MyPay UK - What are my options if I fall inside IR35

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What are my options if I fall inside IR35

If like the vast majority of contractors you are affected by IR35 you need to ensure that you are paying PAYE tax and National Insurance Contributions (NIC’s) in order to be compliant.

The most popular option for contractors affected by this legislation is Umbrella Companies. These have grown in popularity significantly ever since their introduction in 2000 and with the MSC legislation in the 2007 budget more contractors and freelance professionals are using these companies than ever before.

The reason for this is that because they pay Income Tax and Class 1 NIC’s on your earnings. You are 100% compliant with both legislations.

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