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IR35
A United Kingdom’s anti-avoidance tax legislation and applies to those working ‘off payroll’.
The IR35 is the United Kingdom’s anti-avoidance tax legislation and applies to those working ‘off payroll’. The label IR35 actually came from the press release that announced the legislation in 1999. The purpose of the IR35 is to determine whether someone is actually self-employed rather than a ‘disguised’ employee, for the purposes of paying taxes.
Related Glossaries
Off-boarding
Offboarding is the process that leads to the formal separation between an employee and a company.
Contractor
A contract employee (or self-employed worker) is not considered a permanent employee.
PTO
PTO stands for Paid Time Off.
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