I am a limited company director with my contract outside IR35. I also have an employee (not a family member or relative) who just started now and works for another client, generating revenue for my limited company. That contract is inside IR35 not only because my employee's working practices are indicative of deemed employment but also because my employee can't claim to be 'in business on his own' when he is clearly employed by my company.
Majority of the revenue he generates is spent for his gross salary and employer's NI. The remaining is the profit for the company. The question is - should this 'profit' be considered as 'deemed employment income' under IR35 regulations or just as profit for my company from its consulting business.
I have asked other questions previously and I am thankful for the opinions many of you presented.
Majority of the revenue he generates is spent for his gross salary and employer's NI. The remaining is the profit for the company. The question is - should this 'profit' be considered as 'deemed employment income' under IR35 regulations or just as profit for my company from its consulting business.
I have asked other questions previously and I am thankful for the opinions many of you presented.
Comment