Under
Contract Lite, we become your
employer and you submit details
of the work carried out and allowable expenses
to us via an online timesheet. We
then request the remuneration due
from the client and transfer this
to your account via BACS
following the deduction of income
tax and National Insurance
contributions.
The Contract Lite umbrella
service is best suited to
individuals whose contracts fall
within IR35 (see FAQs) or who just
require a simple solution for
dealing with Inland Revenue
compliance, without the cost and
administration of operating their own
limited company.
Payroll calculations can be run on a
weekly or monthly basis with fees
fixed at £20 per week
(deducted from your
pay), with no initial or termination fees.
Key features of the service are:
- Fully Inland Revenue approved alternative to running your own
limited company
- Inland Revenue dispensation for expense deductions
- Backing of professional tax consultancy
- Weekly or monthly payroll run
- Fixed fee of £20 per week, with no set up or termination
fees
To receive further
information and our joiners pack, please complete the form on the
right or send an email to
lite@contractpayroll.com
