The new T&S legislation means that after April 2016 most Umbrella Contractors will not be able to claim travel and subsistence expenses. In the absence of these expenses, Umbrella Payroll will no longer be a viable option for contractors and agencies, leaving only two possible alternatives:
While PAYE is an expensive and legislation-intensive option for most agencies, adopting any traditional PSC solution currently available will have a huge, negative impact on the way that back office data is processed. It also relies heavily on the contractors’ ability to deal with the challenges of running a company. Simply put, the traditional PSC model can be a recipe for disaster in most cases, particularly for the weekly paid contractor market.
So we designed Solus PSC from the outset with a different perspective! It’s a model that allows Umbrella Companies to make an easy transition to the PSC model while keeping business as usual for Agencies. And, more importantly, it’s a platform that allows Umbrella Businesses to remain a valuable player in the supply chain.Learn more