IR35 Liability Insurance

[silverlight1]

Morning,


Can anyone recommend some insurance to cover any future IR35 tax liabilities / penalties please?


As an IPSe + member I have the insurance to cover accounting costs but looking for some cover for any tax liabilities etc should it ever be required.

An idea of costs would be useful too.


Thanks

[northernladuk]

Bearing in mind this is something every single contractor should have you'd think it's been discussed endlessly... and it has.

Use the google search method by typing the following in to google.

IR35 liability insurance site:contractoruk.com/forums

You'll find your answers as well as a ton of discussion and comparison.

Of if you can't be bothered then QDOS TLC35 is what you need.

[GhostofTarbera]

Morning,


Can anyone recommend some insurance to cover any future IR35 tax liabilities / penalties please?


As an IPSe + member I have the insurance to cover accounting costs but looking for some cover for any tax liabilities etc should it ever be required.

An idea of costs would be useful too.


Thanks

Future???

After April next year the majority of liability will sit with the client not you - why bother ?


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[Lance]

Future???

After April next year the majority of liability will sit with the client not you - why bother ?


Sent from my iPhone using Contractor UK Forum

yup. Unless you're client is a small company.
Expect the cost of TLC35 to go up as the number of policies sold reduces. They need to cover the liability somehow.

[GhostofTarbera]

yup. Unless you're client is a small company.
Expect the cost of TLC35 to go up as the number of policies sold reduces. They need to cover the liability somehow.

And ipse to go belly up


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[Lance]

And ipse to go belly up


Sent from my iPhone using Contractor UK Forum

nah. IPSE have all their insurances underwritten by other companies. Just expect a similar price hike.
FSB will take over.