APS- Asmat Payroll System –For workers falling inside IR35
As of 6th April 2016 the Government has introduced the New legislation which means Umbrella and Limited Company workers will no longer be able to claim tax relief on home to work (or work to home) travel and subsistence expenses.
With the New Legislation coming into force it is likely to affect your take home pay, i.e. if you currently claim regular travel and subsistence expense. In respect of the new legislation the NHS trust Development Authority has advised that they will stop using Agency workers using personal service companies (PSC) to avoid paying taxes. NOTHING to worry ASMAT & CO has an alternative to overcome and be compliant to the new Legislation.
Currently if you are working as a PSC/Umbrella worker in the Medical Sector, you may fall into IR35 legislation and we are aware that HM Revenue & Customs are actively investigating these arrangements. Therefore, if an agency worker wishes to remain working outside of a PAYE scheme, the worker will need to consider alternative arrangements, for which we have designed the following options outlined as per the document. This product will work for people in Full time employment within medical sector/NHS or are self employed otherwise as well.
APS- Asmat Payroll System –For workers falling inside IR35
Feel free to contact your Account manager to discuss and enquire with any queries on the New product.
Regards
Asmat & Co