Our Partner demonstrates why IR35 is important
26500
IR35 assessments completed
3600
End hirers benefitted from the status tool
50
years of experience combined
The issue
The IR35 status changes have led to many organisations becoming nervous around engaging with PSCs due to the risk of being inadvertently hit by a large and unexpected tax bill from HMRC. A few have even taken the draconian step of imposing “blanket bans”, refusing to engage with any PSCs under any circumstances.
The current approach
This approach, however, comes at a significant cost. Where a PSC is needlessly treated as Inside IR35, it can result in additional and avoidable costs, such as Employer’s NIC,
the Apprenticeship Levy, and potential claims for employment rights, depending on how a contractor is engaged. More importantly, it reduced access to some of the best contracting talent out there. These contractors are far more likely to be attracted to
end-hirers who adopt a robust and fair approach to determining IR35 status.
The advantage
Employers willing to engage with PSCs therefore stand to gain a significant competitive advantage and ability, particularly in a post-pandemic landscape where flexible workers are set to play an even greater role in the UK economy and access to the best talent will be decisive.
The Solution
The Kingsbridge IR35 Status Tool takes a best-of-both approach, allying a custom-designed automated process – developed by Andy Vessey ATT, ex-HMRC, tax advisor, and a leading IR35 specialist who has defended over 500 investigations, most of which he has won – with in-house expert consultancy to provide the quickest, most accurate IR35 status result available.
If it’s a clear-cut case, the tool then generates an instant determination, as well as a comprehensive report that pulls through the notable positives or negatives of a given engagement, as well as an official Status Determination Statement (SDS) that you can supply to the contractor. If it’s a borderline result, the answers given are passed over to one of Kingsbridge’s in-house IR35 specialists for further manual review.
Kingsbridge is currently the only IR35 status provider on the market to offer a hybrid solution, and we firmly believe that it’s the best one-stop-shop to meet all your IR35 business requirements.
We let our clients do the talking...
“I personally appreciate Tiro’s support a lot. It’s been a while now we’ve been working with Tiro and I’m enjoying it. They are delivering good candidates, have an understanding of our needs for different roles and our cooperation has been very successful so far.”
“The team at Tiro Partners consistently provide friendly, prompt, and enthusiastic service. They have introduced us to many candidates who have become key employees. To their credit they quickly accept if we report that a candidate is not a good fit whatever the reason and adjust their recommendations accordingly. Based on our experience we now work with them almost exclusively.”
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If you’d like to know how we can help you with IR35 then get in touch today.
IR35
Our Partner offer a market leading, Zurich underwritten IR35 insurance policy that protects the whole supply chain for up to £100k legal defence costs and £100k tax liability, as well as providing a legal expenses policy.
Not only does this insurance protect the contractor, it’s also designed to flex to cover the fee-payer as well. This means that the entire supply chain is protected against the potentially crippling costs of an IR35 enquiry and any tax debts found owing – peace of mind for the contractor, and a safe bet for the fee payer.
Find out more by getting touch with us today.