TURN YOUR IR35 CHALLENGE INTO A FANTASTIC OPPORTUNITY
Here at Stonebridge we have developed a fully insured off-payroll solution which protects our clients in the event of a HMRC status enquiry. As Stonebridge sits directly in the contractual chain all CIS liabilities, PAYE liabilities and potential risks in respect of the engagement of Limited Companies (PSC’s) and contractors, rest entirely with Stonebridge. Any potential tax liability as a result of a successful HMRC status enquiry is fully covered by our specialist tax liability insurance underwritten by Markel International.
​
HOW IT WORKS
In short, Stonebridge engages the contractors directly and becomes the feepayer and decision maker, thus eliminating any potential tax liability from our clients as a result of a status enquiry.
On engagement of the contractor, with the assistance of our specialist advisors and tax liability insurers, Stonebridge will:
​
-
Assess the role of the contractor to determine if it’s inside or outside IR35.
​
-
Once satisfied that the role is outside IR35, a working practice questionnaire is performed on the contractor to
confirm the engagement is 100% outside IR35.
​
-
On successful completion of the role assessment and working practice questionnaire, the contractor is provided with a status determination certificate that confirms that particular assignment is outside IR35.
​
-
Once the status determination certificate has been generated the assignment is fully covered by our specialist tax liability insurance.
​
-
We continually assess our contractors throughout the assignment to ensure compliance with off-payroll legislation is maintained.
​
KEY INSURANCE FEATURES
-
No transfer of debt liability for Stonebridge clients as any potential tax liability is fully covered by our specialist IR35 insurance.
​​
-
£100k cover per enquiry for professional fees in the defence of a status enquiry
​
-
£100k cover per contractor and per year of insurance, for tax/NI liabilities, interest, and penalties if the contractor is found to be inside IR35 following enquiry
​
-
Our specialist advisors and insurers have successfully defended over 1,500 cases
​
-
All claims handled by ex-revenue inspectors with a proven track record
​