The Great IR35 Test

Bedouin Group proudly presents THE IR35 TEST TEST START DATE MAY 07 2012 TEST SAMPLE SIZE 62% MALE A1.4milion 38% FEMALE 3 IR35 TEST SCORING 10 0-10 points high risk of being affected by IR35 20 11- 20 points medium risk of being affected by IR35 21 21 points or more equals low risk of being affected by IR35 4 IR35 TEST STUDY GUIDE The full questions are expected to be published officially in early May, however the substance of the main questions are expected to be as follows:! Question: Do you own or rent separate office premises for your business? Score: Yes = 10 points Question: Do you need professional indemnity insurance? Score: Yes = 2 points Question: Have you had the chance to finish a project early over the past 2 years, but still received the full agreed payment? Score: Yes = 10 points Question: Do you employ any workers who contribute at least 25% of your turnover? Score: Yes = 35 points Question: Were you previously a PAYE employee for the client you are now a contractor for in the last financial year? Score: Yes = Minus 15 points Question: Have your business spent over £1,200 on advertising in the past year? Score: Yes = 2 points Question: Do you have a regularly updated business plan, and a dedicated business bank account? Score: Yes = 1 point Question: Would your business be financially liable for fixing any mistakes made? Score: Yes = 4 points Question: In the past 2 years, have you been unable to recover payment in excess of 10% of annual turnover? Score: Yes = 10 points Question: Do you invoice for contract work in advance or payment, and negotiate payment terms? Score: Yes = 2 points Question: Do you have the right to send a substitute if you are unable to work? Score: Yes = 2 points Question: In the past 2 years, have you actually supplied a substitute or hired a sub-contractor, while you remain responsible for their work and payment? Score: Yes = 20 points 5 THE IMPACT OF IR35 RATE PER HOUR 88% CHANGE IN TAX BURDEN £20 TAX ÎNCREĂSE DECREASE 24% PER MONTH TAKE HOME PAY RATE PER HOUR 63% |CHANGE IN TAX BURDEN £30 TAX INCREASE 23% DECREASE 2370 E PER MONTH TAKE HOME PAY RATE PER HOUR 44% CHANGE IN TAX BURDEN £40 TÂX INCREASE 22% DECREASE TAKE HOME PAY 70 EN63 PER MONTH RATE PER HOUR 35% CHANGE IN TAX BURDEN £50 TAX INCREASE 21% DECREASE SI015 PER MONTH ТАКE НОМE РAY Bedouin strategic woalth manngement WE ARE OUTSIDE OF IR35 CALL US ON 0845 519 2888 Bedouin Group proudly presents THE IR35 TEST TEST START DATE MAY 07 2012 TEST SAMPLE SIZE 62% MALE A1.4milion 38% FEMALE 3 IR35 TEST SCORING 10 0-10 points high risk of being affected by IR35 20 11- 20 points medium risk of being affected by IR35 21 21 points or more equals low risk of being affected by IR35 4 IR35 TEST STUDY GUIDE The full questions are expected to be published officially in early May, however the substance of the main questions are expected to be as follows:! Question: Do you own or rent separate office premises for your business? Score: Yes = 10 points Question: Do you need professional indemnity insurance? Score: Yes = 2 points Question: Have you had the chance to finish a project early over the past 2 years, but still received the full agreed payment? Score: Yes = 10 points Question: Do you employ any workers who contribute at least 25% of your turnover? Score: Yes = 35 points Question: Were you previously a PAYE employee for the client you are now a contractor for in the last financial year? Score: Yes = Minus 15 points Question: Have your business spent over £1,200 on advertising in the past year? Score: Yes = 2 points Question: Do you have a regularly updated business plan, and a dedicated business bank account? Score: Yes = 1 point Question: Would your business be financially liable for fixing any mistakes made? Score: Yes = 4 points Question: In the past 2 years, have you been unable to recover payment in excess of 10% of annual turnover? Score: Yes = 10 points Question: Do you invoice for contract work in advance or payment, and negotiate