Common FAQs
Frequently Asked Questions
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1. Joining Contracta
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I currently contract through my own UK Limited Company. Can I keep that?
There is no need for a contractor of Contracta to retain a UK Limited Company.
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Do you provide any Insurance?
Yes. We provide all necessary insurances, including Professional Indemnity cover up to £2m (GBP), Public and Product Liability Insurance up to £5m (GBP) and Employers Public Liability up to £10m (GBP).
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What is the commitment for using Contracta’s services?
Some people use us for as little as a few days, but in most cases a few years. This all depends on the worker, in terms of length of contract and contractual requirements. We do not tie anyone down to a fixed contract. Simply put, you can use us as and when you need to.
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What notice period do I have to give if I want to leave? Are there any associated costs?
There is no notice period required, just instruct us to stop raising invoices or tell the company to stop making payments to us. Equally, you will not be hit by any wind down charges.
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Am I 100% compliant?
Yes. The Contracta structure has been vetted by a number of reputable taxation experts and has been deemed as technically sound and above Revenue attack. Contracta is run by a team of professionals, and so there is no danger that your income will be classed as ‘tax avoidance’. If you have any doubt, call us and we talk you through the structure in person.