Overview

Our Umbrella product (RACS Collective).

Our simple ‘Schedule’ is emailed to you to complete the hours worked by the contractor - One invoice per period.

RACS Collective will invoice you based on the hours worked in the pay period.

Upon payment of this, we arrange for payment to be made as an employee of RACS Collective and produce all necessary HMRC returns as well as P60s.

Services

• Many Contractors have opted for our salary and expenses payroll company - allowing individuals to off-set genuine business expenses against PAYE tax liabilities.
• With official approval from HM Customs and Excise we can offer individuals special dispensations on many incurred expenses (some without receipts).
• These typically include; daily travel, meals, accommodation (away from home), telephone and Internet charges, professional fees and many more business related items.

Benefits

In keeping with new legislation around the contractor market place, offering your contractors a PSC could realise the following for your Agency:

• Full National Insurance savings – direct dealings with the Personal Service Company and Invoicing Company.
• No employer / employee responsibilities.
• 1st class customer service – one point of contact.
• 48 hour set-up for Contractors.
• Full taxation support and an IR35 friendly contracts.
• Easy invoicing (HMRC approved) – 1 weekly schedule – 1 weekly payment.
• Reduction in VAT outlay saving 17.5% on cash flow – (many PSCs won't qualify for VAT registration).
• Guaranteed payment dates – (we have never missed a payment!)
• Regular consultant reviews and updates.

Overview

Join our ‘Umbrella’ solution (RACS Collective).

Many contractors have opted for our Salary and Expenses payroll company which allows individuals to offset genuine business expenses against PAYE liabilities.

Enjoy the security of being employed, with money set aside for holiday pay in accordance with working time legislation and all statutory benefits paid (such as sick pay) where these meet the legal criteria.

We are compliant with HMRC regulations and only allow legitimate receipted claims for expenses.

We have been audited by the AEMC and are Umbrella Supermarket approved.

Services

RACS Collective will offer you (through third party providers):

• Full PAYE employment
• No IR35 worries
• No MSC legislation
• Dispensations for incurred expenses*
• Guaranteed expenses per pay period
• Easy to understand pay advice
• Guaranteed payment days
• Assistance with taxation issues
• Free processing of expenses
• Industry leading fee structure
• Professional insurance
• Sick pay insurance (optional)
• Single point of contact

*(no receipts required)

IMPORTANT

Genuine business expenses make this product work for you. Please ensure that you retain VAT receipts where applicable.

HMRC will allow genuine business expenses to be offset against PAYE taxation liabilities. Even though we have secured specialised dispensations for you, you must inform us that you have incurred these expenses in the first place.

Other providers do not always request this and as a result, the liability lies with the contractor.

Benefits

Many Contractors have opted for our Salary and Expenses payroll company - allowing individuals to off-set genuine business expenses against PAYE tax liabilities.

With official approval from HM Customs and Excise we can offer individuals special dispensations on many incurred expenses (some without receipts).

These typically include; daily travel, meals, accommodation (away from home), telephone and Internet charges, professional fees and many more business related items.

For a complete guide and application pack, please see our downloads section under RACS Collective Limited. Our full PAYE service is quick and easy to join. Simply download the application form, call us or ask us to call you. That's it!

You will be registered in 10 minutes and ready for payment through your Agency or End User Client.

RACS Collective fully complies with HMRC legislation, offering the total solution to UK contractors, needs.

Umbrella companies, like RACS Collective ensure compliance with recent MSC legislation. No IR35 worries or possible reclaiming of debt.

Expenses are processed FREE of charge and it doesn't cost to join or leave. We only charge you a fixed fee per day you have worked. Compared to the others, RACS Collective is an industry leader on value for money: no joining fees or leaving fees!

Other providers offer a similar service at a % fee - making your take-home pay less than it should be!