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When looking at contract opportunities there are two options available to contractors. While RBW are unable to recommend one over another, we can support you in whatever choice you decide best fits your situation. The options are:

 

Umbrella

Being employed by the Umbrella Company will mean the Umbrella takes care of tax and NI deductions before paying you a net salary. For a list of approved RBW Umbrella companies, please click here!

 

Professional Service Company (Ltd)

This option is only suitable to those contractors that are genuinely self-employed (see HMRC website) and involves setting up a Limited company which has a B2B contractual relationship with RBW Consulting. It is the individuals' responsibilities to make all relevant tax and NI deductions as well as to purchase all the relevant insurances.

 

All of the above options will require a signed company timesheet which needs to be submitted to the Finance team on time, to ensure prompt payment.

 

Should you have any problems getting your timesheets approved you should make the Finance team aware immediately to avoid delays to the payment of your invoice.

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