What is the FCSA Code of conduct?
FCSA Accreditation Checklist – The Code of Conduct
What is the FCSA Code of Conduct? As a contractor working in the freelance sector, you may be aware of the importance of choosing the right umbrella company. There are many such providers in the market, so how do you choose the most suitable one?
An umbrella company should ensure they provide all the benefits of employment, while ensuring the very highest standards of customer service and compliance. Continue reading to discover more and understand why an FCSA Accredited umbrella company (one of which is New Red Planet) will be the best choice you can make.
Compliance and Standards of Service
What is the FCSA Code of Conduct and why is it compliant
The company you’d want to work with should be a reputable firm that offers the highest standards of services and compliance. Ideally, these firms would be audited by a trade body or association, so you have a guarantee as to what you can expect.
This is particularly important now due to the increase in the government’s focus on the contractor market and the recent changes in the IR35 Legislation.
Therefore, it is more important than ever that both contractors and agencies can rely on a reputable firm to provide compliant advice.
FCSA
New Red Planet’s accreditation comes from FCSA (The Freelancer & Contractor Services Association), The UK’s leading membership body dedicated to raising standards and promoting compliance for the temporary labour market.
FCSA’s “Codes of Compliance” are recognised as the gold standard in the industry, and its members go through the most stringent audit processes on an annual basis.
- The FCSA Codes of Compliance have been developed by Ernst & Young, in consultation with HMRC, and is available to the public on the FCSA website.
- All FCSA Accredited Members are tested annually against the FCSA Codes of Compliance by independent, carefully selected assessors.
- The assessors are top-tier, regulated accountants and solicitors bound by their own professional standards and code of conduct and are independent of the FCSA.
- The FCSA Codes of Compliance is continually updated to reflect current legislation.
- Non-compliance by FCSA Accredited Members results in the suspension or termination of FCSA Accredited Membership.
- No FCSA Accredited Member is allowed to operate Offshore Schemes, Loan Schemes, Trusts, Managed Services Companies Schemes, Pay-day-by-Pay-day models, or similar.
Source: www.FCSA.org.uk
New Red Planet are an FCSA Accredited Member and work to the FCSA Code of Conduct
If you are already a New Red Planet partner or employee, you can feel confident in the compliance of your pay model and agreement. If you are looking for a reliable, best-in-practice umbrella company that prides itself on its client-focused approach, contact us today:
T: 0161 713 1730