Client
Whether your business is a small niche company with one or two sub-contractors or one engaging thousands of sub-contractors you are potentially open to risk from HMRC and could incur heavy costs involved in paying individual workers. Manximum-Pay eliminates risk and dramatically reduces back office costs.
Why use Manximum-Pay?
As a UK registered company it is imperative that you do not expose yourself to any unnecessary problems with HMRC. Engaging directly with self-employed workers could potentially leave your business open to investigation. Self-employed workers could be deemed to be employees by the nature of their work and not by employment status. Not only could you incur potential penalties (one penalty for one individual could be multiplied by the total amount of subcontractors working) but your subcontractors could also be open to various unseen pitfalls from employment laws.
Using Manximum-Pay greatly reduces employment risk since an intermediary company avoids engaging with individuals directly and leaves the individual to take full responsibility for their tax affairs and close any potential employment status issues.
Benefits
The Manximum-Pay solution will simply avoid the risk of falling foul of HMRC and absolves your business from paying unwarranted employers’ NIC (ITEPA 2003). Our solution will enable your business to maintain self-employment status for your sub-contractors.
Manximum-Pay will reduce your administrative costs dramatically. You make one gross payment to us, usually by BACS or CHAPS, instead of multiple payments to individuals (with tax calculations) saving time and money.
Many companies invest heavily in contracts drawn up to protect the self-employed status of their subcontractors. Challenged, those contracts often do not stand up to scrutiny by Employment Tribunal or HMRC. Using Manximum-Pay avoids these pitfalls.