Paye Umbrella Companies

Use an Umbrella Company for your PAYE Payroll

The Umbrella Company processes PAYE payroll as your employer.

Pay As You Earn, or PAYE, is the taxation system used by HMRC to collect Income Tax and National Insurance Contributions (NICs) from employees. The amount deducted will depend on your earnings and the tax code you are on.

This means that as a PAYE employee of an umbrella company, you won’t need to submit any kind of tax self-assessment. You will be paying your tax and National Insurance contributions as you go.

Working under an umbrella company will ensure that you are on the correct tax code.

Umbrella Companies also calculate your tax relief and expenses

There are certain allowable expenses that a contractor can claim under an umbrella company. The main one is travel expenses. If you are working at a temporary workplace i.e. you are contracted to work there for less than two years, then you are eligible to claim travel expenses. This will add to your take home pay.

Simply submit your timesheets and expenses to your umbrella company and they will handle all of the PAYE administration and make the necessary deductions before you are paid.

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Paye Umbrella Companies

Use an Umbrella Company for your PAYE Payroll

The Umbrella Company processes PAYE payroll as your employer.

Pay As You Earn, or PAYE, is the taxation system used by HMRC to collect Income Tax and National Insurance Contributions (NICs) from employees. The amount deducted will depend on your earnings and the tax code you are on.

This means that as a PAYE employee of an umbrella company, you won’t need to submit any kind of tax self-assessment. You will be paying your tax and National Insurance contributions as you go.

Working under an umbrella company will ensure that you are on the correct tax code.

Umbrella Companies also calculate your tax relief and expenses

There are certain allowable expenses that a contractor can claim under an umbrella company. The main one is travel expenses. If you are working at a temporary workplace i.e. you are contracted to work there for less than two years, then you are eligible to claim travel expenses. This will add to your take home pay.

Simply submit your timesheets and expenses to your umbrella company and they will handle all of the PAYE administration and make the necessary deductions before you are paid.

Read More

The quickest way to get
the best take home pay

Stop losing your hard earned cash!

Fill in your details below and start saving now!

Your information is safe: Privacy Policy