Contractors who provide their services through intermediaries, such as their own limited companies, run the risk of unwittingly being caught by IR35 if they’re not careful. This can result in a substantial bill for extra tax from the taxman.
An essential task for any contractor is to avoid an IR35 investigation, below are a few steps you can take to avoid one, making sure IR35 will not apply to you.
Make sure your tax returns are completed correctly and on time, any errors and you could put yourself on HMRC’s radar and arouse inspector’s suspicions that you may be making further mistakes. Hiring an accountant to submit tax paperwork can significantly reduce your chance of being targeted for an investigation.
There’s really no such thing as an IR35 proof contract, but paying for a contract review is essential, when you get your contract, have it professionally reviewed by an expert who can identify any clauses that may be badly worded and could put you inside IR35 from the outset.
You should always operate under “Contract for services” arrangement, as a business to the business service provider through your limited company. If you are named within a contract it may compromise this business relationship and an overzealous HMRC inspector could interpret the working relationship as an employment contract of service.
Keep the client at arm’s length, avoid being on any organisation charts, having business cards, getting any benefits that are normally given to staff, don’t become part of the company furniture so try and avoid becoming part and parcel of the organization.
Hopefully, by following the above and adhering to the IR35 rules you should avoid any costly bills from the taxman.
The cambelt or timing belt is one of the most important serviceable components that needs replacement at the right time and with the right service company. The internal combustion engine hosts the cambelt to carefully synchronise the rotation of the crankshaft and the camshaft, thus, enabling the engine to perform its functionalities of opening and closing the cylinders during intake and exhaust strokes with perfect timing. A break in the timing can prove to be fatal to the engine as this belt secures the piston from heavily striking the valves of the engine. With such a crucial role in the working of your Skoda engine, it becomes a necessity for you to keep a close eye on the cambelt at all times and ensure that you take your Skoda cambelt change seriously.
SKODA Cambelt Change Due to Wear & Tear
The wear and tear of the timing belt or cambelt for Skoda automobiles normally sets in with the hard travel of around 80,000 miles. Either you go by that or have your service stations check for the validity and functioning of the belt every 4 years. This will ensure that you aren’t running on the lines of danger if your car engine is pumping on an old and easy rupture-prone cambelt.
For Skoda users, we highly recommend that if you have either completed 80,000 miles or running the car for a good 4 years, you ought to get your vehicle to your trusted Skoda service station or Skoda dealership centre for more information on the health of your cambelt. Once your cambelt is checked by our team of experts, spread all across the nation, we will get to replacing your cambelt before it costs you a fortune to replace the entire ruptured engine.
So, if you want to save your hard-earned bucks and also increase the longevity of your Skoda automobile, visit your nearest Skoda service station today for a Skoda cambelt change!