Limited Company
A business structure offering limited liability to its owners.
Learn More
Limited Company Contractor
A contractor operating through a limited company.
Learn More
Limited Liability
Protection for company owners against business debts.
Learn More
Loan Charge
HMRC policy targeting disguised remuneration schemes.
Learn More
Lower-Level Contract
A contract between the contractor and intermediary.
Learn More
Mutuality of Obligation (MOO)
An IR35 test that evaluates the obligations between a client and a contractor.
Learn More
National Insurance Contributions
Payments made to fund state benefits.
Learn More
Off-Payroll Working Rules
Regulations shifting IR35 responsibility to clients.
Learn More
Outside IR35
A contract exempt from IR35 rules.
Learn More
PAYE (Pay-As-You-Earn)
The UK system for collecting income tax and NICs.
Learn More