What are the benefits of using an umbrella company for contracts inside IR35?
The contracting world is replete with options and opportunities but also has its share of complexities and challenges. One such challenge is the tax legislation commonly known as IR35. It is a set of rules that determine whether a contractor should be taxed in the same manner as a permanent employee or as a self-employed individual. In this article, we will look at what IR35 tax legislation is and how an umbrella company can benefit contractors inside IR35.