IR35 Deemed employment regulations

This may arise if a director (or other person) enters into a contract for supply of services through the company.

If all or any of your income relates to a deemed employment under IR35 regulations, PAYE and National Insurance will be payable by the following 19th April and form P35 Employer's Annual Return for tax year ending 5th April will need to be made by 19th May subject to penalties for late return and interest on tax and National Insurance paid late. As you may know deemed salary is established by a formula I can provide approximate calculations, if required, to help with your cash flow planning, and shall be pleased to calculate the exact liability if you give me the figures when the time comes.

Contact us about IR35 rules and IR35 contracts

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