Limited or PAYE - that is the question?
All freelance workers should enter into a contract with Hill McGlynn prior to commencing work for us. We have two forms of contracts:
If you wish to read the contracts please click on the appropriate one above. If for any reason you do not believe you have a contract in place then either contact your consultant or the Payroll Team.
The terms are designed to reflect the nature of the relationship between the two parties. For example a Limited company would be expected to hold insurance as a separate legal entity so this is included in the Limited Company Contract.
Limited Companies
Many of our freelancers are paid via another limited company (either their own or a payroll provider). Hill McGlynn wish to ensure all such companies are bona fide and as such there are criteria which must be met to allow us to pay through a limited company.
If you wish to be paid via your own personal company please download our “Supplier Questionnaire” and complete as best you can. If you have any queries we have a dedicated email address subbies@hillmcglynn.com.
The questionnaire enables us to obtain all relevant information about your company so we can comply with various statutory requirements.
For these workers who wish to use a payroll provider we have a similar process to ensure compliance. However we have made this considerably more detailed to ensure we have some understanding of the product offered.
As a result of the review we have a number of preferred suppliers which we believe offer better value and service levels than other payroll providers you may come across.
Payroll providing companies must normally have a CIS card. We are unable to pay funds offshore for work done in the United Kingdom in any circumstances.
VAT
We recommend all Limited Companies to join our self – billing scheme which has been approved by HMRC. “Click here to apply”
If you join this scheme we will automatically raise a VAT invoice for you to match each timesheet. If you do not join then we have to wait for you to send us a VAT invoice which may delay payment.
