Contingent Workforce

IR35

IR35, also known as the Intermediaries Legislation, will bring major changes to businesses leveraging UK-based contractors. With the law due in effect in April 2020, the time is right to understand IR35’s complexities and how it could impact your business Compliance with HMRC’s IR35 tax reforms is critical when engaging contractors. If not done properly, the costs of incorrectly classifying just one contractor could easily outweigh the benefits that led you to engage the contract workforce in the first place.

Your Risks

Without professional help you could face:

Additional employer costs v’s talent walk out

Financial and reputational penalties for mis-management Reduced workforce flexibility and uplift in permanent hires

The Solution

A free one hour IR35 risk assessment

Understand current and future contingent workforce requirements

Steering on internal and outsourced processes to embrace IR35 rules

Presentation on risk and cost management options

How Can Torsion help

Provide & distribute Status Determination Statement (SDS) on all new assignments

Correctly identify assignments as inside or outside of IR35 Implement mandatory IR35 based training to staff & contractors Act asfee payer or employer for inside IR35 workers

Underwrite your risk, reducing cost uplift & build solutions to suit you and the contractor.

The help you need, when you need it:
An Initial Free One hour Assessment including:
Create and Distribute Individual StatusDetermination Statements (SDS):
Access to our bespoke Status Determination Tool

An Initial Free One hour Assessment including:

  • Strategic insights and solution options to be considered
  • A report to identify the risk elements with root causes

Create and Distribute Individual StatusDetermination Statements (SDS):

  • Provide necessary evidence to support the requirement of “reasonable care”
  • Specific feedback on how each determination was reached
  • Periodic reviews to ensure determinations remain relevant

Access to our bespoke Status Determination Tool

  • Highlight workers whose assignments are clearly identifiable as inside or outside of IR35
  • Identify cases that require further review from our Compliance Analysts
Provide ongoing IR35 based training:
Design, implement and manage a bespoke determination disagreement process:
Take on Fee Payer responsibilities for cases inside IR35:

Provide ongoing IR35 based training:

  • Delivered to your staff plus Outside IR35 Contractors
  • Auditable proof of your employee’s and contractor’s IR35 knowledge
  • Assurance that active SDS’s remain valid

Design, implement and manage a bespoke determination disagreement process:

  • Resolve enquiries without your engagement (where possible)
  • Escalate cases to End Client personnel where needed

Take on Fee Payer responsibilities for cases inside IR35:

  • Directly engage with PSC’s or become Umbrella employer (case dependent)
  • Conduct regular audit reviews with End Client to evidence correct deductions and settlement withHMRC
  • Evidence will remove all Debt Transfer risks

 The Torsion Discovery Process

Engagement Discovery Process

  1. Torsion review IR35 related processes
  2. Torsion Present risk assessment
  3. Client decides ‘Go/No Go’

Compliance with HMRC’s IR35 tax reforms is critical when engaging temporary contractors. If not done properly, the costs ofmisclassifying just one contractor could easily outweigh the benefits that led you to engage the contractor population in the first place.

With an investment of just one hour, for a discovery meeting conducted by one of our Compliance Specialists, you will receive an IR35 Compliance Risk Assessment Report. This report will help you understand the complex risks of engaging contractors and provide specific strategies and practical solutions on how to effectively manage the contractor talent you need.

You’ll then be in a position to choose an insurance backed, bespoke solution that will allow you to compliantly engage your temporary workforce whilst aligning with all IR35 rules.

Our Advisers are here to help on 020 3912 1738

Menu