Curious as to whether or not you’ll still have to pay corporation tax under IR35? If you are working on an assignment that falls within the IR35 legislation then the good news is that there should be no corporation tax to pay.  This is because in order to be compliant you should be paying your taxes as a normal employee i.e. PAYE, NI etc instead.  In other words when you use the services of an Umbrella Company you are in fact becoming an employee of that Umbrella, you’ll not be using your own Limited Company and so there are no corporation taxes to pay.

One of the other benefits of using an Umbrella as well is that as you are working as an employee there is no need for you to arrange and pay for your own insurances.  Any reputable Umbrella Company will have insurances in place to in order to protect itself, its employees and any clients.  So whilst there are obvious costs associated with assignments that fall inside IR35, by taking advantage of a good Umbrella there are some savings to be made both in terms of money and especially administration.  Of course Quad Management have all this in place, we specialise in making life as simple as possible for contractors who find themselves with work assignments placed inside IR35.