Download our Margin Calculator which helps you understand the impact that IR35 may have on your profit margins and watch this short video which provides guidance on how to use it.
As part of our series of blogs on IR35 Off-Payroll Reform, Marie Pegram, Partner and Recruitment Industry Specialist at UHY Hacker Young provides guidance on how to use our Margin Calculator.
The calculator aims to help you understand the additional costs of employing your contractor, and the impact that IR35 may have on your profit margins. Within this simple Excel based calculator, you can enter the pay rate of the contractor, the margin you wish to maintain, and it will calculate the additional costs and what your charge rate should be.
For more information on IR35 please read our latest blog: IR35: understanding the impact of employing those contractors ‘within the scope’ of IR35
Please download the Margin Calculator below.