IR35

IR35
A rule (first proposed in a news release numbered IR35) to stop the avoidance of tax and national insurance contributions by using intermediaries (typically a service company owned by the "employee"). The intermediary is required to pay tax and national insurance contributions through the pay as you earn (PAYE) system.
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IR35

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Umbrella company — In the United Kingdom, an umbrella company acts as employer to independent contractors who work under temporary contract, usually through a specialist employment agency. Recruitment agencies will only issue contracts to a limited company. Since… …   Wikipedia

  • United Kingdom agency worker law — refers to the law which regulates people s work through employment agencies in the United Kingdom. Though statistics are disputed, there are currently between half a million and one and a half million agency workers in the UK, and probably over… …   Wikipedia

  • managed service company scheme — (MSC scheme) HM Revenue & Custom s proposal, implemented by the Finance Act 2007 and secondary legislation, to remove managed service companies (managed service company (MSC)) from the scope of IR35 and subject them to a separate tax regime.… …   Law dictionary

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