Zeva Subcontractor
Working as a self-employed subcontractor in the IT industry you’ll no doubt be aware that because of government legislation agencies are not allowed to pay you direct. As such, Zeva sits between you and your agency to allow you to get paid.
With Zeva Subcontractor you get paid on time and within HMRC rules. You retain the financial advantages of being self-employed, such as a reduced NI contribution, and the ability to offset legitimate, allowable expenses against your tax liability on your Self Assessment tax return, with the added advantage of being able to work on assignments for companies who will not contract with you directly.
How does it work?
We will collect your hours from your agency and provide you with a remittance to confirm your payment. You deal with your own tax and National Insurance as normal when you do your books.
Text messages are issued on a Wednesday to confirm your payment. If your text message hasn’t arrived please call us and we will follow up with your agency. When your payment has been processed your monies are transferred to your bank to clear on a Friday – guaranteed!
Our standard admin cost is a minimum of £10, or 3% gross (maximum £30).
Why Zeva Subcontractor?
- Maintain your self-employed status
- Keep your independence
- Offset allowable expenses against tax liability on your Self Assessment tax return
- Get paid gross with no tax deductions
- Lower NI contributions
- Helps avoid a large end of year tax bill
- Value-for-money admin charges – only £10 or 3%
How are payments calculated? Click on diagram to enlarge
What’s next?
Call us direct on 0808 168 2772 where we’ll discuss and confirm your employment status for your new/current assignment and determine if Zeva Subcontractor is appropriate for you.
We’ll then discuss the contractual terms and confirm that you are happy with them. We’ll also talk you through our quick and easy registration process that needs to be completed and answer any questions you might have.
