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Bishopsgate Contracting Solutions

2 weeks free payroll for all contractors and preferential discounts available on request. 

Bishopsgate provides umbrella PAYE and subcontractor CIS payroll solutions to organisations within the UK, with compliance and customer service at the heart of what we do. Our payroll service is regularly reviewed to ensure that it remains compliant with the latest tax and employment legislation, giving our clients the peace of mind required to focus on growing their own business. Our experienced team guide agencies and contractors through their options in an honest and transparent manner, helping them to understand how the model is best suited to their contracting needs. Bishopsgate have experience working with companies across multiple UK industries, with a primary focus to supply all our clients with a fully compliant, best practice payment solution that promotes payment efficiency, management and safeguarding.

Umbrella

An umbrella company is a fully compliant payment intermediary which acts as an employer to contractors who work on various temporary assignments. This provides contractors with a continuous period of employment whilst having the flexibility to work on many assignments with different clients. The umbrella company will make PAYE tax and National Insurance deductions ensuring your candidate’s income tax affairs are taken care of. 

Benefits of Bishopsgate Umbrella for Contractors: 

  • Statutory benefits such as holiday pay, sick pay and a pension 
  • One employer with the benefits of continuous employment 
  • Comprehensive insurance cover 
  • Payslips and SMS notifications detailing payment and relevant deductions 
  • Employee status which assists with life planning such as obtaining a mortgage 
  • Access to online candidate portal 

Benefits of Bishopsgate Umbrella for Agencies: 

  • Decreased time and cost spent on payroll by outsourcing labour 
  • Compliance with AWR, auto-enrolment, MSC legislation and IR35 
  • Right to work checks completed 
  • Removes administration associated with employing workers directly, allowing time and money to be spent on growing your business 
  • Comprehensive insurance cover for the employees
  • UK based call centre 
  • Access to client portal 
  • Candidate SMS payment alerts 
  • Dedicated Account Manager 
  • Rebate Scheme (subject to qualification) 
  • Competitive industry rates

CIS

The Construction Industry Scheme (CIS) refers to a tax regime set out by HM Revenue & Customs (HMRC) to cater for self-employed contract workers in the construction industry. As a result of the amendment made to section 44 of the Income Tax (Earnings & Pensions) Act (often labelled the agency legislation) there are now stricter rules surrounding the employment status of contractors, with the burden of proof over a lack of supervision, direction or control now resting with the agency.

Bishopsgate specialise in the processing of payments to subcontractors working within the construction industry. The benefits of our service to subcontractors include:

  • You are in business on your own account and can decide which jobs to take on and how often to work
  • Ability to offset your business expenses against your tax bill through a yearly tax return
  • Reduced payment terms and faster payments compared to contracting directly with an end client
  • Reduced administration as Bishopsgate takes care of invoicing, payment and issuing statements
  • Public Liability and Personal Accident Insurance cover provided
  • Access to health and safety advice
  • Statements provided for all payments mad

Register with Bishopsgate

Registering with Bishopsgate on our umbrella PAYE scheme is a quick and simple process. You have two options: you can complete the ‘Sign up in seconds form’ on our website and a customer service representative will be in contact with you to confirm your details. Alternatively, you can call us on 0203 019 4990 to speak to one of our customer service team; they will be able to get you registered in no time. Before we can make payment to you, we will require your right to work documents as well as your signed contract. Finally, once we have this, you’re fully registered and ready to be paid.