Reply to: HMRC Reporting Requirements For Agencies - 6th April - Lorien

[PerfectStorm]

I went back and looked at the original forms I filled out which had my NI number on anyway and decided not to make a fuss.

[worzelGummidge]

By way of an update. I did not complete the form on the agency website.
There were in effect requesting that I perform their administration for them.

There was a small flurry of email and now they have stopped.
The agency already had all of the details that they were requesting from me.

It was just a case of outsourcing the agencies own administration to me.

[PerfectStorm]

I don't rightly know!

[moggy]

In today's news:

Contractors' agencies aren't reporting rightly :: Contractor UK

agencies aren't reporting rightly. Or using the English language rightly either.

[FarmerPalmer]

In today's news:

Contractors' agencies aren't reporting rightly :: Contractor UK

[Taita]

Hi all

I have a contract on the table and am keen to accept, except I am somewhat perturbed by these new reporting requirements.

I part own a Ltd company where I am a Director, shareholder and employee, as is my wife.

The Ltd company has direct contracts with another company and two government departments. We also undertake sales & service activities for other customers.

We now have a contract on the table, to provide Advice & Guidance for 100 days, over the next 12 months, through an agency.

Reading the guidelines, the requirement is for a Personal Service Company, which my company isn't. We have two F/T employees, and a P/T employee....we have premises and a lab & workshop.

The client will only engage my company via an agent.

The agent is proving to be a challenge, as I am asking (I believe quite rightly) why I am being asked to provide details for this HMRC Reporting Requirement......

What do you think ?

FJ

For ease of administration, those who have to report to HMRC will apply a blanket solution. If you are the 'named' contractor , they will require your details (regardless of the constitution of your own company).

[Farmer jones]

Puzzled....

Hi all

I have a contract on the table and am keen to accept, except I am somewhat perturbed by these new reporting requirements.

I part own a Ltd company where I am a Director, shareholder and employee, as is my wife.

The Ltd company has direct contracts with another company and two government departments. We also undertake sales & service activities for other customers.

We now have a contract on the table, to provide Advice & Guidance for 100 days, over the next 12 months, through an agency.

Reading the guidelines, the requirement is for a Personal Service Company, which my company isn't. We have two F/T employees, and a P/T employee....we have premises and a lab & workshop.

The client will only engage my company via an agent.

The agent is proving to be a challenge, as I am asking (I believe quite rightly) why I am being asked to provide details for this HMRC Reporting Requirement......

What do you think ?

FJ

[PerfectStorm]

Will someone else have to make reports about me?

Answer - almost certainly, yes. The ‘agency’ will have to send in all the information above, so don’t try and refuse giving it to them – they could make your life very uncomfortable. It will mean that HMRC will know that the agency has paid your company, but that’s not really what they’re after. As soon as they realise that it’s a personal service company that pays out salary and dividends, they’ll know that you’re on their radar already…if, that is, you are! So if you’re not declaring the money, or are salting it away in some offshore scheme, they might come and ask you questions. And there’s IR35 of course, so make sure you’re watertight on that piece of legislation too.

Seems fairly clear.

[worzelGummidge]

In case it helps at all, this is what I read earlier:
How intermediary reporting requirements hit limited company contractors :: Contractor UK

Thanks Ticktock

[aoxomoxoa]

I think that would be the same as YourCo -> Client

But according to the link provided by TickTock it's all about the end-client, which is why I thought the consulting firm for which I'm an associate is in effect, as far as the reporting requirements are concerned, equivalent to an agency.

[Ticktock]

In case it helps at all, this is what I read earlier:
How intermediary reporting requirements hit limited company contractors :: Contractor UK

[TheFaQQer]

What about if it's YourCo -> Consulting Firm (as an associate) -> Client ? Same as the first option above?

I think that would be the same as YourCo -> Client

[SpontaneousOrder]

What about if it's YourCo -> Consulting Firm (as an associate) -> Client ? Same as the first option above?

I think that would be. The bit i'm not sure about is whether the agency/consultancy reporting instead of me is only applicable if I'm only supplying 1 person to the client. The guidelines word it as though it is, but it is somewhat ambiguous. If the paragraphs were ordered differently it would make me agree with TickTock, but otherwise it reads to me not so clearly.

[aoxomoxoa]

My understanding is that would be if you were going direct.

If it's YourCo -> Agency -> Client then the agency file the report.
If it's YourCo -> Client and only you actually providing the services then no report is needed.
If it's Subbie -> YourCo -> Agency -> Client then the agency file the report.
If it's Subbie -> YourCo -> Client then you need to file a report for the subbie.

What about if it's YourCo -> Consulting Firm (as an associate) -> Client ? Same as the first option above?

[Ticktock]

But what about this bit?

My understanding is that would be if you were going direct.

If it's YourCo -> Agency -> Client then the agency file the report.
If it's YourCo -> Client and only you actually providing the services then no report is needed.
If it's Subbie -> YourCo -> Agency -> Client then the agency file the report.
If it's Subbie -> YourCo -> Client then you need to file a report for the subbie.