Freelancers beware

New IR35 legislation from 5 April 2017 has caused much anxiety for doctors working for hospital trusts, including via an agency. James Gransby reports.

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Whom does it affect?

The legislation affects anyone providing personal services to a ‘public sector body’ (PSB) through a limited company, including NHS trusts, GP practices and other health bodies. And it applies where services are given via agencies.

If your contract is caught by IR35, then the trust or other end client will deduct income tax at the 20% basic rate and employees’ National Insurance contribution (NIC) at the appropriate rate for the size of payment and withhold these amounts from the payment made to your company.

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Dosh