The simplicity of how it works. No need to issue and chase up invoices paper work is kept to a minimum help is always at the end of the phone

Raymond

How Gabem CIS and Solo work for Self-Employed

Gabem CIS is geared to those self-employed in the construction industry, and Gabem Solo is for all other self-employed workers. Both offer legitimately self-employed contractors the benefits of lower tax, and are safe solutions in this complex area.

How they work for contractors

  • Contractors deemed to be self-employed will be paid through CIS (for construction assignments) or Solo for other assignments
  • We discuss each assignment with the individual to determine their employment status and the appropriate payment option
  • If the assignment does not meet the HMRC rules for self-employment, the contractor can be paid through Gabem Umbrella
  • Operative has a ‘contract for services’ with GML for each assignment
  • We handle contracts, invoices, and purchase orders with the agency
  • For CIS, Gabem deduct the 20% tax on account.
  • For Solo we do not deduct tax on account, so the contractor must make provision for paying all necessary tax and NI at the end of the tax year
  • In both CIS & Solo, contractors must arrange for:
    • Class 2 NIC (currently £2.40/week)
    • Year end tax return to HMRC
    • Expenses – claimed at year end
    • Own Public Liability insurance
  • With each payment advice we show the amount that the contractor should set aside to cover the likely year-end tax liability
  • We offer ExpenseBox as an efficient service for scanning, cataloguing, and managing expense receipts for presentation to HMRC.
  • 'Salary sacrifice' pension option available with 'double benefit' - every £10 gross sacrificed = £11.28 into pension, with a net cost to the individual of only £6.70
  • Access to Mortgages and other FS products
  • No charge for changes of agency or personal details
  • Same-day faster payments or CHAPS direct to their bank account
  • Free text-message service to confirm amount paid on payday
  • Online submission of rates and hours
  • End-of- year documents included in the package
  • Optional tax return service.

What we deliver through our self employed options

  • Gabem discusses with operative whether the assignment meets the HMRC self-employed criteria
  • Operative must have a UTR – GML checks with HMRC
  • If in construction, operative must also be registered under CIS (deducted status)
  • Invoicing and payment process to work with agencies’ own processes
  • Gabem margin is £20
  • In CIS Gabem deducts 20% tax on account, and remits it to HMRC
  • Operative can obtain Public Liability insurance through Gabem (£2/week)
  • Operative can take Personal Accident cover (£2.50/week)
  • Operative can use the Gabem ExpenseBox se rvice to manage their expenses
  • Gabem provides indication of tax liability on the remittance advice, for each payment made.

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