Introduction to Compliance
Compliance is crucial for every contractor and agency. At
PMS , we prioritise compliance to
protect you from potential risks in your contracting journey. Ensuring
you are fully compliant with regulations not only safeguards your
earnings but also reflects our commitment to quality service.
Regulatory Framework
As an umbrella company operating in the UK, we adhere to key
regulations that govern payroll and taxation. Our dedicated compliance
team keeps up-to-date with legislation changes such as:
PAYE (Pay As You Earn): We handle all PAYE requirements,
including income tax and National Insurance Contributions,
ensuring that deductions are made accurately and on time.
Pension Contributions : At PMS, we understand the importance of financial security for the future, so we fully comply with workplace pension regulations. As an umbrella company operating in the UK, we automatically enrol eligible employees into a workplace pension scheme per the auto-enrolment laws set by The Pensions Regulator.
Compliance Checklist
Speak to us about our comprehensive Compliance Checklist to ensure
you meet all necessary legal obligations and are fully prepared for
audits. This checklist includes critical steps to verify your contracting
status and help you stay organised.
FAQs
Q: What happens if I am found non-compliant?
Non-compliance can lead to significant financial penalties from
HMRC, including back taxes and fines. Our compliance team assists with your understanding of obligations to mitigate these risks.
Q: How can I stay informed about compliance changes?
We regularly update our resources and newsletters with key compliance information.