How will the IR35 off-payroll legislation impact my business?

How will the IR35 off-payroll legislation impact my business?

From April 2021, end-hirers will be responsible for all contractor tax determinations under new IR35 off-payroll legislation; steps must be taken now to understand any associated risks and protect your business.

Our free solution, developed in partnership with Kingsbridge Insurance, is the only hybrid IR35 assessment tool on the market and comes with a four-year protection guarantee. We can save you time and money, whilst helping you retain the best talent in your business. We can deliver:

Rapid turnaround of assessments and fully insured status determinations

A custom-designed automated process that removes complexity

Expert consultancy and insights that eliminates risks to you

What are the commercial risks to my business of the IR35 off-payroll legislation?

Previous penalties have resulted in individual business fines of over £4 million. Our market-leading hybrid solution removes all associated financial risks by providing demonstrable reasonable care in contractors’ status determinations.

We have a proven track record of helping businesses navigate the complexities of IR35 off-payroll changes. Our support provides peace of mind through regular reporting, analysis and accurate determinations. Developed by IR35 expert Andy Vessey, who has successfully defended more than 500 cases against HMRC, our solution delivers rapid assessments, and ensures you remain fully protected and updated.

All outside determinations are fully insured with four years protection guaranteed.

How can I retain talent in my business under IR35 off-payroll legislation?

Complex IR35 policy changes can lead to confusion, potentially resulting in premature contract terminations and avoidable talent attrition. We are experts in supporting and communicating effectively with our extensive contractor network and can help you to deliver a communication strategy which demonstrates due diligence, reassures your contractors and employees, and retain top talent in your business.

How can I attract the best contractors for my business?

We can help you demonstrate full IR35 compliance, provide a full audit trail, deliver increased outside determinations and unlimited role assessments. Exercising duty of care and proving due-diligence will not only protect your brand reputation, it will enhance your employer branding, and your talent attraction strategy.  

How should I prepare my business for the IR35 off-payroll legislation?

Preparation for April 2021 is just the first step in compliance with IR35 off-payroll; contractor assessments are required every six months which is potentially both time consuming and expensive for your business.

Delivering everything you need to be fully compliant, our fully insured, free solution simplifies and streamlines the end-to-end process from unlimited individual and role-based status assessments to consultation and expert review of borderline results.

If a dispute arises over a status determination decision, and an agreement is not reached within 45 days, the fee-payer liability falls to the end-hirer. Our solution includes an effective, rapid dispute resolution process that prevents disruption and ensures business continuity.

Alternative solutions

Amoria Bond’s sister company, Coalesce Management Consulting (CMC), also offers a flexible workforce in the form of a ‘statement of work’ solution. CMC will scope and package the work, establish delivery milestones and provide a workforce employed by CMC whilst offering the same flexibility as contractors. Retain supervision, direction, and control over your business without any IR35 risk.

AMORIA BOND CAN HELP YOU

Confidently and compliantly maintain your flexible workforce, Amoria Bond’s hybrid IR35 assessment tool gives you access to:

• Unlimited role-based assessments
• Unlimited individual assessments (inc. SDS)
  
• Expert review of borderline results
  
• Downloadable reports and recommendations
  
• Integrated status disagreement process
  
• Audit log for your records
  
• Access to IR35 Protect insurance (underwritten by Zurich Insurance PLC with claims handled by top UK Law Firm DWF)
  
• Unlimited access to IR35 helpline
  
• A full assessment of contracts
  
• Regular tax and legal updates
  
• Annual review & risk assessment
  

Contact us here or call us on 0161 448 8881 to arrange a virtual meeting where we will deliver a presentation and demonstration of our assessment tool.