I sense this may have been asked already, but I can't find a clear answer on any of the threads, so apologies for duplication - it is my first post
I have been contracting since 2012, but my current contract commenced in November 2019, and is due to end on March 31st.
This is now the fifth different client I have had.
I am working on the assumption that my client will declare all Contractors are inside IR35, and future contract extensions are inside IR35. Assuming that I remain and sign an extension, I understand that this puts me in a difficult position if HMRC come knocking later for reasons that have been covered to death already.
My question is that for backdated tax, am I on the hook for all my previous contracts as a result of signing this extension, or am I just on the hook for the work I have done for this client?
I assume that I would only be on the hook for the current contract, and HMRC would have to prove each previous contract on a case by case basis. Is any one aware of any previous cases where contractors have been caught for multiple contracts?
The reason I am asking is that I'm trying to form a reasonable view of risk. I feel that if I had to only pay backdated tax from November, I could live with that risk, as I'm really enjoying the current contract and would prefer not to leave.
For clarity, I have very strong reason to believe there will be an extension as the Programme of work is another year minimum.
Thanks in advance.
I have been contracting since 2012, but my current contract commenced in November 2019, and is due to end on March 31st.
This is now the fifth different client I have had.
I am working on the assumption that my client will declare all Contractors are inside IR35, and future contract extensions are inside IR35. Assuming that I remain and sign an extension, I understand that this puts me in a difficult position if HMRC come knocking later for reasons that have been covered to death already.
My question is that for backdated tax, am I on the hook for all my previous contracts as a result of signing this extension, or am I just on the hook for the work I have done for this client?
I assume that I would only be on the hook for the current contract, and HMRC would have to prove each previous contract on a case by case basis. Is any one aware of any previous cases where contractors have been caught for multiple contracts?
The reason I am asking is that I'm trying to form a reasonable view of risk. I feel that if I had to only pay backdated tax from November, I could live with that risk, as I'm really enjoying the current contract and would prefer not to leave.
For clarity, I have very strong reason to believe there will be an extension as the Programme of work is another year minimum.
Thanks in advance.
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