Why it Matters
- Contractors: If you're a true freelancer, IR35 makes sure you're classified correctly to avoid overpaying taxes.
- Recruiters: You have a responsibility to ensure the contractors you place are following IR35 rules. Messing this up can lead to fines!
Benefits for Everyone
Playing by the IR35 rules is a win-win!
- Contractors: Keep more of your hard-earned cash by making sure the right amount of tax is deducted.
- Recruiters: Avoid hefty penalties and focus on building strong relationships with clients and contractors.