Qdos TLC35 is our revolutionary IR35 insurance, providing total peace of mind for contractors.
TLC35 covers not only representation costs, but also additional tax, NIC, interest and penalties arising from a HM Revenue & Customs enquiry. So, if you are subject to an IR35 enquiry and are subsequently found to be 'caught' by the legislation, the policy will cover all resultant fees.
1. Full Qdos representation in the event of:
- A PAYE compliance review
- An IR35 dispute
- A PAYE/NIC dispute
- A VAT dispute
- Any HMRC aspect enquiry
- Any HMRC full enquiry
2. IR35 tax/NIC liabilities up to £50,000, £75,000 or £100,000
5. Backdated tax years fully covered
The insurance is run on a 'claims made' basis. This means that the policy will cover claims which arise and are notified to our claims department whilst cover is in force. Retrospective tax years are insured.
Section 660A/Income Shifting Add-on For an additional premium of £252 per annum you can also include cover for tax, interest and penalties as a result of a Section 660A enquiry. This option can be selected on the application form.
How much cover do I need?
We obviously offer higher limits of indemnity if required, but it’s sometimes difficult to work out what you actually need. In deciding on your level of cover you should consider:
- How long you have been contracting
- Whether you’ve worked at the same client for a prolonged period of time
- What your average daily rate has been
You can use our handy calculator to get a rough idea of what your tax liability could be. Note that this does not include interest and penalties, which will generally make up a sizeable chunk of any liability.
If you have any queries regarding this policy please do not hesitate to contact the Qdos freelance team.
Statement of Demands & Needs
When purchasing a product from our shop you will first be asked to register for an account. Once you have completed our online application form and made payment, you will be able to log into your account to view your policy documents or product information.
It is important that before deciding to purchase a Qdos product you consider whether the insurance is appropriate for you.
You should read thoroughly all the product information we have made available to you, in particular the Specimen Policy Wording together with the Summary of Cover (Key Facts) before deciding to purchase your chosen product. These documents contain the full Policy Terms and Conditions.
Please note that you are basing your purchase solely on your own interpretation of the information we have provided.