This solution is great if you are new to contracting or if you do not have a self-employed status with HMRC.
Benefits of the CIS Umbrella service:
- You work through a Ltd Company
- You have an ‘Employed’ status – PAYE
- Tax and NI are deducted on your behalf
- You can gain Tax and NI relief on expenses every pay day
- You are covered for EL and PL, offered by our brokers
- No admin, no hassle, and very cost effective
- No payroll or accounts knowledge needed
- Text message confirmation on pay day
- You don’t need to submit a tax return at the end of the year
What next?
- You register with our CIS Umbrella PAYE service
- We take care of all admin, invoicing and payments on your behalf
- You submit your timesheets each week/month to us, we then invoice your client/recruitment agency directly
- You submit your work related expenses to us at the same time as your timesheet – we will process your expenses against your payments to reduce your tax liability
- We cover you from the first day of work (via our brokers) for Employers and Public Liability Insurance
- We can offer access to a range of other insurances
- We charge a small admin fee, only for the weeks you work
- There are no hidden charges like set up or cancellation fees