Key Information Document – CIS Exchequer
This document sets out key information about your relationship with us and the used in your engagement, including details about pay and other benefits.
Under Section 6(1)b of the Employment Agencies Act 1973 (EA 1973), it is unlawful for an employment business to receive a fee directly or indirectly for the provision of work finding services.
The Employment Agency Standards (EAS) Inspectorate is the government authority responsible for the enforcement of certain agency worker rights. You can raise a concern with them directly on 020 7215 5000 or through the ACAS helpline on 0300 123 1100, Monday to Friday, 8am to 6pm.
GENERAL INFORMATION
| Name of employment business: | GMRC Ltd t/a GM Recruitment |
| Name of intermediary or umbrella company: | Exchequer Contracts LTD CIS |
| Type of contract you will be engaged under: | Contract of Service |
| Who will be responsible for paying you: | Exchequer Contracts LTD |
| How often the umbrella company and you will be paid: | Weekly |
INTERMEDIARY PAY INFORMATION
You are being paid through an intermediary: a third-party organisation that will calculate your tax and other deductions and then pay you for the work undertaken for the hirer. We will still be finding you assignments.
The money earned on your assignments will be transferred to the intermediary company as part of their income. They will then pay you your wage. All the deductions made which affect your wage are listed below.
All CIS workers are responsible for organising their own NI and Tax return at the end of the tax year.
EXAMPLE PAY – Based on 45 hours @ £26.50 per hour
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Intermediary or umbrella fees | Worker fees |
| Example gross rate of pay to intermediary or umbrella company from us: | £1192.50 | |
| Exchequer Contracts margin: | £23 | |
| Any other deductions or costs taken from intermediary or umbrella income: | N/A | |
| Example rate of pay to you: | £1169.50 | |
| Deductions from your pay required by law: (tax – 20% based on UTR verification) | £233.90 CIS Tax @ 20% | |
| Example net take home pay: | £935.60 |
