Income tax - IR35, contractors and interim work - What to consider for the next day rate role - VMAGROUP

​Inside and Outside IR35: What Contractors Need to Consider for Their Next Day Rate Role in 2022

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​Inside and Outside IR35: What Contractors Need to Consider for Their Next Day Rate Role in 2022

Within the last year, we have seen a huge rise in the opportunities within the communications, digital and marketing industries. However, as job vacancies are at an all-time high, working on a contract or interim basis is now more lucrative than ever before.

When entering the contractor market, you are probably thinking about the new, exciting projects and the vast amount of experience that you will gain… But to ensure that your day rate is paid correctly, you will need to determine whether your contract is inside or outside IR35.

What does inside IR35 mean?

Introduced in April 2000, the off-payroll working rules ensure that contra