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Does your agency provide contractors to the Public Sector?

If you place individuals who operate through their own limited company with public sector organisations, then from April 2017 the responsibility for assessing whether the intermediaries’ legislation (IR35) applies and the deduction of appropriate taxes will fall to you.

It’s a game changer for all parties in the contractual process.  In a nutshell, that’s extra administration and potential hassle for your agency.

Concerned?

Talk to our team today and learn how our new Amulet service could be the practical solution for all of your limited company contractors…

Request a call back now

From April 2017, new IR35 rules will apply to contractors who work on government contracts through their own limited company.  Those that work through an umbrella structure will be unaffected.

The new rules will see the responsibility of paying the correct tax move from the contractor and their limited company to an intermediary or entity “closest” to the contractor.  If you are placing these contractors on government or public sector contracts – then your agency is the closest party to the contractor.

So what does this mean for your agency? 

You will need to ensure

  • Correct tax is calculated and deducted from the placement fees received
  • Correct reporting under RTI
  • Collecting and paying away tax revenues to HMRC

Do you have a solution to mitigate the risks?

We believe that you have 3 options:

  • Require your contractors to work through an umbrella structure for their government contracts
  • Run the ‘Deemed Direct Payment’ calculations and RTI reporting for all PSC’s caught by the new rules. This includes making deductions and onward payments to HMRC
  • Engage Pulse Accounting and offer our Amulet service to your limited company contractors

Why Choose Amulet?

Working with contractors who have a PSC is what Pulse Accounting was created to do and does well.  Running payroll for contractors is our bread and butter. We already have the systems and capability to undertake all the responsibilities of the ‘Fee Payer’ under the terms of the new rules. This ensures compliance for you and the contractor.

Amulet is essentially an Umbrella company for PSC’s caught by the new rules so you simply pay Pulse, and we pay the PSC.

Reasons to choose Amulet:

   Our seamless service removes the risk and challenges to your agency

   No additional cost to your agency

   Compliant solution to the new off-payroll changes for both agencies and contractors

   We ensure compliance for every part of the supply chain

   We work independently of the contractor’s limited company

   We will assess the working arrangements and establish if it is “in” or “out” of employment legislation

   If caught within the regulations then we will calculate and pay away the necessary PAYE and NICs deductions

   We will undertake the correct reporting under RTI

   We understand the differences between government contracts vs private sector contracts

   We are experienced contractor accountants who are there to support you 24/7

Interested?

Download our agency brochure 


Call us: 0161 300 9675

Email us: info@pulseaccounting.com

Alternatively fill out the contact form at the bottom of this page and a member of the team will get back to you shortly.