The RACS Collective product provides a range of "Umbrella services" to contractors who prefer a fully employed payroll solution, but who also wish to benefit from reclaiming their genuinely incurred business expenses.
Legitimate expenses include travel allowances, subsistence payments, accommodation costs, specialist equipment, telephone and broadband bills, plus other business expenses.
The "Umbrella" option will almost certainly benefit contractors, freelancers and temporary workers who typically earn between £100 and £350 per day. It is also the appropriate product for those individuals who do not want the responsibility of running their own limited company.
Highly audited and AEMC approved, the "Umbrella" service is offered at a fixed daily rate of £5.50 which is only charged for the days actually worked with no minimum fees.
RACS Collective is a cost-effective solution underpinned by fairness and transparency which is no doubt indicative of its popularity.
Our Umbrella product (RACS Collective).
In keeping with new legislation around the contractor market place, offering your contractors an employed umbrella offering that could realise the following for your Agency:
Join our 'Umbrella' solution (RACS Collective).
RACS Collective will offer you as an Employee:
*(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.
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!
Assistance: Please complete the 'Join RACS Collective' Section to join our services.
'Members Forms' are designed to keep you stocked-up with the lastest version - please visit this page regularly.
