I am reluctantly having to use Aston Carter as the agent for my next contract. They have sent me a PSC form which I want to make sure that I am happy completing correctly.
There was a similar thread a few years ago, but that was when there was an existing contract in place.
The form has the following relevant section:
Section B: Personal Service Companies
1. Are you the Sole Director of the OLC?
2. Do you own 100% of the shares in the OLC?
3. If no, what is your percentage and who are the other major shareholders?
4. Are you the sole worker providing services through the OLC?
5. If no, please specify details below
6. Please confirm that all payments made by Aston Carter are paid directly into the OLC’s bank account (details given above in section A)
7. Please confirm that the OLC’s bank account is based in the United Kingdom?
8. Do you sign contracts for and on behalf of the OLC?
9. Does the OLC hold professional indemnity insurance?
10. If yes, please confirm the amount the OLC holds and that the OLC is the insured and that such insurance is not part of a block policy held by a third party:
11. Please provide the details of any accountancy or legal advisors of the
Company Name:
Address:
Email:
There was a similar thread a few years ago, but that was when there was an existing contract in place.
- I notice now that the they are combining/mixing up the terms PSC and OLC, is this of any relevance?
- Also does answering "Yes" to question 4 affect my perceived right of substitution?
The form has the following relevant section:
Section B: Personal Service Companies
1. Are you the Sole Director of the OLC?
2. Do you own 100% of the shares in the OLC?
3. If no, what is your percentage and who are the other major shareholders?
4. Are you the sole worker providing services through the OLC?
5. If no, please specify details below
6. Please confirm that all payments made by Aston Carter are paid directly into the OLC’s bank account (details given above in section A)
7. Please confirm that the OLC’s bank account is based in the United Kingdom?
8. Do you sign contracts for and on behalf of the OLC?
9. Does the OLC hold professional indemnity insurance?
10. If yes, please confirm the amount the OLC holds and that the OLC is the insured and that such insurance is not part of a block policy held by a third party:
11. Please provide the details of any accountancy or legal advisors of the
Company Name:
Address:
Email:
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