We are IR35 Specialists enabling agencies to outsource the entire administration of their PSC payroll. It doesn’t matter if you are paying 10 companies, or 10,000, Liquid Friday already has the expertise and infrastructure in place to manage it for you.
In April 2017 the government pressed ahead with plans to, in its words, “reform the off payroll working rules in the public sector by moving responsibility for operating them, and paying the correct tax, to the body paying the worker’s company”.
This means that agencies contracting with PSCs who operate in the public-sector space now have a raft of new obligations:
- To confirm the IR35 status of every PSC they are paying
- To deduct appropriate tax and Employees NI if the PSC is caught by IR35
- To carry out the associated reporting to HMRC through RTI
- To pay the Employers NI if the PSC is caught by IR35.
Not only that, if subsequent investigations determine that the IR35 rules were not applied correctly, the agency will carry the can for unpaid tax and NI.
As a recruiter, you will no doubt be considering what you need to do to remain compliant in an area of increasing complexity and what it will mean for already squeezed resources and margins. You may well be wishing someone could wave a magic wand and make it all go away. What if we can?
Not only is this a simple way of complying with the new rules, instead of making multiple payments to multiple PSCs, you will only be dealing with one administration service, so your resource burden will be even less than it is today.
Use our online savings calculator to see if you could save and arrange to speak with our team.