The off-payroll working legislation, better known as IR35, has been disrupting the contracting and recruitment landscape since it was introduced as law in 2000.
It is widely agreed that tax reform is needed in the UK, but the more that off-payroll legislation and private sector contractor’s lives are tinkered with, the more unfair it appears to be.
The lack of clear information, combined with the increased admin and cost burden on feepayers, has created uncertainty in the UK economy and anxiety for contractors.
We have created this downloadable guidebook with the aim of providing you, the contractor, with the information you need to help you navigate the maze of IR35 legislation and taxation.
Professional Indemnity Insurance for Contractors
Professional Indemnity Insurance (PI) is a type of business insurance that protects you if you make a mistake in work you produce for a client, or if you provide advice to your client that causes them a financial loss.
It also covers legal costs and expenses in defending a claim as well as compensation payable to your client for loss or damages.
All businesses that provides a professional service to clients should consider carrying professional indemnity cover for peace of mind that you are covered in case any mistakes, errors and omissions occur.
Getting professional indemnity insurance cover is quick and simple, with the option to pay monthly and spread the cost over the lifetime of the annual policy.
For significant terms and conditions, view the Key Facts document
Price indication includes Insurance Premium Tax (IPT) at 12% and is based on a business consultant with a turnover of up to £25,000, no claims history and meeting all underwriting criteria.