payment terms? Score: Yes = 2 points Question: Do you have the right to send a substitute if you are unable to work? Score: Yes = 2 points Question: In the past 2 years, have you actually supplied a substitute or hired a sub-contractor, while you remain responsible for their work and payment? Score: Yes = 20 points 5 THE IMPACT OF IR35 RATE PER HOUR 88% CHANGE IN TAX BURDEN £20 TAX ÎNCREĂSE DECREASE 24% PER MONTH TAKE HOME PAY RATE PER HOUR 63% |CHANGE IN TAX BURDEN £30 TAX INCREASE 23% DECREASE 2370 E PER MONTH TAKE HOME PAY RATE PER HOUR 44% CHANGE IN TAX BURDEN £40 TÂX INCREASE 22% DECREASE TAKE HOME PAY 70 EN63 PER MONTH RATE PER HOUR 35% CHANGE IN TAX BURDEN £50 TAX INCREASE 21% DECREASE SI015 PER MONTH ТАКE НОМE РAY Bedouin strategic woalth manngement WE ARE OUTSIDE OF IR35 CALL US ON 0845 519 2888 Bedouin Group proudly presents THE IR35 TEST TEST START DATE MAY 07 2012 TEST SAMPLE SIZE 62% MALE A1.4milion 38% FEMALE 3 IR35 TEST SCORING 10 0-10 points high risk of being affected by IR35 20 11- 20 points medium risk of being affected by IR35 21 21 points or more equals low risk of being affected by IR35 4 IR35 TEST STUDY GUIDE The full questions are expected to be published officially in early May, however the substance of the main questions are expected to be as follows:! Question: Do you own or rent separate office premises for your business? Score: Yes = 10 points Question: Do you need professional indemnity insurance? Score: Yes = 2 points Question: Have you had the chance to finish a project early over the past 2 years, but still received the full agreed payment? Score: Yes = 10 points Question: Do you employ any workers who contribute at least 25% of your turnover? Score: Yes = 35 points Question: Were you previously a PAYE employee for the client you are now a contractor for in the last financial year? Score: Yes = Minus 15 points Question: Have your business spent over £1,200 on advertising in the past year? Score: Yes = 2 points Question: Do you have a regularly updated business plan, and a dedicated business bank account? Score: Yes = 1 point Question: Would your business be financially liable for fixing any mistakes made? Score: Yes = 4 points Question: In the past 2 years, have you been unable to recover payment in excess of 10% of annual turnover? Score: Yes = 10 points Question: Do you invoice for contract work in advance or payment, and negotiate payment terms? Score: Yes = 2 points Question: Do you have the right to send a substitute if you are unable to work? Score: Yes = 2 points Question: In the past 2 years, have you actually supplied a substitute or hired a sub-contractor, while you remain responsible for their work and payment? Score: Yes = 20 points 5 THE IMPACT OF IR35 RATE PER HOUR 88% CHANGE IN TAX BURDEN £20 TAX ÎNCREĂSE DECREASE 24% PER MONTH TAKE HOME PAY RATE PER HOUR 63% |CHANGE IN TAX BURDEN £30 TAX INCREASE 23% DECREASE 2370 E PER MONTH TAKE HOME PAY RATE PER HOUR 44% CHANGE IN TAX BURDEN £40 TÂX INCREASE 22% DECREASE TAKE HOME PAY 70 EN63 PER MONTH RATE PER HOUR 35% CHANGE IN TAX BURDEN £50 TAX INCREASE 21% DECREASE SI015 PER MONTH ТАКE НОМE РAY Bedouin strategic woalth manngement WE ARE OUTSIDE OF IR35 CALL US ON 0845 519 2888 Bedouin Group proudly presents THE IR35 TEST TEST START DATE MAY 07 2012 TEST SAMPLE SIZE 62% MALE A1.4milion 38% FEMALE 3 IR35 TEST SCORING 10 0-10 points high risk of being affected by IR35 20 11- 20 points medium risk of being affected by IR35 21 21 points or more equals low risk of being affected by IR35 4 IR35 TEST STUDY GUIDE The full questions are expected to be published officially in early May, however the substance of the main questions are expected to be as follows:! Question: Do you own or rent separate office premises for your business? Score: Yes = 10 points Question: Do you need professional indemnity insurance? Score: Yes = 2 points Question: Have you had the chance to finish a project early over the past 2 years, but still received the full agreed payment? Score: Yes = 10 points Question: Do you employ any workers who contribute at least 25% of your turnover? Score: Yes = 35 points Question: Were you previously a PAYE employee for the client you are now a contractor for in the last financial year? Score: Yes = Minus 15 points Question: Have your business spent over £1,200 on advertising in the past year? Score: Yes = 2 points Question: Do you have a regularly updated business plan, and a dedicated business bank account? Score: Yes = 1 point Question: Would your business be financially liable for fixing any mistakes made? Score: Yes = 4 points Question: In the past 2 years, have you been unable to recover payment in excess of 10% of annual turnover? Score: Yes = 10 points Question: Do you invoice for contract work in advance or payment, and negotiate payment terms? Score: Yes = 2 points Question: Do you have the right to send a substitute if you are unable to work? Score: Yes = 2 points Question: In the past 2 years, have you actually supplied a substitute or hired a sub-contractor, while you remain responsible for their work and payment? Score: Yes = 20 points 5 THE IMPACT OF IR35 RATE PER HOUR 88% CHANGE IN TAX BURDEN £20 TAX ÎNCREĂSE DECREASE 24% PER MONTH TAKE HOME PAY RATE PER HOUR 63% |CHANGE IN TAX BURDEN £30 TAX INCREASE 23% DECREASE 2370 E PER MONTH TAKE HOME PAY RATE PER HOUR 44% CHANGE IN TAX BURDEN £40 TÂX INCREASE 22% DECREASE TAKE HOME PAY 70 EN63 PER MONTH RATE PER HOUR 35% CHANGE IN TAX BURDEN £50 TAX INCREASE 21% DECREASE SI015 PER MONTH ТАКE НОМE РAY Bedouin strategic woalth manngement WE ARE OUTSIDE OF IR35 CALL US ON 0845 519 2888 Bedouin Group proudly presents THE IR35 TEST TEST START DATE MAY 07 2012 TEST SAMPLE SIZE 62% MALE A1.4milion 38% FEMALE 3 IR35 TEST SCORING 10 0-10 points high risk of being affected by IR35 20 11- 20 points medium risk of being affected by IR35 21 21 points or more equals low risk of being affected by IR35 4 IR35 TEST STUDY GUIDE The full questions are expected to be published officially in early May, however the substance of the main questions are expected to be as follows:! Question: Do you own or rent separate office premises for your business? Score: Yes = 10 points Question: Do you need professional indemnity insurance? Score: Yes = 2 points Question: Have you had the chance to finish a project early over the past 2 years, but still received the full agreed payment? Score: Yes = 10 points Question: Do you employ any workers who contribute at least 25% of your turnover? Score: Yes = 35 points Question: Were you previously a PAYE employee for the client you are now a contractor for in the last financial year? Score: Yes = Minus 15 points Question: Have your business spent over £1,200 on advertising in the past year? Score: Yes = 2 points Question: Do you have a regularly updated business plan, and a dedicated business bank account? Score: Yes = 1 point Question: Would your business be financially liable for fixing any mistakes made? Score: Yes = 4 points Question: In the past 2 years, have you been unable to recover payment in excess of 10% of annual turnover? Score: Yes = 10 points Question: Do you invoice for contract work in advance or payment, and negotiate payment terms? Score: Yes = 2 points Question: Do you have the right to send a substitute if you are unable to work? Score: Yes = 2 points Question: In the past 2 years, have you actually supplied a substitute or hired a sub-contractor, while you remain responsible for their work and payment? Score: Yes = 20 points 5 THE IMPACT OF IR35 RATE PER HOUR 88% CHANGE IN TAX BURDEN £20 TAX ÎNCREĂSE DECREASE 24% PER MONTH TAKE HOME PAY RATE PER HOUR 63% |CHANGE IN TAX BURDEN £30 TAX INCREASE 23% DECREASE 2370 E PER MONTH TAKE HOME PAY RATE PER HOUR 44% CHANGE IN TAX BURDEN £40 TÂX INCREASE 22% DECREASE TAKE HOME PAY 70 EN63 PER MONTH RATE PER HOUR 35% CHANGE IN TAX BURDEN £50 TAX INCREASE 21% DECREASE SI015 PER MONTH ТАКE НОМE РAY Bedouin strategic woalth manngement WE ARE OUTSIDE OF IR35 CALL US ON 0845 519 2888