Why should your agency and/or client care whether you are compliant?

• The threat facing non-compliant contractors, clients and agencies
• The new HMRC guidelines
• How do I decide if I am employed or self-employed?
• What happens if I make the wrong decision about my employment status?
• So how does Tarpon ensure full compliance for contractors, clients and agencies?
• Why should your agency and/or client care whether you are compliant?
• But won't I be OK if I set up my own limited company or use a Personal Service Company?
• Tarpon's credentials and compliance

Agencies and clients are at risk if any one of their contractors is not compliant with tax legislation. The 'taxman' can chase agencies and clients for lost revenue and the resulting penalties.

A major element of the 2007 Budget was the introduction of "Transfer of Debt" legislation. This means that if your agency or client does not ensure you are using a compliant payment method, they will also face the same threat of having the bill for any lost revenue passed onto them. That is why many agencies now have a Preferred Suppliers List (PSL), which is basically a shortlist of audited payroll companies that are complaint for particular contracts.

You will notice a distinct change in how your agency operates with chosen payroll companies through 2007, as they adjust their internal procedures ready for the start date of the "Transfer of Debt" legislation, which is planned for January 2008.

To speak to one of our tax experts call 0845 643 1580.