Pay Day by Pay Day Tax Relief 3


Pay Day by Pay Day Tax Relief also know as Pay Day Relief Models have been used by Umbrella Companies and Employment Businesses but I have no doubt other business have used them too.

Basically the employer applies for Dispensations for Expenses and then without a valid employee claim reduces the employees pay to cut PAYE and NI costs.

There is a great example to be found on the Ross Martin website

http://www.rossmartin.co.uk/index.php/employers/employee-expenses/957-dispensations-agencies-and-umbrella-companies

HMRC issued a further statement in August

http://www.hmrc.gov.uk/news/news290812.htm

Its worth reading to makesure your procedures are HMRC Compliant

steve@bicknells.net

3 comments

  1. Hi Steve

    Hope all is well. I am doing a lot of work on the back of Reed case – I cant quite understand the Ross Martin “Reed” comparison. Generally speaking great care is needed in this area as HMRC have a target campaign against arrangements in the Agency sector which they believe are poorly managed and gwenerally highly aggressive.

    Cheers

    Dave

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