This blog goes slightly off the beaten track compared to my other finance-related blogs. But IR35, the so-called ‘intermediaries legislation’, is an important topic for freelancers. It doesn’t seem to go away, and influences the way we do business.
The idea is to present this freelancer’s understanding of the contentious HMRC rule.
To illustrate it in practice, I reveal the defences I would put up if, hypothetically, the HMRC were to argue that Prism-Clarity should be within the IR35 net.
Not much of this is original. It borrows heavily from other sources including a helpful account at freelancesupermarket.com. The only truly original material in this blog is the illustrative defence relating to Prism-Clarity.
Please note: this blog does not represent advice. This is a contentious topic. If in any doubt, consult your accountant or a professional Human Resources adviser.