New HMRC Rules In April 2020 Will Transfer The Responsibility, & Importantly Liability, To Recruitment Agencies & End Users Of Contractor Services
End users will have to decide the IR35 status of the engagement, but the recruitment agency is responsible for making correct tax deductions.
Recruitment agencies who may not have payroll in-house will have to deduct tax and NICs from all contractors who fall inside IR35, AND find the funds to pay employers NICs and the apprenticeship levy on these contractors pay.
Failure to do so could mean HUGE consequences. If correct deductions aren’t made, HMRC will seek recovery from the agency, and potentially, EXTRA PENALTIES can be added.
End clients classed as “small businesses” are exempt – but this does not apply to recruitment agencies
Switching is simple
All you have to do is give us a call. In return, we’ll give you a free consultation on how IR35 will affect you, plus a free self-assessment and one week of free payroll when you switch to umbrella before 6th April 2020.
HOW JMK CAN HELP YOU
We know every agency is different in some shape or form, even if only by a little, but important bit. Combining our knowledge and experience of multiple sectors enables JMK to support you all from recruiters and payroll, through to finance, compliance and management.
- Reduced overheads
- Improved efficiency
- Reduced risks
- Increased profits
- Significant savings
- Improved finance facilities
Since 2002, JMK have been compliantly consolidating back-office, accountancy and payroll functions.
We have evolved to provide a range of expert services; such as Professional Employer Organisation (PEO), or Back Office Support (BOS) or Funding, becoming a leading provider to the contracting industry.
With JMK as your trusted partner, even the smallest team can process the largest payroll, regardless of payroll type.
Have a look at the wide range of services our Professional Employer Organisation (PEO) or Back Office Support (BOS) can provide to you and your business, it is far more than just payroll and finance.