C

chrisjh

Hello the agency I have been working for paid me into my bank like normal but another agency offered me work for a higher hourly rate but I have to sort my pay out myself or something through crest?

Am I self employed then for this role then?

What do I have to set up. Is it not as good to sort out your own tax
 
Looks like Crest is a payment services company www.crestplus.com. It's basically a company that charge you for their services to get paid your own well earned money into the bank. Usually still under CIS so they will do your tax for you and you usually have to pay a couple of quid a week insurance unless you have your own. Last one I was with was charging me 20 quid a week to paid into bank. Also they are usually a second company to the agency under a different name so the agency in a way are screwing us twice.


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Looks like Crest is a payment services company Crest:Plus - Contracting Works For You. It's basically a company that charge you for their services to get paid your own well earned money into the bank. Usually still under CIS so they will do your tax for you and you usually have to pay a couple of quid a week insurance unless you have your own. Last one I was with was charging me 20 quid a week to paid into bank. Also they are usually a second company to the agency under a different name so the agency in a way are screwing us twice.


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Oh nice

So I have to pay now to be paid?
 
Yea mate it's ****, been through 3 different pay companies in the last financial year cos of working through agency but subbing direct now so what's mine is mine! I was paying twenty quid a week to get a sms to my phone and a wage slip through post! Work that out over a full year and its a 1000 quid ofcourse you can claim some of it back but its ****! What annoyed me was one of the pay companys were taxing me on my gross then taking their cut after which looks to me I was paying their tax for them where the other two pay companys were taking their fee first then taxing me on the amount left over.

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Looks like Crest is a payment services company Crest:Plus - Contracting Works For You. It's basically a company that charge you for their services to get paid your own well earned money into the bank. Usually still under CIS so they will do your tax for you and you usually have to pay a couple of quid a week insurance unless you have your own. Last one I was with was charging me 20 quid a week to paid into bank. Also they are usually a second company to the agency under a different name so the agency in a way are screwing us twice.


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Well said and spot on,these parasites ought to have their days numbered, and I did hear that it may actually happen, if the EU gives temp workers the same rights as on the books staff
Good riddance to these leeches who prey upon our industry and get a good living off the backs of you sparks who work hard for your pennies
 
so what should I do then as Hays were paying me £2 less an hour but they had an accounts department and paid my wages into my bank without me doing anything.

So what now?
 
Look mate there some bad ones out there but I have done this sounds like the limited company gig !! They set up a limited company with you as a director you pay a fee but get more money from the agency pros if you use it right and travel a lot saves money cons if you don't put enough through you lose !! A way of making it better for you is only invoice them/fill there time sheet in every 2 weeks therefore only pay fee twice a month I have used Madson before
 
Look mate there some bad ones out there but I have done this sounds like the limited company gig !! They set up a limited company with you as a director you pay a fee but get more money from the agency pros if you use it right and travel a lot saves money cons if you don't put enough through you lose !! A way of making it better for you is only invoice them/fill there time sheet in every 2 weeks therefore only pay fee twice a month I have used Madson before

Oh hey mate, thought you went off as you stopped with the PM's lol

thanks for the info mate
 
I started a job on a Friday and I would have had to pay 20 quid fee for getting paid one day the week after. I decided to ask them to hold that days pay and put it on timesheet for following week thus being owed six days pay in total. Well guess what I got my wage slip and they had paid me six days pay but put it down as two separate payments thus charging me twice i.e 40 quid!

The trouble is Chrisjh you can only use the payment companies that the agency are registered with.

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I don't think that is the case as long as they are one of the main companies, ask them for a list. Like I said some of these companies do what they like but some are good I was taking home about £60 a week more that was after there fee. rmc86uk do you fill in a timesheet ? If so did you hand the day in on a seperate sheet ?
 
I think it's crest then

Iconnect I know what you mean my daughter is 2 months old so it's a mad house lol
 
I don't like working for agencies, I had a bad experience with one in South London , doing a pub, quite a big job. Second fix was done 80% and they paid us 8 k.
 
Iconnect it was the engineer who filled our timesheet in and he did put it on separate sheets. Well you usually get a list of about four pay companies. The main contractor running the job at the time enforced that the agency were only allowed to use one payment provider! You will find that if you start with another agency 99% of the time they don't use the same payment provider you had before.

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Every agency I have worked for have a few approved companies and we used to deal with our own time sheets. The reason I asked as it happened to a mate he did the extra day on a different sheet and same happened lol Why is the main contractror calling the shots sign of the times I think? I have worked for many agencies over the years but to be fair have not done much for a good while
 
I just can't wait to start an apprenticeship. Only good thing working for agencies is the various skills and experience I am gaining. All this weird pay is gonna do my head in as I'm only doing 2 days next week due to bank holidays and having Wednesday off anyhow
 
Start our own LTD company and get registered with HMRC for CIS. These leeches cant refuse to pay then. They only want you to use their payco's for the backhander.
The only good thing about an agency is getting paid every week, end of.
 
