Limited Companies, VAT and CIS

If you intend offering your services via a Limited Company:

• You must have in your possession a countersigned Terms of Assignment of Consultants via a Limited Company Contractor and Self Billing Agreement (PSCToA)
• At the beginning of your first assignment with Hays, the Accounts Department must receive:
• A copy of the VAT registration certificate (if applicable)
• A signed BACS form – the bank account must be in the name of the Limited Company
• Hays are only able to pay through Limited Companies that are registered in the UK they must have UK bank accounts
• Hays are not able to pay overseas Limited Companies, nor can they send money to a UK company through an overseas bank account.  This is not a legal requirement but is a strict company policy
• From 20 June 2009, Hays will be operating Self Bill as standard for ALL Limited Companies – see attached for Q&A

Notes: UK = England, Northern Ireland, Scotland and Wales.  For VAT purposes only, the Isle of Man is considered to be a part of the UK

CIS Holders

If you / your company require to be paid through CIS you must provide us with a UTR/CTR number at the beginning of your first assignment.  Hays will then verify this number with HMRC.