Ensuring compliance with IR35 regulations is critical for insurance businesses engaging with contractors. Failing to determine IR35 status correctly can lead to severe consequences, including financial repercussions and reputational damage. Conducting a thorough IR35 audit can help you mitigate risks and remain compliant.

Are you working within IR35 regulations?

The Risks of IR35 Misclassification

Misclassification of IR35 status can incur a number of penalties, such as back-dated tax payments and substantial fines. Businesses that fail to adhere to IR35 regulations may face costly legal battles and increased scrutiny from HMRC. Compliance is essential to avoid financial losses and to maintain trust within your industry.

How Vermelo Ensures IR35 Compliance

Vermelo offers a comprehensive IR35 audit to assess whether your business is correctly recognising contractor status. Key factors include whether contractors’ control how they work, assume business risks, or use company equipment. We also evaluate whether regular status reviews are conducted and whether auditable documentation is maintained. These checks ensure that your organisation remains within legal boundaries and avoids unnecessary risks.

The Benefits of Proactive IR35 Management

By proactively managing IR35 compliance, your business can confidently navigate the regulations and avoid costly penalties. Our audit processes as RPO recruitment specialists illustrate how you can work within the rules, offers expert guidance on the next steps, and alleviates the administrative burden associated with compliance.

Stay Compliant and Protect Your Business

Don't let IR35 uncertainty put your business at risk. Contact us today to ensure you are working within the regulations while protecting your organisation's future.

01892 553360 | Info@VermeloRPO.com