IR35 – 4 Things Contractors Must Do Before Christmas

08/12/2020

Think you’ve got all the time in the world to prepare for the IR35 reform in April? Perhaps you believe that as the responsibility is moving to the end client, you’ve got nothing to do? You’re wrong. There’s plenty you can be doing to ensure your compliance and, the sooner you take action, the better prepared you’ll be. 

In this blog, we explore what you can do before Christmas for the new IR35 off-payroll working rules. 

 

Understand the legislation

Before the new year begins, it’s important that you understand and prepare for the changes to IR35 legislation. Once the 6th April 2021 comes around, all end clients in the public and private sector will be responsible for determining the employment status of their workers.

Despite not having the power anymore, there’s still potential that you can influence the outcome of the decision. But to do this, you’d need to know exactly what inside or outside of IR35 means… 

 

Communicate with other contractors

It’s always helpful to have the advice of a second person, which is why it’s a good idea to speak with other contractors who work for the same client. After all, they may have had IR35 talks with them and be able to inform you. 

If your client hasn’t addressed IR35 with any other contractors, you could approach them together to emphasise the importance of being well-informed as early as possible.

 

Speak to your client 

On the topic of speaking with your client, it’s essential to stay proactive and reach out to them as soon as possible – even if that means doing it alone. The sooner both your client and recruitment agency understand the upcoming IR35 changes, the better. 

Having a clear understanding of how your client plans to deal with IR35 will allow you to decide whether or not you want to continue working under your current contract. If your client doesn’t yet know how they intend to handle the IR35 reform and their responsibilities, you may need to speak to an expert, like us. 

 

Seek professional advice

Whether your client is taking action or not, you can have your contract reviewed by an external party. That way, when your client does reveal their decision, you’ll have the facts and figures to either agree or disagree with them.

At Silven, we have a dedicated and completely unique IR35 solution – Silven Protect – that provides workforce analysis, insurance, SDS reports and supply chain compliance. Put simply, it offers legal and IR35 coverage, protecting contractors, end clients and fee-payers by removing their tax liability. 

With us by your side, you can enjoy a competitive advantage over other candidates who may not have IR35 insurance. For complete coverage, our full legal expenses package includes cover for loss of salary and wages to attend jury services, contract disputes and debt recovery cover and more.

Whether you’re interested in our solution or have a question about the legislation, why not see how our team could help? Call 0161 832 7463, email info@silven.co.uk or fill out our online form, and we’ll respond as soon as possible.

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