New Contract (Banking) Compliance Checks

[JoJoGabor]

I had a similar experience with an American online casino. Wanted to pay a fixed rate for a 5 month contract as PAYE, no recognition of a B2B arrangement etc. Despite various conversations with HR from me and the agent, HR thought we were trying to swidnle them and withdrew the contract. Very annoying.

[TestMangler]

I know what you're thinking

It's a direct to client contract but they are using an agency to do compliance checks and payroll.

The agency have done the compliance checks and passed all the info to the client. It is now sitting with the client and the client raised the objection to the directorships.

They did point out that me and my colleague are the first people to go through their 'new' system, but looks like they have made a fairly 'basic' mistake here

[AussieDigger]

This is through an agency right ?

I think you'll find that they can't force you to 'divest' yourself of interests you have in other entities, only that you declare them.

Sounds like something is amiss here.......perhaps decide how desperate you are to work for them......seems they don't understand the UK rules which are different from the Oz rules...

[TestMangler]

Got a contract five weeks ago (myself and a colleague) for a large banking group from 'down under' but based in the UK.

They told us that they were introducing a new 'probity system' for contractors coming on site and as this was the first time they'd ever used it it might take a bit longer.

Anyhooos, after all the ususal Scottish Disclosure and credit checks etc, they came back to both of us and told us that their checks had thrown up that we held directorships of limited companys and we would have to 'resign' these before we were allowed on site

Been on the phone for most of today trying to explain 'how it works' to them, but it's proving to be hard going

So, a major bank has a new compliance system for contractors which automatically bars most contractors from working for them

Very clever !!