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Compliance
- All contractors taken on work directly through iBalance Limited
- iBalance Limited is not an MSC provider under the Finance Act 2007
- iBalance is a UK mainland company registered in England, incorporation number 3449506
- iBalance engages with contractors directly and not via any third party
- iBalance deducts PAYE Tax and National Insurance Contributions from the full amount paid to the contractor after legitimate employee expenses have been re-imbursed
- iBalance does NOT operate 'scale rates' for expenses
- iBalance extensively validates contractor expense claims
- iBalance pays the contractor directly and not via any third party
- iBalance does NOT divert any of the funds paid to any 'offshore' third party or structure
- iBalance is registered for PAYE under reference 034 P1123 (HM Revenue & Customs Bristol North)
- Four executive directors hold accountancy qualifications including Chartered Accountant and Chartered Secretary
- iBalance Limited does NOT operate as an employment agency or business
- Our fees are based on a fixed amount per week or month, NOT a percentage of turnover
- Contractor payments are processed the same day we receive funds from the agency - we can even provide
payment in advance
- iBalance Limited is fully insured
- iBalance has gross payment status under the HM Revenue & Customs construction industry scheme
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