IR35 is one of the most misunderstood pieces of UK tax legislation. Here's what every freelancer and contractor needs to know.
IR35 is UK tax legislation that determines whether a contractor should be treated as an employee for tax purposes. Getting it wrong can result in large unexpected tax bills.
IR35 (officially the Intermediaries Legislation) was introduced in 2000 to tackle what HMRC calls disguised employment — where someone works effectively as an employee but is paid through a limited company to reduce tax.
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