HMRC launch investigation into self employed workers.
It can be expected that companies in the construction industry engaging self-employed contractors will be facing an investigation into their employment practices in the coming months.
It was recently announced that HMRC are launching a specialist unit to investigate companies that avoid paying workers with statutory rights and protections by wrongly classifying them as self-employed.
The new HMRC unit will be called the Employment and Intermediaries team and they will investigate companies that use large numbers of self-employed workers. HMRC state 'If we find that companies have misclassified individuals as self-employed, we will take all necessary steps to make sure that they pay the appropriate tax, NIC's, interest and penalties.'
Navigating the ins and outs of HMRC policy around CIS is difficult, especially for those who don't have knowledge and experience of the system. If you have concerns about the status of your subcontractors then call us and we will talk you through the HMRC guidance.
We act as the 'Rock' between you and your worker, engaging your worker on a contract for services.
This means that we:
- Enable you to payroll subcontractors on a long term basis
- Indemnify you from any tax liabilities and potential fines from HMRC
- Indemnify you from any potential employment rights claims from any worker.
- Reduce your administration and payroll costs
- Save you time leaving you able to focus on growing your business
- Give you peace of mind that you are paying your workers compliantly
We do this by:
- Working with you and providing a tailored service
- Completing detailed self assessment forms and contracts with the worker guaranteeing their tax and employment status with quarterly reviews
- Working with leading tax and accountancy partners who have audited our paperwork
- Working strictly within the constantly changing HMRC legislation guidelines
- Offering a 100% compliance guarantee
For the construction industry, labour only subbies are a valuable asset, essential as a driver of business growth.
Here at Rock, we take our responsibilities to you seriously, we deplore false employment and our engagement and paperwork process has been developed to ensure every operative is lawfully contracted. Our process and systems have been fully audited by tax advisors to ensure 100% compliance and protection for our clients.
Why take the risk? For a no obligation visit and a completely free audit of your subcontractor payroll process , call us now on 0871 288 7011 or email [email protected]