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Off Payroll IR35 Specialist London

Off Payroll IR35 Specialist London

Scott Merrick Contractor Consulting (SMCC) works as an off payroll IR35 specialist Londonwith companies throughout London and the UK. We have a wealth of experience gained from years of providing contract staffing and payroll services to companies who regularly hire specialist contractors and consultants. As an off payroll IR35 specialist we provide a protective link between hiring companies and contractors.

Many self-employed contractors use personal service companies (PSCs) to supply their services to their clients or hiring companies, saving tax and national insurance which is why HMRC introduced IR35 as a way of combatting the risk that PSCs and other intermediaries posed to the tax base.  In essence this asks whether that contractor should be regarded as an employee of the hiring company engaging them. Off payroll PSC contractors, freelancers and consultants are not on the company PAYE payroll as they are brought in on a contract basis. If you are PSC contractor, hired by a company to work on an hourly, daily or contract basis because the hiring company does not have your skill set or expertise inhouse, you may be engaged as a specialist to bring them up to speed. If you are a hiring company looking to take on off payroll contractors, SMCC can guide you through the mine field of HMRC rules and regulations.

SMCC can act as your off payroll IR35 specialist London whether you are a contractor or hiring company looking at the most tax efficient way of hiring a contractor. We can manage off payroll consultants and save hiring companies money and time by providing off payroll IR35 specialist services, taking care of all matters relating to engaging and paying contractors. As your off payroll IR35 specialist we bring in key PSC contractors quickly and efficiently while providing hiring companies the security and peace of mind needed in line with the latest government, HMRC, and industry guidelines regarding relationships with off payroll IR35 contractors.

Determining off payroll IR35 employment is not always clear cut and it is often necessary to seek specialist advice.  Although there is no obligation to use the government’s new online tool (the CEST) for this purpose, the advantage of doing so is that HMRC will be bound by the output of the service, unless it has been obtained fraudulently.

As your off payroll IR35 specialist London, SMCC can step in to resolve problems or tensions. As your off payroll IR35 specialist, we manage any concerns regarding hiring skilled PSC consultants on a contract basis.  We work with in-house teams to achieve minimum disruption, streamline payments and invoicing to retain key contractors. If you need an off payroll IR35 specialist London contact SMCC today by calling 01277 211151 or by email.

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PSC Management Consultant London

PSC Management Consultant London

Are you looking for a PSC management consultant in London?

Scott Merrick Contractor Consulting (SMCC) works as a PSC Management Consultant with hiring companies, recruiters and contractors throughout London and the UK. We have a wealth of experience gained from providing contract staffing and payroll services and are excited to introduce our umbrella services. SMCC work closely with HMRC to offer best in class PSC Management Consultant servicesand are an IR35 specialist providing a protective link between hiring companies and PSC contractors.  We work tirelessly on behalf of contractors and hiring companies in London and throughout the UK to mitigate risk and save time and money through our specialist expertise and services.

SMCC take care of all matters relating to engaging, onboarding, managing and paying PSC contractors or consultants. We enable hiring companies to bring in key PSC contractors quickly and efficiently while providing hiring companies the security and peace of mind needed in line with the latest government, HMRC and IR35 guidelines.

Benefits of using SMCC as your PSC Management Consultant London

SMCC is an experienced specialist PSC management consultant  and work with a number of London based companies, agencies and contractors. We take care of the crucial gap in company inhouse expertise and knowledge relating to the legal requirements of hiring and paying PSC consultants and contractors. We protect both parties through screening, running checks, payments, invoicing and drafting contracts, to ensure that all legal obligations are met and are HMRC compliant. We also protect hiring companies from any direct relationship issues that can be encountered when hiring consultant contractors. We provide a fast, reliable service whilst remaining alert to ever-changing HMRC regulations. As your PSC Management Consultant, we work closely with all parties to ensure a mutually beneficial contract agreement that covers the following:

  • Confidentiality
  • Dispute resolution
  • Indemnity from tax and NI and more
  • IR35 status
  • Ownership of intellectual property rights
  • Payment & billing terms, including advance payments and late fees
  • Scope of work, timeline & milestones
  • Termination conditions

PSC Management Consultant London

If things should go wrong, SMCC can step in to resolve problems or tensions. As your PSC management partner, we manage any concerns regarding hiring skilled consultantson a contract basis.  We work with in-house teams to achieve minimum disruption, streamline payments and invoicing to retain key contractors. If you need a PSC Management Consultant London contact SMCC today by calling 01277 211151 or by email.

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PSC Contractor London

PSC Contractor London

Are you a PSC Contractor in London?  

Whether you are a PSC contractor London or anywhere in the UK you probably provide your specialist services via an intermediary, such as your own Limited company or an umbrella company; collectively known as a personal service company or PSC.

HMRC often substitute the term “PSC” for “intermediary” in their consultation documents. The IR35 rules and legislation is also referred to as “the Intermediaries legislation” and doesn’t just apply to companies. Provisions extend to partnerships and individuals which stand between the end-users (hiring company) and the individual whose services are supplied (contractor).  The use of PSCs to avoid tax is one of the prime targets of the IR35 legislation, which seeks to ensure that employment taxes are paid on employment-type relationships.

Surprisingly, the term PSC, isn’t legally defined, which means hiring companies and PSC contractors are getting nervous about the vague employment legislation with regard to engaging specialist consultants or contractors. The government is indicating that they will require hiring companies to provide specific reasons for each IR35 status determination and, if necessary, introduce a hirer-led status challenge process. Through this, a PSC contractor would be able to put forward evidence to appeal a decision which is good news as it provides PSC contractor London a route to challenge decisions and should also ensure that hiring companies take their responsibilities seriously and exercise ‘reasonable care’ in their status decisions. They will have to have good reasons for each outcome and PSC contractors now have some comfort that, if a decision seems unfair, there is a ‘right to reply’ and a process to review evidence.

PSC Contractor London

PSC contractors caught by IR35will no longer be able to claim tax relief for pension contributions or deduct a 5 per cent allowance for expenses, further reducing PSC contractors take-home pay, and could mean that being a PSC contractor is no longer financially preferable to PAYEemployment. Unfortunately for PSC contractor London or the UK, there is nothing in the consultation about the incoming burden for contractors of having to assess whether the end-user is exempt from the off-payroll rules each and every time a contractor begins with a new client.

If you are currently among the thousands of PSC contactors working in London, you should start having serious conversations with your recruiter and hiring company now. If you are concerned that you fall within the scope of IR35, this doesn’t have to mean the end of your contracting. If you are understandably concerned about your PSC contractor status and how IR35 will affect you or your hiring company in London please contact SMCC today by calling 01277 211151 or by email.

We will be happy to discuss your concerns and apply our experience and expertise to offer a bespoke solution.

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