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IR56 - Employed or Self Employed?

IR56 IR56 provides guidance on the employment status for tax and NICs, which is important as employment status determines how much tax you need to pay and how HMRC collect it.
Whilst this may sound obvious, there is no definition of 'employment' or 'self employment' in tax law and so the courts provide the basis for our understanding through case law.
It is important to understand that somebody cannot simply choose their status but rather that one's status will depend on conditions surrounding the engagement.
Inland Revenue Click on the Inland Revenue logo to view a PDF of their guidelines to employment status for tax and National Insurance contributions.
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With Atlantic, you become an employee of the company and by doing leave behind the administrative burdens of being self-employed, and still get to take home a highly tax efficient level of earnings
Those that have been self employed before, will know that these burdens can at times be over bearing what with statutory and taxation disclosure and payment requirements costing both money and time, alongside the daily never ceasing drudge of administration.
With our HMRC dispensation, you are sure to take home more of your hard earned money as we help you administer your expenses in the most tax effective fashion allowable under law.