Start up as Ltd company - £70 or so
Insurance - £200 (probably payable by instalments btw)
VAT registration - Free ? (may be wrong here, but flat rate VAT = charge at 20%, pay VAT to HMRC @ 14% so 6% profit from that)
Cost of books and accountant - £1k per year.

All figures are off the top of my head guestimates, so dont jump on me for getting them wrong. The main thing is that your 1k a year (£20 per week lol) will be going to an accountant rather than these shady tax avoidance scamsters.

I would rather do it that way than to go down the pay you company route. Was paid through I-paye last year on a net of tax job last year and I am bricking myself should the tax paid abroad be less than HMRC are expecting for the period.

Incidentally, I was using Bedouin also until 2009 who operate as an "Employee Benefit Trust", their deal was that you receive min wage for your salary, the rest of your money is a "loan" which they charge you 6% apr for. Net result is typically 85% of your money in your pocket. The downside is that you end up losing some of your personal allowance from HMRC. Mine is now 384L or something similar. Bedouin do a deal whereby if you recommend anyone you receive 1% of their invoices ! which is probably the sort of deal the guy on site has with the payment agencies.
 
One of the problems with having a Ltd company, is the amount of forms that need to be filled out and issued.
First off you have to supply companies house with accounts each year, and pay them to submit them, I think it's £15.
You then have to submit accounts in an approved manner to the coporation tax people.
Then ther'es the PAYE/CIS payments department, which will want you to submit yearly accounts. They will also expect you to pay any PAYE/CIS deductions you have taken every tree months, or declare that the deductions have been offset due to deductions made by the agencies.
You have to register as a contractor with the CIS, and then submit a form to them listing the people you have paid, and how much tax you have deducted every month.
If you fail to do any of these things by the due dates, you will then be fined.
Payment companies that offer to sort out your tax etc. are talking rubbish.
If you use them for one week, how are they going to work out your tax for the rest of the year, especially if you've used other payment companies that will also sort out your tax for you?
Your best bet is to find the cheapest payment company, and try to stick with them.
Sterling charge about £23 per payment, Fairgate £15.
 
Well said and spot on,these parasites ought to have their days numbered, and I did hear that it may actually happen, if the EU gives temp workers the same rights as on the books staff
Good riddance to these leeches who prey upon our industry and get a good living off the backs of you sparks who work hard for your pennies

They can take a blow torch to the knackers of them all as far as I'm concerned. Agencies were a good thing once but are now little more than the parasites that they've become.
 
Bedouin do a deal whereby if you recommend anyone you receive 1% of their invoices ! which is probably the sort of deal the guy on site has with the payment agencies.[/QUOTE]

Shylock would be proud of these scumbags - explains why the use of agencies is so common now, when an employer is getting back handers from the agency. And people go on about the corruption in Africa!!! This makes me want to really really hurt someone.
 
Even with the trouble of accounts, paye, coorporation tax and VAT, you are still much better off.

Register for VAT and sign up to the flat rate VAT scheme. Basically you charge VAT at 20% on all contracts, and pay 14% to HMRC. At 30k a year that makes 6% of the total in your pocket (£1800). That is more than enough money to cover the setup and running costs of your business as a limited company.
 
Shylock would be proud of these scumbags - explains why the use of agencies is so common now, when an employer is getting back handers from the agency. And people go on about the corruption in Africa!!! This makes me want to really really hurt someone.

Ken, do not class Bedouin as an agency, they deal with your payments and payments alone. Any contract they have is as a middle man between yourself and the client. Legal tax minimisation is what they do. It is close to the bone tax avoidance, but above all other things it is legal (or was when I was using it). If I were to recommend yourself to them, then the 1% cut I receive comes from their slice, not your own. So basically if I can get 10 people on 60k a year to use them, then I earn £6k a year on top of my own invoices.

And before people start off on tax dodging etc, go have a look at UK Uncuts website. Ther reckoning is £85 Billion could be raised per year by getting to grips with the tax that big business presently does not pay its due on.
 
Ken, do not class Bedouin as an agency, they deal with your payments and payments alone. Any contract they have is as a middle man between yourself and the client. Legal tax minimisation is what they do. It is close to the bone tax avoidance, but above all other things it is legal (or was when I was using it). If I were to recommend yourself to them, then the 1% cut I receive comes from their slice, not your own. So basically if I can get 10 people on 60k a year to use them, then I earn £6k a year on top of my own invoices.

And before people start off on tax dodging etc, go have a look at UK Uncuts website. Ther reckoning is £85 Billion could be raised per year by getting to grips with the tax that big business presently does not pay its due on.

that just sounds all wrong man..getting a cut of others pay,its not right,its like mini agencies..:confused:
 
You can moan about the costs of going Ltd but at least your in control and there's no middle man after middle man having your cash.
It just takes a bit keeping on top of but the benefits are there as a company director. If your Ltd, companies would rather do business with you as they know your regulated. Its easier to get direct subbing work and as a Ltd you carry a bit more weight in the open market. Who would you phone first , ABC Sparks or ABC Sparks Ltd?
 

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