Ltd Company Contract Guidelines

Management and Commercial candidates may take the step to set up their own Limited Company and operate as an ‘employee’ of this Ltd Company. This will enable them to invoice Bromak for the hours worked and we can pay them Gross without any deductions being made.

They will have an accountant and take care of their own NI and Tax payments at the end of the tax year.

In this case, it is not the individual that is providing the services but the company; the individual is a representative of the company even if he is the only employee. These limited companies may also be VAT registered, upon receipt of a copy of the candidates VAT certificate they are able to charge 17.5% on top of their hourly charge.

Ltd Companies can be purchased from companies house and a certificate of incorporation can be provided within a number of weeks.