123 Extra

Freelancer Tax Protection

Ltd Company Formation

The 123 Way

What is included as standard for a fixed fee of £65.00 + vat per month:

Full Contracting health check - is your business performing as best it could - we'll ensure it is.

If you're new to freelance contracting, we'll ensure you start trading in the right way.

Then you can sit back and relax, your ongoing HMRC & Companies House compliance will be taken care of.

The 123 Way - simple & stress-free.

The bulk of IR35 enquiries start with a PAYE compliance visit or an enquiry from a tax return and could possibly end up at a Commissioners' Hearing. For this reason Qdos Freelancer Tax Protection is an absolute must for all freelancers, affording total peace of mind in the event of a PAYE compliance visit or enquiry.

Your case will be handled by one of our team of tax specialists and fees that you would otherwise have to pay for representation are covered under the policy. All this for a very competitive premium of £115 (including Insurance Premium Tax) per annum.

More and more people are turning to Qdos to supply peace of mind. Our insurance products and tax expertise are comprehensive and extend far beyond IR35 issues. For your information Qdos Freelancer Tax Protection is the first Tax Enquiry Insurance product to include attendance and representation during PAYE compliance visits through to Tax Tribunal (formerly Commissioners’ Hearing) if required.

The insurance is run on a 'claims made' basis. This means that you renew the policy annually and will be covered if you have the insurance in place when you receive notification of an enquiry. Retrospective tax years are insured.

Freelancer Tax Protection includes:
1. Qdos representation and attendance in the event of a PAYE compliance review

2. Insurance of fees up to £50,000 incurred representing you in defence of:
* An IR35 dispute
* A PAYE/NIC dispute
* A VAT dispute
* A HM Revenue & Customs aspect enquiry
* A HM Revenue & Customs full enquiry
* A Section 660A dispute

3. Includes weak cases to Commissioners’ Hearing if required.

4. You will also automatically be enrolled in the Qdos Freelance Club Plus (see next page for details).

Business Banking

Professional Insurance

Professional Indemnity

Public & Employers' Liability

Freelancer Tax Protection

Freelancer Legal Protection

Contract Review

Mortgages, Pensions & More...

Money Transfer Service

Visa Service

123 Income Illustrator

The 123 Income Illustrator shows you what you can expect to take home from a given contract.

It also compares the differences between freelance contracting through your own Limited Company, through an Umbrella Company, as a Sole Trader or if you were to return to full time employment.

The123 Income Illustrator

Insurance packages

To make life easier, 123 Contracting have designed 3 different insurance packages for you to choose from. We have also negotiated discount rates for 123 Contracting clients.

1. Starter cover

- Professional Indemnity
- Freelancer Tax Protection
from £22.00 per month

2. Best seller cover

- Professional Indemnity
- Freelancer Tax Protection
- Contract Review
from £29.00 per month

3. Comprehensive cover

- Professional Indemnity
- Freelancer Tax Protection
- Contract Review
- Freelancer Legal Protection
- Public & Employers Liability
from £40.00 per month