Been looking into freelancing for a good while now. Just recently I was offered a chance which I have all but accepted. The question I have surrounds the whole IR35 thingy and ltd companies.. I have been tols that the role I am undertaking is inside IR35 and that is that. However, I have more opportunities to in other contracts as well as this one - although this one to begin with, will be the main source of income. Can I/ is it worth setting up a ltd and using it to deal with everything, including the IR35 income so that the other opportunities can be part of the ltd company and thus more efficient in terms of drawing an income from or writing off expenses?
