Calculate Your Take-home Pay with Outside IR35 Calculator
What is IR35? IR35 is a tax legislation in the UK aimed at determining whether a contractor or freelancer is genuinely self-employed or should be treated as an employee for tax purposes. It affects contractors working through their own limited companies, impacting their tax status and liability. What is an Outside IR35 Calculator? An Outside IR35 Calculator is a valuable tool for limited companies and contractors to assess their IR35 status. It helps determine if a contract falls within the scope of IR35 or is considered "outside" it. This calculation considers various factors such as control, substitution, and mutuality of obligation to provide a clear understanding of the contractor's tax position. Benefits of Using a Take-home Pay Calculator Outside IR35 Accurate Assessment: The calculator evaluates key employment factors accurately, reducing the risk of misclassification and potential tax liabilities. Financial Clarity: Contractors can estimate their take-home pay