Pendragon Comply
Beyond the ordinary in delivering compliance
Driving Compliance from the Back Office to the Boardroom
Why outsourcing contingent labour can save you time and money, it can also expose businesses to NIC, PAYE, and employment law risks. Due diligence can help ensure the integrity of the supply chain and help to make informed business decisions. Pendragon Comply can help you to protect your business by vetting the suppliers you have selected to provide labour supply for legality, legitimacy, credibility, employment and tax compliance. Our expertise and unrivalled knowledge in this field, means we are able to report our findings and leave you to decide on the level of risk you want your business to take on.
With all the recent news about non-compliance within the umbrella sector and the fact that it remains unregulated you should be very aware as an agency of your own liability risk when it comes to using umbrellas. If you run a PSL, how fair is your process, are umbrellas chosen just because they are the largest in size or because they offer incentives to your consultants and or business.
There have been revelations about salary skimming, holiday pay theft and in some cases non-payment of pension contributions. How do you know what is really going on within those umbrellas? Most agency compliance simply isn’t carried out to a high enough standard to keep up with those companies preying on your contractors. To pick up payslip skimming and other scams you need to at the very least to be checking.
Money flow (incorporates a number of financial and AML checks)
Payslip calculations
Holiday pay calculation and payment
Tax deductions
Director checks
HMRC payments
Insurances
RTI (not reliable on its own)
Clone checks
you probably won’t catch these issues by checking RTI and automated payslip checkers. So why Pendragon Comply? The team at Pendragon Comply has been completing Umbrella audits for over a decade. We currently audit c200 Umbrellas per year on behalf of our clients and have prevented them from being caught out by tax avoidance, skimming and scams and this has helped them to protect their contractors.
Whilst the only two umbrella accredited bodies FCSA and Professional Passport do their best to prevent, these practices, there needs to be additional checks carried out by you and or experts who understand the intricacies and nuances of the umbrella sector and those checks should be constant and consistent. Directors are liable for due diligence under Corporate Offense CCO legislation Corporate-Criminal-Offence.
Whether it is support to your existing compliance team or outsourcing the whole process under our discreet service, give us a call for a confidential discussion.
Why do You Need a Preferred Supplier List?
Best Value & Cost Saving
A preferred supplier list ensures that your suppliers provide the highest value in terms of pricing, quality, financial stability, and contract performance for your company. Your negotiation power will increase as you work with recommended suppliers, allowing you to negotiate better pricing and save money.
Better Decision Making
Data-driven decision-making is essential to effective procurement, and compiling a preferred supplier is the ideal way to go about it. Your list should make it easy for your company to acquire supplier information. The simplest method is to employ a digital e-sourcing system that connects internal and external parties while also providing up-to-date and appropriate data for decision-making.
Risk Management
A preferred supplier list can help control commercial and legal risks. It is one of the most significant benefits for a recruiter; If your suppliers share your values and are compliant with key legislation, you can decrease your exposure to certain regulations and help keep your company secure in the long run.
Book A Consultation
Supply Chain Due Diligence: 10 Things To Know
Here are some things HMRC list and want you to consider while conducting due diligence on your labour supply networks. The list is not exhaustive, and it varies depending on the type of business.
Lets us help you shape your compliance standards process
This is an opportunity for you to engage Pendragon Comply as a relevant and necessary partner in the effort to shape your compliance business processes into being an effective deterrent against non-compliance and tax avoidance schemes that would be harmful to your business, staff , long-term profitability and future sale.
For many, this will require a profound transformation, for a few it will still be a journey of discovery. So why bother? Agency clients expect more from the service they receive. A basic job filling service doesn’t find them the skilled candidates they need to do the work but they still want a competitive price.
As an Agency you are expected to attract and place the right candidate in those jobs and to do that you must do right by the temporary worker or contractor. Exposing them to high fines because you enabled tax avoidance scheme operators to work within your business is on YOU. Lack of knowledge is not a defence in law. The power is held between the end client and agency and that is why it is so important to do the due diligence. Others in the supply chain like umbrellas, accountancy service providers and workers will then have a secure framework from which to operate within the rules.