Associate Trading Methods In order to ensure that RED remains fully compliant with HMRC legislation it is essential that we are very clear as to how our associates are trading with us in relation to the mechanisms by which they are receiving payments and the means and extent to which PAYE and NIC payments have/will be deducted from all payments they receive. This information is needed to assess the correct clauses to be used in any future Contracts and Purchase Orders, to protect both you as our supplier and RED from liabilities and penalties in relation to HMRC rules, in particular, the False Self Employment Legislation. We would be grateful if you could answer the following questions as comprehensively as possible, in order that we can process any future Contract/Purchase Order(s) without delay, and future payments correctly in relation to PAYE and NIC liabilities: Limited Company Do you trade/work via a Limited Company? Yes/No If Yes please provide company name, Name – registered address, company registration and VAT registration number below: Registered Address – Company Reg No – VAT Reg No (if applicable) - Are you a Director of the Limited Company Yes/No named above? Do you draw a salary and/or dividends from Yes/No the Bank Account of this Limited Company? (Salary is already subject to PAYE/NIC, and dividends are by this legislation) not “caught” Does the Limited Company have other employees? If so how many, and in what capacity? Does the Limited Company EVER act as an Yes/No intermediary whereby they provide associate If Yes please describe resources to RED (or others) where the associate resource is paid by the Limited Company and not directly by RED (or others)? Where the Limited Company Does Yes/No occasionally act as an intermediary providing If No how is payment made? – associate resources, does the Limited Company deduct PAYE/NIC from payments made to associates? For the purposes of your current/future Yes/No Contract(s) with RED Scientific will you be If No please describe how you will be
Associate Trading Methods In order to ensure that RED remains fully compliant with HMRC legislation it is essential that we are very clear as to how our associates are trading with us in relation to the mechanisms by which they are receiving payments and the means and extent to which PAYE and NIC payments have/will be deducted from all payments they receive. This information is needed to assess the correct clauses to be used in any future Contracts and Purchase Orders, to protect both you as our supplier and RED from liabilities and penalties in relation to HMRC rules, in particular, the False Self Employment Legislation. We would be grateful if you could answer the following questions as comprehensively as possible, in order that we can process any future Contract/Purchase Order(s) without delay, and future payments correctly in relation to PAYE and NIC liabilities: Limited Company Do you trade/work via a Limited Company? If Yes please provide company name, registered address, company registration and VAT registration number below: Yes/No Name – Registered Address – Company Reg No – VAT Reg No (if applicable) - Are you a Director of the Limited Company named above? Yes/No Do you draw a salary and/or dividends from the Bank Account of this Limited Company? (Salary is already subject to PAYE/NIC, and dividends are not “caught” by this legislation) Yes/No Does the Limited Company have other employees? If so how many, and in what capacity? Does the Limited Company EVER act as an intermediary whereby they provide associate resources to RED (or others) where the associate resource is paid by the Limited Company and not directly by RED (or others)? Yes/No If Yes please describe Where the Limited Company Does occasionally act as an intermediary providing associate resources, does the Limited Company deduct PAYE/NIC from payments made to associates? Yes/No If No – how is payment made? For the purposes of your current/future Contract(s) with RED Scientific will you be Yes/No If No please describe how you will be