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The term PSC is used to describe a common type of limited company that has been established by contractors, consultants and other types of self-employed workers. In short, a PSC sells the work of an individual or small group of individuals, and is owned and operated by that individual or small group of individuals as a limited company. The term PSC was originally used by HMRC in relation to the introduction of the IR35 legislation back in 2000. You can read more on this topic below.
A crucial element in classification as a PSC or limited company contractor is your IR35 status. The IR35 status determines whether you are considered to be a ‘true contractor’ or a ‘disguised employee’ and this is assessed on an assignment by assignment basis. IR35 is an assessment of the working practices of your role, and it basically says that if you look and feel like an employee, then you should probably be taxed like an employee. Therefore if you are inside IR35 you won’t be able to pay yourself a dividend from your PSC. Please follow this HMRC link for more information.
Here at Sellick Partnership we believe in assisting our contractors wherever we can and as such we have undertaken a review of PSC providers. Please find below the details of Sellick Partnership’s list of approved providers. Please note the below companies do charge for their services.
01244 684 700
admin@crestplus.com
www.crestplus.com
01253 600 140
enquiries@danbro.co.uk
www.danbro.co.uk
0330 024 0946
welcometeam@giantgroup.com
www.giantgroup.com
0800 197 6516
newbusiness@paystream.co.uk
www.paystream.co.uk
01925 645 265
bestadvice@parasolgroup.co.uk
www.parasolgroup.co.uk
Please note these companies are not connected to Sellick Partnership and do charge separately for their services.
This list has been compiled following a compliance review of the above providers. It is entirely your decision which provider you engage through and we advise that you seek independent advice.
Should you chose to use another provider not listed, they must provide all necessary documentation including, but not limited to; certificate of incorporation; VAT certificate; UK business bank account details; 3rd party certification of tax compliance; valid insurance documents (your Sellick Partnership Consultant can advise you of the level of insurance required). It is your responsibility to ensure that they comply with all relevant legislation. Sellick Partnership will not be liable for any losses, costs, claims, expenses, penalties or any other liability incurred by that provider, including those which may arise as a result of your use of this third party provider.
The above list will be reviewed to ensure our contractors are provided the best service and as such the above list is not permanent. Sellick Partnership reserves the right to amend this list should a provider fail to satisfy either a compliance check or levels of service deteriorate.
Although Sellick Partnership has conducted a compliance review of these providers we have not conducted a full audit. Compliance within the recruitment industry is complex and subject to changes within best practice, as such we advise that you should conduct your own checks to satisfy your own requirements. Sellick Partnership cannot accept responsibility for any claims, demands, actions, proceedings, damages, loss of profit, consequential, direct or indirect costs resulting from the use of any of these providers.
This area of our website is dedicated to contractors who are currently working with us, or those considering moving to a contract role. With extensive sector knowledge and a vast network of clients, we are the perfect recruitment partner for you.
You, as the contractor, become an employee of the umbrella company. This means that Sellick Partnership pays the umbrella company, and the umbrella company deducts the necessary PAYE and national insurance contributions before paying your salary.
To make the process of arranging cover easier for our contract candidates, we have partnered with Kingsbridge Contractor Insurance and have also negotiated a 10% discount for all Sellick Partnership contractors. Follow the link for more information or get an instant quote.