Hi,
I am new to contracting and have just got my first contract (before you say, yes I know probably worst time in history to go contracting ). The agency have asked me to fill out a compliance form which has a dozen or so questions, two of which are below:
1) I am a sole director and shareholder of my own personal service company.
2) I work for my company under a director's service agreement or employment contract, and the company operates PAYE and NIC on all my income and/or I pay tax on any dividends.
If I disagree with any of the questions, they're asking for an illustration showing the contractual chain between me and the agency and the distribution and taxation of payments I receive from the agency.
Are these questions normally asked by agencies?
My wife is also a director so I will have to disagree with question one, but am I really required to share with the agency how payments are distributed by the company? I don't see why it is any of their business? If I do have to provide it would my accountant be able to advise on what to send?
On question 2, I don't have an employment contract as I am a director not an employee so do I need to have a director's service agreement drawn up?
Thanks for any help.
I am new to contracting and have just got my first contract (before you say, yes I know probably worst time in history to go contracting ). The agency have asked me to fill out a compliance form which has a dozen or so questions, two of which are below:
1) I am a sole director and shareholder of my own personal service company.
2) I work for my company under a director's service agreement or employment contract, and the company operates PAYE and NIC on all my income and/or I pay tax on any dividends.
If I disagree with any of the questions, they're asking for an illustration showing the contractual chain between me and the agency and the distribution and taxation of payments I receive from the agency.
Are these questions normally asked by agencies?
My wife is also a director so I will have to disagree with question one, but am I really required to share with the agency how payments are distributed by the company? I don't see why it is any of their business? If I do have to provide it would my accountant be able to advise on what to send?
On question 2, I don't have an employment contract as I am a director not an employee so do I need to have a director's service agreement drawn up?
Thanks for any help.
Comment