IR35

 

In the April 1999 budget, this IT friendly, business-friendly government introduced a stealth tax that is designed to put us all out of business. It was not mentioned in the budget, but sneaked out in a press release called IR35 and the name has stuck ever since.

Along with extra tax (up to 25%) to pay comes an administrative nightmare, because everything has to be looked at two ways: once, the correct way, as income or expense of the company and then again (the IR35 way) as income or expense (perhaps) of the person.

But fear not; we cannot reduce the tax that you need to pay, but we can take away the nightmare. We can also make sure that you do not get any nasty surprises.

At the moment the details are unclear, but they are bound to include keeping very precise records and you can rest assured that Independence™ will be continuously updated to provide you with a simple means to comply. 

 

 

 How Independence™ Helps You    Calculations

 

Independence already collected the necessary data and the functionality has been added to do all the extras.    All the end of tax year calculations will be done automatically. 
 
 Modelling    
At any time you can check on your potential liability.     
 
 

 

 

 ©2003 Designs on Data Ltd     

 Revised: Oktober 23, 2003 .