Sole Trader Solution

Sole Trader Classification

SOLE TRADER CLASSIFICATION SOLUTION

Are you engaging sole traders?

You could be sitting on a crescendo of risk…

Across jurisdictions, especially the U.K. there are many risks associated with engaging a sole trader:

  • False Self-Employment
  • Tax Liability
  • Right to Work
  • Insurance

We can help you reduce your risk, liability, and exposure in just a few simple steps

sole trader classification solution - CXC EMEA

YOUR COMPANY WILL BE IN GOOD COMPANY

ARE YOU VULNERABLE TO WORKER MISCLASSIFICATION?

With the rising use of contingent workers, governments around the world are closely scrutinising contractors’ classification for compliance with laws and policies.

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FALSE SELF-EMPLOYMENT

You may be liable for tax, national insurance and other contributions, as well as the trader themselves

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TAX LIABILITY

You could be liable for the unpaid tax liabilities of Sole Traders who have ceased trading

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RIGHT TO WORK

There is an obligation to check and prove that someone has the right to work in the UK.

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INSURANCE

It is a legal requirement to have insurance that covers external workers that you don not directly employ.

SOLE TRADER CLASSIFICATION SOLUTION

You can easily reduce your risk, liability and exposure with our Sole Trader solution.

  • Our new Sole Trader Solution allows businesses to engage sole traders without the need for a limited company or an umbrella company.
  • The solution is designed to assist intermediaries and end user organisations properly classify independent workers for employment status and tax compliance.
  • As companies look to engage independent contractors and sole traders CXC Comply assists with the complex classification issues and risks associated with misclassification.

INTRODUCING: CXC Comply

You can easily reduce your risk, liabilityOur state of the art compliance and vetting system, CXC Comply, supports IR35 Status determinations and sole trader determinations in the UK.

  • The sole trader segment in the UK is a large market (3.2million sole proprietorships) but one largely avoided by the Outsource and MSP community due to limited understanding of classification rules and actual/perceived risk due to potential tax chain liability.
  • CXC Comply will assist with determining the correct status of individual sole traders for the purpose of ensuring compliance with the agency worker tax rules and any corresponding social security contributions regulations).
  • CXC Comply is designed to assist organisation’s and Outsource Partners to determine the correct status of UK Sole Traders.

We will help you mitigate any risks in a few simple steps – Fill in the form below!

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False Self Employment -You may be liable for tax, national insurance and other contributions, as well as the trader themselves.

Right To Work -There is an obligation to check and prove that someone has the right to work in the UK. This includes holding a verified copy of their proof of identification and their address.

Tax Liability -You could be liable for the unpaid tax liabilities of contractors who have ceased trading.

Insurance -It is a legal requirement to have insurance that covers external workers that you do not directly employ.