IR35 Glossary: Your Guide to Key Contracting Terms

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Employment Language

Phrases in contracts suggesting employment.

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Employment Rights

Legal protections for workers and employees.

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Employment Status

The classification of a worker as employed or self-employed.

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End Client/Engager

The entity benefiting from the contractor’s work.

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Fee-Payer

The party responsible for tax deductions under IR35.

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Fixed-Term Contract

A contract with a predefined duration.

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Flat Rate VAT Scheme

A simplified VAT scheme for small businesses.

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Freelancer

A self-employed professional offering services.

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Gross Profit

Revenue minus the cost of goods sold.

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HMRC

The UK government department responsible for tax collection.

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