Contracting - IR35

Perhaps one of the worst things about IR35 is the uncertainty the legislation gives to individuals. With employment status being such a complicated issue it is essential to gain professional advice. Embarking on your first contract can be a time consuming and daunting experience. In addition you need to be sure you fully understand the options that are available and how contracting will affect your day-to-day finances.

RBS know the answer to your questions and will help and guide you every step of the way. We will help you plan and administer your new venture in a professional, friendly and cost effective way. Working closely with our clients is our priority, this will ensure you operate in a way which best suits you.

Limited Company or PAYE?
As we are sure you are already aware, for many years there has been a move within the contractor market towards the utilisation of limited companies and away from PAYE. The reasons for this movement include both the introduction of a number of pieces of new legislation by the Government, most notably The Working Time Directive, which have discouraged employment, as well as tax opportunities which have encouraged the use of limited companies. The introduction of IR35 has reduced the tax advantages but operating through a Limited Company remains popular.

How can we help?

Advise on IR35 and its implication on your business venture

Assist in forming a limited company with your chosen name

Deal with all form filling and registrations with appropriate bodies

Introducing you to a bank in order to open a business account

Establishing your payroll

Deciding on a salary level and share split for your company

Registration for VAT, if applicable, and advising on a suitable VAT scheme

Advising you of the most efficient way to extract other funds from your company

Help with the ongoing compliance work see the section - Traditional Services

More IR35 information for contractors