W supplies consultancy services through a personal service company, I Ltd. The services are supplied to a client C Ltd under terms that fall within the scope of IR35.
During the tax year 2017/18, C Ltd pays I Ltd £50,000 in respect of services received from W. W does no other work during the tax year. He pays himself a salary of £20,000, in respect of which tax and NIC are paid. He also has a company car with cash equivalent value of £5,500 and I Ltd pays private medical insurance of £400. I Ltd also pays
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 16:52