In the ever-changing world of construction, compliance isn’t just about meeting legal obligations - it’s fundamental in running a successful and sustainable business. For self-employed operatives, identifying and clarifying employment status is critical for peace of mind and the compliant operation of the entire supply chain.
Why This Matters:
Tax Requirements: Accurate status ensures adherence to tax responsibilities, preventing penalties and complications
Legal: Correct classification helps to mitigate potential legal and financial risks within the supply chain.
Employment Status Entitlements & Protections: Truthful status determination affects an operative's legal protections, making it essential to ensure this is correct for our contingent workforce and their working practices.
Risks With Non-Compliance in this area:
Failing to implement proper compliance measures for checking employment status can lead to significant costly and reputational consequences. Non-compliance can result in a range of issues, including ACAS disputes, employment tribunals, substantial fines, and damage to reputation across our supply chain.
Last week, we highlighted the importance of maintaining effective engagement with our contingent workforce. The more involved Stonebridge is with our clients, the greater our transparency and compliance will be for everyone involved.
Steps Stonebridge Takes for Self-Employed Operatives:
Control Tests for Self-Employed Operatives & Status Determination Tests for Ltd Companies & PSC’s: This helps to clarify the employment status of our operatives. Our approach to this has been reviewed and approved by our professional advisors.
Assessment of the Control Tests & Status Determination Statement (SDS): This ensures that the results accurately reflect the classification. For any outcomes needing further clarification, our professional advisors are available to help us make informed and compliant decisions.
Understand Responsibilities & Taking Accountability: Stonebridge remains informed and up-to-date with all legislative requirements and changes, ensuring that we fulfil tax duties, insurance needs, and other legal obligations accurately.
For Our Clients: This approach protects your business from potential disputes and guarantees fair treatment for all operatives. When all parties in the supply chain remain compliant, Stonebridge can assure you that any employment status disputes will be handled exclusively by us. Proactively managing employment status is crucial to ensuring compliance within the construction industry.
For any queries about this or for further reassurance, please reach out to our Compliance Team by emailing compliance@sbcontracting.co.uk.
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