SDS (Status Determination Statement)
A formal IR35 status decision issued by a client.
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Self-Assessment
A tax return system for self-employed individuals.
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Self-Employment
Working independently without employment ties.
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Small Company Exemption
Exclusion of small businesses from IR35 reforms.
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Sole Trader
An individual running a business alone.
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Statement of Work (SOW)
A document outlining deliverables for a project.
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Status Tests
Criteria used to assess IR35 status.
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Statutory Payments
Legal entitlements paid to employees.
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Substitution
The ability of a contractor to provide a replacement to perform work.
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