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Contractors concerned about their IR35 status can take steps to protect themselves

Posted on 1st October 2018 by Phil Ainley MCIM CMktr

IR35 Tax Enquiry

With the roll-out of IR35 reform on April 6th 2020 to the private sector and the persistent and constant doom-mongering around the topic. There is at least one ray of hope that UK contractors can rely on… Tax Enquiry and Legal Expenses insurance and IR35 Contract Reviews.

There is no specific insurance policy for contractors to buy that insures them against IR35, but a Tax Enquiry and Legal Expenses insurance policy will at least cover you in the event that you are investigated by the HMRC regarding your IR35 and taxation status.

>> CLICK HERE TO BUY COVER AND AN IR35 CONTRACT REVIEW<<

 

IR35 Tax Enquiry and Legal Expenses Insurance

Tax Enquiry and Legal Expenses Cover

Caunce O’Hara Tax Enquiry & Legal Expenses insurance provides you with £100,000 of cover (any one claim) for representation costs in the event of an HMRC investigation, meaning you aren’t fronting the cost yourself.

Before, during and after an IR35 investigation you may need to seek advice. The policy provides access to free helplines to guide you in IR35 issues, tax advice, legal advice, business law and counselling.

Tax Enquiry and Legal Expenses Insurance and IR35 Contract Review

More than just IR35 cover

This policy is extensive in its coverage and provides a comprehensive level of insurance for most

instances where legal costs and expenses are incurred, including:

Employment disputes

  • ACAS early conciliation
  • Employment tribunals response
  • Pre-hearing review/Employment status disputes
  • Employment tribunal hearing
  • County or High Court proceedings

Employment compensation awards

  • Awards of compensation
  • Settlement of a dispute
  • Tribunal fees

Property and landlord and tenant disputes

  • Property disputes
  • Disputes with your landlord
  • Disputes with your tenant
  • Eviction

Criminal defence

  • Interview under caution
  • Prosecution defence
  • Motor offences

Tax protection

  • Aspect enquiry
  • Full enquiry
  • National Insurance and PAYE disputes
  • Current tax year enquiry
  • VAT disputes

Regulatory compliance

  • Enforcement notice
  • Statutory licence appeals
  • Data protection defence
  • Data protection compensation

Court attendance costs

  • Jury service
  • Witness attendance allowance

Employment extra protection

  • Pension trustee defence
  • Wrongful arrest
  • Personal injury
  • Discrimination defence

Identity theft

  • Unauthorised use of your personal data
  • Contracts entered into by a third party, in your name or on your behalf, without your permission

Contract disputes

    • Contracts for goods and services
    • Contracts for construction and repairs

Some of these issues can leave you having to pay thousands of pounds out of your own pocket if you do not hold this type of cover.

 

>> CLICK HERE TO GET YOUR COVER AND AN IR35 CONTRACT REVIEW<<

 

IR35 Contract Reviews are an added benefit contractors can take advantage of

For only £60.00 you can add a IR35 Contract Review to your Tax Enquiry & Legal Expenses policy. The review is aimed at defining your IR35 status in the eyes of HMRC for tax purposes and informing you if your contract passes the test for IR35.

 >> CLICK HERE TO GET YOUR COVER AND AN IR35 CONTRACT REVIEW<<

 

Accounts for IR35 Tax enquiry

 

 

If you would like further information about Tax Enquiry and Legal Expenses insurance before purchasing, please contact our award-winning Schemes team on 0333 321 1403

 


Article first written and published in October 2018. Updated January 2020.


Related Articles:

4 reasons why having a Tax Enquiry and Legal Expenses policy is more important than you think!

Why do I need an IR35 Contract Review?

5 things that private sector contractors can do to prepare for IR35

How Tax Enquiry & Legal Expenses cover can help you in the event of an IR35 investigation

Six reasons for PSCs to be proactive to respond to the IR35 private sector changes

Contractors concerned about their IR35 status can take steps to protect themselves

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