Contractors Umbrella Company What Is Included In The Service You Provide To Contractors

Agency Checklist

Contractors Umbrella Company is a compliant PAYE Umbrella Company, adhering to all HMRC guidelines.

Contractors Umbrella Company employs its contract worker(s), and so assumes all responsibilities for the individual  - relieving the recruitment agency of all employment related obligation(s).

All contractor employees have a written contract complying with s1-7 of the Employment Rights Act 1996 (ERA) and the Employment Act 2002.

Contractors  Umbrella Company's over-arching employment contract specifically tailored for contractor employee workers undertaking a series of temporary assignments.

Employment contract features

• Salary not less than National Minimum Wage.
• Hours worked monitored to comply with Working Time Directive.
• Employers Liability, Public Liability & Professional Indemnity insurance(s).
• Verification of individual contractor employee's Right to Work.
• Contractor employees commit to a Health & Safety policy.
• Holiday Pay - option to accrue/include holiday pay.
• Sick Pay - paid in compliance with employment legislation.
• PAYE & NIC - deducted at source and paid directly to HMRC.
• Staff Handbook - available to all contractor employees.
• Staff Pension - access to a stakeholder pension scheme.

Expenses Policy

• Sophisticated tracking software validates all expense claims including date, location(s) and value cross-checking.
• Safeguarded against HMRC investigation via a protective & detailed work related expenses policy.
• The widely discredited ‘dispensation' and ‘scale rate' expense schemes are not offered.
• As required by HMRC, proof of work-related expense claims required.
• Contractor employees sign a declaration to explain & validate temporary work places.

Safeguards and Guarantees

• Contractors Umbrella Company differentiates funds in relation to: contractor employee's income, tax liabilities and trading income.
• Standard assurances from our banking supplier as to their treatment of client funds.
• Set procedures are in place to repay funds remitted incorrectly or in error.

Structure & Declaration

• A UK company registered in England, Incorporation number 07360030.
• VAT reference 997 6058 53
• Registered PAYE reference  - Call Office for details
• Calculates and deducts PAYE & National Insurance Contribution taxes, having considered legitimate & validated contractor employee business expenses.
• All contractor employees are employed directly by Contractors Umbrella Company.
• Engages with contractor employees directly and not via any 3rd party.
• No monies are ever diverted to any offshore facility.
• Fees charged are based on a previously declared fixed amount.
• Contractor employee payments are processed the same working day incoming funds are received and identified.

Assurances

• IR35 does not apply in any way, shape or form to Contractors Umbrella Company contractor employees.
• Contractors Umbrella Company is not an MSC, under the Finance Act 2007.
• Contractors Umbrella Company does not operate as an employment agency or business.

Representation

• Contractors Umbrella Company is clear & honest throughout its marketing.
• Pricing and service is published in a way that reinforces our declared intention of remaining transparent at all times.
• Prices advertised are those which are actually paid by our contractor employees.
• There are no additional charges levied, which have not been previously made clear.
• All contractor employees understand payment time scales and cycles.
• Where assumptions are made to demonstrate payment illustrations or benefits, such factors are declared.