IR35 Glossary: Your Guide to Key Contracting Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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