We support a lot of different tax solutions. How you want to pay your taxes is completely up to you - we just need to know 😁
Inside your "Account settings" you will find the view that you can see in the video above.
Every UK external worker at Worksome will need to choose and add information to any of the above options.
The four tax options for UK workers are:
1. Limited company (PSC):
If you have a Personal Service Company, this option is for you.
Details Needed: Company registration number, business name, VAT number (if registered).
Note: If you're registered for VAT, please ensure your VAT number is added in your business entity details to receive VAT payments.
Please note, your account address should match your Limited company’s registered office address.
2. Registered Sole Trader:
Details Needed: 10-digit Unique Tax Reference (UTR) number, name, VAT number (if registered).
Note: If you're registered for VAT, please ensure your VAT number is added in your business entity details to receive VAT payments.
You can find everything you need to know about being a Sole Trader @ Worksome here:
3. Umbrella company ☂️:
If you need to get paid as an employed contractor working under an Umbrella Company, this is the option for you.
Details Needed: Umbrella company's name, registration number, address, VAT registration number, and bank details (umbrella company's bank details, we the Umbrella company directly).
Accreditations: Ensure the umbrella company is accredited by FCSA, Professional Passport, or PayePass.
You can find everything you need to know about being paid via an Umbrella company @ Worksome here:
4. No setup yet:
If you are in the beginning of your career as an external worker - you might not have a business setup yet.
Note:
If you haven't set up a business entity, you need to either establish one, use an umbrella company, or opt for PAYE contracts (available with certain clients) to get paid via Worksome.
Please reach out to our Support team via the chat (click on the button in your right corner), or by email (hello@worksome.com) if you have any questions.
We are not a big team of experienced and registered UK tax advisors - but we will always be happy to guide you in the right direction or share a story about what another worker in a similar situation as yours did 🤗