Efficient, Compliant and Reliable Payroll Solution Including Comprehensive DNI Cover
Payments Pro Ltd is a market leader in the provision of DNI cover meaning we can get more drivers on the road and quicker. This means far greater and employable and eﬃcient workforce ready to go and safe in the knowledge that every driver is covered.
Payments Pro are a fully accredited FCSA member. This means that we are an IR35 and HMRC compliant operation with a focus on adherence to the highest standards of business services, operations, policies and processes.
For agencies, our policy also allows them to beneﬁt from massive commercial savings by reducing the scope of their own internal DNI policy
Umbrella PAYE vs PAYE
Why you are better off with umbrella PAYE
Most people are familiar with standard Pay as You Earn (PAYE). If you use this option, it means that the agency runs the payroll. If you go with the umbrella PAYE option, they’ll run your payroll instead. By using an Umbrella you also gain a number of additional benefits that are specially tailored for temporary workers.
The biggest benefit is the increase in your hourly or daily rate from your agency. This is because your agency no longer has to cover the expense of running an in-house payroll and so, pass this saving on to the contractor.
When you join an umbrella, you gain the flexibility of being a contractor with the reliability of having employed status. This means that your umbrella can pay you benefits, such as maternity and paternity pay and sick pay when you’re under the weather.
As your sole employer your Umbrella will be able to pay you for all of your assignments even if it is from multiple agencies. You get the benefit of one employer, one pay day, one tax code and one P60. This will simplify your tax affairs and will make it easier to prove your income (for example, on a mortgage, loan or visa application).
Using your own Ltd company
Logistically, our service makes sense
If you would like to receive payment through your own Ltd company our service is here for you. There is a small fixed fee per week worked for this service which will ensure that all payments are made compliantly and on time. We provide both Drivers Negligence Insurance cover and Public Liability insurance as part of our fee, saving you even more money.
Also included is our dedicated account managed service so you will always have someone on-hand for any questions or queries you may have.
Each week you will receive a text message and email notifying you that your remittance is available on your online portal which will confirm the amount paid to you.
Additionally, if you do not have an accountant or if you would like a fully managed service, Payments Pro Ltd has you covered. Your annual accountancy tasks will be taken care of and completed on your behalf. There is a small increase in the fee per week for this. This includes our standard service as well as well as the required statutory corporate accountancy services, all provided by an ACCA and CIMA qualified accountancy partner. There will be no lump sum payment as the fee is taken weekly offering a suitable pay as you go method.
With the recent changes of IR35 being deferred until April 2021, using this service will also include an easy transition to their Umbrella service once the changes to HMRC IR35 legislation are implemented with no hassle and at no extra cost to you.
Compliance & Reliability
Professionalism you can trust
We have always taken compliance seriously. Ensuring our service is reliable and most importantly, ensuring that a contractors HMRC contributions are paid correctly and on time.
We are a fully accredited FCSA member and adhere to the best practice Codes of Compliance designed to ensure that accredited members provide services, advice and employment to the highest level of professional and ethical standards in the UK.
The codes of compliance set out by the FCSA provides complete peace of mind to recruiters when selecting an umbrella service for their contractors.
We are an open book and we always welcome feedback on our service. We are happy to respond promptly to any required compliance procedures, due diligence questionnaires, and will provide all the relevant documents for an efficient and streamlined process.
Due to the support from our in-house legal team we can offer all of our clients professional and up to date IR35 help, advice, information and guidance.
Drivers Negligence Insurance
Giving you peace of mind when you're on the road
Drivers Negligence Insurance provides cover against claims in respect of accidental damage caused to a hiring clients vehicle being driven by an agency supplied driver.
When you work with or become an employee of Payments Pro you will automatically be covered by our Drivers Negligence Insurance cover.
The terms of the insurance are as follows:
- £10,000 single claim limit
- £500 fixed excess