IR35 Pro is a fully managed service that provides legal expertise in IR35 compliance, ensuring accurate assessment and documentation for contractors to work outside IR35 regulations. By mitigating the risks associated with HMRC inquiries, the platform enables medium and large enterprises to attract top freelance talent while achieving significant cost savings.
Funding
$200K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many medium and large enterprises struggle to accurately assess and manage IR35 compliance for contractors, leading to potential misclassification, financial losses, and risk of inquiries from HMRC (Her Majesty's Revenue and Customs). Incorrectly classifying contractors inside IR35 can result in increased costs, while incorrectly classifying them outside IR35 can lead to significant tax liabilities and penalties.
Solution
IR35 Pro offers a fully managed service that provides legal expertise to ensure accurate IR35 compliance, enabling companies to compliantly engage freelance talent outside of IR35. The service includes comprehensive assessment, documentation, drafting, and continuous monitoring throughout the entire assignment. IR35 Pro assumes responsibility for correct assessment and documentation, providing legal protection in the event of an HMRC inquiry. By outsourcing IR35 management, companies can reduce costs, attract top freelance talent, and focus on project delivery without the burden of complex compliance requirements. The service adheres to HMRC's "reasonable care" requirement, mitigating risks associated with IR35 regulations.
Target Audience
The primary target audience includes medium and large enterprises in the UK that engage freelance contractors and are seeking to compliantly manage their IR35 obligations.
Features
- End-to-end managed service covering assessment, documentation, and monitoring for the duration of the contract.
- Legal expertise ensuring compliance with IR35 regulations.
- Frontline support and communication with HMRC on behalf of the client.
- Comprehensive risk coverage, satisfying HMRC’s “reasonable care” requirement.
- Legal protection in the event of an HMRC enquiry.
- Proprietary calculator to estimate potential cost benefits.
- Simple monthly subscription model.