ContractorUK has provided you with an IR35 tax calculator in order for you to calculate how IR35 can affect your income. IR35 affects contractors who do not meet the Inland Revenue's definition of 'self-employment'. Those who fall inside the IR35 rules will be liable to increased taxation and NI and will prevent their contractor company from retaining profits to grow their business in the future. For more on IR35 please click here.
By Laura Foster