Glossary

FCSA Codes of Compliance

The Freelancer & Contractor Services Association (FCSA) operates best practice codes of compliance designed to ensure that its Accredited Members are providing compliant advice and/or employment supported by the highest level of professional and ethical standards. New applicants for Accredited membership are required to demonstrate how they adhere to FCSA’s Codes of Compliance, to provide the necessary supporting evidence as well as providing certain additional information. The declaration and information provided will be subject to independent testing by regulated accountants and solicitors. Appointed assessors are themselves tested by FCSA to ensure that they are experts with sufficient in-depth knowledge of the sector. FCSA Accredited Members must pass annual testing in order to retain their accredited status.

Other common terms

Service Provider Sector

Service providers offer specialist tax, accountancy and administrative support, and advice for the professional freelance workforce. The specialism provides support to independent professionals across a

IR35

IR35 also known as the “intermediaries legislation”. This piece of legislation to is designed to prevent tax avoidance for any contractor working for an end-hirer

Umbrella Company

Umbrella companies employ contractors under the terms of a permanent contract of employment, meaning that the individual receives all 84 statutory rights and employment benefits