IR35 Insurance

[Rookie]

Hello Folks

I have been recommended these chaps for IR35 insurance.

Any thoughts would be appreciated.

http://cuk.qdosconsulting.com

R

[rebekkaloos]

that's the one Giant uses
still, not necessarily a recommendation - have no idea what they're actually like.

[eAZy]

IR35 Insurance

IR35 Insurance
IR35 investigation insurance is available from most specialist IR35 advisors.

Investigation Insurance
Route35 from the PCG doesn't exist any more. It has been replaced by a membership class called PCGPlus which does pretty much the same thing.

Fee protection insurance from some accountants is in my opinion not good as Route35.

Tax Liability Cover / Contractor Care etc
This pays for the IR35 tax & interest & penalties if you are caught by IR35 after appeal(s) have failed.

All contracts will be reviewed before you are offered this by Accountax, Lawspeed, Qdos etc. Can be quite expensive.

IR35 Advisors
Qdos : http://cuk.qdosconsulting.com/
Bauer & Cottrell : www.bauerandcottrell.co.uk/

[planetit]

Don’t know about buying insurance direct from Qdos, but they do have a very good reputation for successfully fighting cases with the IR. The PCG insurance scheme often uses them.

[James of Lawspeed]

Re: RE:IR35 Insurance

The 'PEI' insurance provided as part of PCG membership is run by Abbey Tax Protection. They also offer 'IR35 Tax-Safe' insurance which dovetails with the PEI to underwrite the additional IR35 tax, NIC's, interest and penalties if you are ultimately deemed liable for IR35 after investigation.

To apply for this insurance Abbey Tax Protection requires approval of the status of the engagements that are to be covered. They only use Lawspeed for this approval service.

If you send us through the relevant contractual paperwork we can confirm a combined approval quote for you.

James May

[rootsnall]

Re: RE:IR35 Insurance

A downside I can forsee ( maybe incorrectly ? ) to these schemes is that the cover is for only 12 months. If in that 12 months the IR35 cases then start to swing towards the IR ( especially if there is any restrospective legislation ) then there won't be any future cover on offer. I'd also like to know what small print is included in the cover regarding restrospective legislation !?

Looking at the stats on the PCG website there doesn't appear much ( almost negligible if properly represented ) chance you'll lose at the moment.

[James of Lawspeed]

Re: RE:IR35 Insurance

With the IR35 Tax-Safe insurance your cover persists for as long as you retain the 'PEI' (see above message) element. So, for example, if you only have 2 years' worth of contracts to be covered, you only take out 24 months of IR35 Tax-Safe insurance and no more. You can then continue to make a claim for as long as you retain just the PEI cover.

James May

<snip>Contact details removed</snip>

[ZwanzlP]

Hello Folks

I have been recommended these chaps for IR35 insurance.

Any thoughts would be appreciated.

www.ir35-insurance.info - www.qdosconsulting.com

R

They helped me out. Can only recommend!

[Fred Bloggs]

Jeez, 5 year old thread!

[Qdos Contractor]

And before anyone asks: no, I didn't write that...