Yes, if you are genuinely self-employed Apex will invoice your agency/ client for the work you have done, deduct our margin and deduct the correct rate of deductions which will be passed onto HMRC. You will receive the net amount into your bank account.
Read MoreMost people pay Class 2 and Class 4 National Insurance through the self-assessment process.
Read MoreYes, you can apply for gross payment status when you register for CIS through the HMRC. This means we will not make deductions from your payments (apart from our margin) and you’ll pay all your tax and National Insurance at the end of the tax year.
Read MoreWhen payment is made to you under CIS, deductions will normally be at the standard rate of 20%. Deductions at the higher rate of 30% will occur if you are not registered for CIS, HMRC cannot verify you or if you provide the wrong name for your business.
Read MoreYes, contractors must register for the scheme through the HMRC’s website. To do this you’ll need your legal business name (you can also give a trading name if different), your National Insurance Number, the unique taxpayer reference number (UTR) for your business and, finally, your VAT registration number (if you’re VAT registered).
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