IR35: Computation - Question 16
A "Contract of Employment" may stipulate designated salary (which may even have been voted upon by the company's directors). How does this dovetail with HMRC's decree of 95% deemed emoluments attributable to the employee as employment income?
The legislation does not require any amount of salary to be paid to the worker. The IR35 deemed payment is simply part of the calculation of the correct tax and NIC liability.
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