New 'payroll concept' claims to reduce NIC | AccountingWEB

New 'payroll concept' claims to reduce NIC

This week a new service was launched which claims to be able to reduce companies’ National Insurance contributions by allowing them to convert their existing and future commission-oriented staff from PAYE to self-employed status.

Developed by outsourcing and payroll provider TMS, the ‘contract for services’ says it can deliver a significant cut in payroll overheads and allows employees new freedom to increase their earnings.


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