Is Our Hybrid Model for You?
Have you been trying to find the most tax efficient contracting solution? Just for you?
Finding a contracting solution that works with you can be a nightmare, especially if you are new to the world of contracting. At Pendulum Contracting Services we guide you through the mire of complex and legal legislation governing these areas so that you are clear on the kind of contracting solutions that fit with your needs.
At Pendulum Contracting Services Limited we operate a Hybrid self-employed PAYE solution for contractors who wish to remain self-employed, but whom are subject to direction supervision or control within the workplace. Despite being subject to PAYE subcontractors retain their self-employed status. Contractors under the Hybrid Scheme are also able to reclaim expenses and are not exposed to worker or employee liabilities. We provide Contractors with a bespoke online portal for uploading any expenses or time sheets, which greatly reduces any administrative burdens. We have external audits in place to ensure that all claims received are correct.
As part of our engagement process, we conduct a very detailed assessment of your working practices. This helps us to identify the correct supply terms to ensure that both you and any sub-contractors are 100% compliant with all employment and tax legislation. Our Hybrid model embraces the legislation for genuinely self-employed contractors who are caught by the amendment to Part 2, Chapter 7, Section 44, Income Tax (Earnings and Pensions) Act 2003 (“the Agency Legislation”) which, from 6th April 2014, requires individuals who are subject to Supervision, Direction or Control on assignment to be paid subject to deduction of PAYE and National Insurance Contributions.
Retain Your Self-Employed Status
Contractors will be employed for the purposes of employment tax but retain their self-employed status for employment law purposes. As part of our engagement process we ensure all employment regulations are used to assess the contractors’ eligibility. We will also process travel expenses and other qualifying expenses such as PPE and accommodation, where eligible. All submitted expenses are subject to audit and you may be selected on a periodic basis.
Benefits To You
Guaranteed & accurate payment & Fast effective communications.
Competitive margin structures & Complete expense verification and approval platform.
Retain maximum flexibility of being a self-employed individual.
You choose the assignments you want to accept and we deal with invoicing and tax payments.
Your income tax is deducted at source and so you can trust that all your tax liabilities are up to date.
