Sharp Brains is providing this Key Information Document under Regulation 13A of the Conduct of Employment Agencies and Employment Business Regulations 2003 (the ‘Conduct Regulations’).
The purpose of the Key Information Document is to improve transparency of information, including pay calculations and deductions.
Sharp Brains will engage you under one of the following models:
1. Employee with Sharp Brains.
Under this model you will be employed as an employed consultant and paid an hourly, daily, or weekly rate of pay, which will be subject to deduction for tax and national insurance deductions. You will enjoy statutory benefits of holiday pay, pension entitlement, sick pay and other statutory benefits together with company benefits. Our employment key information document is provided here: Pay as You Earn (PAYE)
2. Worker with Sharp Brains.
Under this model you will be engaged as an agency worker paid an hourly, daily or weekly rate of pay, which will be subject to deduction for tax and national insurance deductions. You will enjoy the benefits of holiday pay, pension entitlement, sick pay and other statutory benefits. Our employment key information document is provided here: Agency Worker
3. PAYE with an Umbrella Company.
Under this model you will be paid an hourly, daily or weekly rate of pay, which will be subject to deduction for tax and national insurance deductions, by an umbrella company of your choice from one of umbrella companies on our approved list of FCSA members. You will have an overarching employment agreement with the umbrella company. The key information document for Umbrella company is provided here: Umbrella Company
4. Personal Service Company.
Under this model, you will operate in business on your own account through a UK registered limited company, also known as a personal service company (“PSC”), of which you will be a director and own at least 50% of the shares. As you are operating in business on your own account, your PSC will provide services to Project People in return for fees. The fees will be paid without deductions if the provision of your services is determined to be outside IR35, or paid net of deductions for tax and national insurance if the provision of your services is determined to be inside IR35. You will ordinarily engage the services of an accountant of your choice, who will support you in filing annual confirmation statements, annual accounts and tax returns.
Click here: Personal Services Company Outside IR35
Click here: Person Services Company Inside IR35