Key Information Document – Guild

CIS – Guild Commercial Limited

This document sets out key information about your relationship with us and the intermediary or umbrella company used in your engagement, including details about pay, holiday entitlement and other benefits.

The Fair Work Agency is the government authority responsible for the enforcement of certain agency worker rights. You can raise a concern with them directly on 0345 161 6000 or through the Acas helpline on 0300 123 1100, Monday to Friday, 8am to 6pm.

GENERAL INFORMATION

 

Your name:	Temporary Workers Name
Name of employment business:	GMRC Ltd t/as gm recruitment
Name of intermediary or umbrella company:	GUILD COMMERCIAL LIMITED
Your employer:	GUILD COMMERCIAL LIMITED
Type of contract you will be engaged under:	CONTRACT of SERVICES
Who will be responsible for paying you:	GUILD COMMERCIAL LIMITED
How often the umbrella company and you will be paid:	WEEKLY IN ARREARS

 

INTERMEDIARY OR UMBRELLA COMPANY PAY INFORMATION

You are being paid through an intermediary or umbrella company: 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 umbrella company as part of their income. They will then pay you your wage. All the deductions made which affect your wage are listed below. If you have any queries about these please contact us.

Your payslip may show you as an employee of the company listed below.

 

Name of intermediary or umbrella company:	GUILD COMMERCIAL LIMITED
Any business connection between the intermediary or umbrella company, the employment business and the person responsible for paying you:	N/A
Expected or minimum gross rate of pay transferred to the intermediary or umbrella company from us:	£16.63
Deductions from intermediary or umbrella income required by law:	N/A
Any other deductions from umbrella income (to include amounts or how they are calculated)	Guild Fee  – £18.00 Professional Indemnity Cover £3.00

 

Expected or minimum rate of pay to you:	No Less than minimum wage
Deductions from your wage required by law:	CIS TAX AT RATE DETERMINED BY HMRC (20%, 30% OR GROSS STATUS)
Any other deductions or costs taken from your wage (to include amounts or how they are calculated:	N/A
Any fees for goods or services:	NO
Holiday entitlement and pay:	N/A
Additional benefits:	N/A

Guild Commercial Limited

Guild Commercial enters into contracts for services with self-employed individuals, limited companies or partnerships who work in construction as subcontractors (“operatives”).  Where applicable, this is for the operation of the Construction Industry Scheme (CIS) tax regime to ensure the smooth application of CIS and tax compliance for contractors and subcontractors.

These contracts are similar to framework agreements, with no ongoing requirement for either party to use the services of the other. Similarly, these contracts have no notice periods, allowing operatives to terminate the contract at any time and for any reason.  A margin is made on each payment, which is the difference between the amount received from the client and the amount the operative is paid.  The margin is a fixed rate, albeit spilt into two for accounting purposes:

Margin A covers standard business overheads.

Margin B (the smaller margin) covers the development, provision and maintenance of operative-specific services, such as weekly text messages confirming payments, consolidated annual statements, the online portal, access to (and maintenance of) an app, insurance and other overheads.

 EXAMPLE PAY

 The example pay illustration assumes:

• 45 hours worked during the week, at an agreed hourly rate of £20 per hour (gross)
• The recipient is registered for Construction Industry Scheme (CIS) tax and has been verified at HM Revenue and Custom’s standard 20% rating
• No materials have been provided by the operative (i.e. you) – so the full gross rate of pay is a contract payment for CIS purposes  

	Intermediary or umbrella fees	Worker fees
Example gross rate of pay to intermediary or umbrella company from us:	£900 (45 hours @ £20 per hour)
Deductions from intermediary or umbrella income required by law:	N/A
Any other deductions or costs taken from intermediary or umbrella income:	£18 – Guild Margin £3 –  PI cover	Margin A £18 Margin B £3
Example rate of pay to you:		£879.00
Deductions from your pay required by law:		CIS Tax @ 20% (£175.80)
Any other deductions or costs taken from your pay:		N/A
Any fees for goods or services:		No
Example net take home pay:		£703.20