Will IR35 affect your business?
The rules will not apply to small businesses. According to the UK’s Companies Act 2006,
a company is considered to be ‘small’ if two or more of the following conditions are met:
-
The company turnover is less than £10.2 million
-
The company does not have a balance sheet total of more than £5.1 million
-
The company has less than 50 employees.
