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
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
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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