- Instant set-up. Ready to invoice as soon as your application is processed.
- Your payment processed the same day as funds are received from agency.
- SMS sent to your mobile when payment is made to you.
- Same day access to your funds using the i4 Maestro Debit Card.
The Diamond Service is an international invoicing and payments service for the true self-employed contractor. Self-employed status is recognised in most countries as a
legitimate method through which an individual can supply their services.
In order to comply with a country's tax authority, it is often necessary for monies due for services
rendered to be processed through a properly constituted and managed limited company.
Diamond Service provides this facility. It is able to invoice on behalf of and
make payments to self-employed contractors in all major currencies and allows you to pay your
statutory payments in whichever jurisdiction you are tax resident regardless of the jurisdiction
from which payment is received.
Is the Diamond service right for you?
Key benefits of the Diamond service
How does it work?
What do you need to do?
How do you get paid?
Our commitment to you
More about the i4 Maestro Debit Card
Is the Diamond service right for you? 
You qualify for our Diamond service if:
- You are legitimately self-employed and provide your services as a contractor
- You want a service that is quick to set up and operates only when you require it
- You want to calculate your own tax assessments and pay your taxes in the jurisdiction in which they are due.
Key benefits of the Diamond service
- We charge 5% of the value (excluding VAT) of each invoice we process on your behalf.
- There is no joining fee, and no termination fee.
- You are responsible for your own tax assessments, and as a self-employed contractor you are able to claim legitimate business-related expenses.
- We liaise with your agency or end-client and provide them with all the necessary documentation required.
- You have access to all your contract, invoicing and payment information via our web-site portal.
How does it work?
In the UK, recruitment agencies cannot pay self-employed individuals directly. The contractor
must be either employed by them and be taxed under the PAYE system or they must have a company
that invoices them on their behalf.
The Diamond Service gives you the best of both worlds providing you with the company structure that will invoice
your recruitment agency or end-client on your behalf while allowing you get paid gross.
As a self-employed contractor in the UK you must register as such and pay tax under 'Schedule
D'. Failure to register within three months of commencing work as a self-employed individual
will lead to penalties and fines from the Inland Revenue.
What do you need to do?
Download and complete the simple application form and mail it to us. You
can be ready to invoice within 24 hours of receipt. We will send you a Welcome on Board pack with your contract that you need to sign and return to us.
- If you are contracting for the first time, tell your recruitment agency or end-client that you are working through a limited company.
Provide us with the their details, and we will forward all necessary documentation directly to them.
- If you are working through an agency on their PAYE system, tell them that you wish to
offer your services through a limited company. We will liaise with them to ensure a smooth
and efficient change in your status, and deal with any contractual changes.
- Then work as normal and send your timesheets to your agency - advising us of the
details by phone, fax or email to enable us to raise an invoice on your behalf.
How do you get paid?
- On receipt of your timesheet or invoicing instruction, we will invoice your agency or end-client for the time you have worked.
- On receipt of our invoice, the recruitment agency will make payment to us through the
BACS system (the UK's electronic banking system). We will process this, deduct our 5% fee
and transfer your money to your account.
- You will have immediate access to your cleared funds if you are using the i4 Maestro
Debit Card, otherwise you will be paid by BACS which normally takes three working days to
clear in your account. On the day your payment is processed we will send you an SMS message
advising you when the funds will clear in your account.
- A self-billing invoice and remittance advice will be sent to you either by post or by
email (whichever you prefer) for each payment.
Our commitment to you
- Our experienced staff members are trained to answer your queries promptly and accurately.
- We pride ourselves on our high level of service, however should you be unhappy with any
aspect of our service we undertake to look into the issue and deal with it immediately.
- We guarantee that there are no hidden fees or charges, all you pay is 5% of the value
(excluding VAT) of each invoice raised.
More about the i4 Maestro Debit Card
The i4 Maestro Debit Card not only allows you to access to your funds on the
payment day but is also extremely beneficial to contractors coming
into the UK for the first time. One of the main problems facing individuals is the difficulty
and delay in opening a bank account. We can have an i4 Instapay Internet account open for you
within a maximum of 24 hours and your Maestro Debit Card will be
issued within 7 working days Click here for more information.
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