NET 85% OF YOUR INCOME: www.tarpon-uk.com Tel: 0845 643 1580Tarpon is an employment benefits company which offers contractors a tax-efficient payroll service. We are experts at giving impartial tax advice. We’ll claim up to 100% of your expenses back for you. And we’ll provide you with a personal business manager to handle both your admin and your invoicing. Plus many additional benefits making contracting more rewarding. What a contractor must insist on when using an Umbrella company / LTD company. Finding a compliant Umbrella Company can be a daunting experience for a contractor. There are many things you need to be aware of to ensure that you select a legal payroll option. Employment contract Being employed by your Umbrella company means you are IR35 and MSC compliant and are able to benefit from an expenses dispensation. Insist on seeing a copy of your employment contract. PAYE payroll Your Umbrella Company must operate a PAYE payroll to comply with HMRC regulations. Insist on being issued with payslips so that you can see that you are receiving a bona fide payroll. Dispensation Contractors are responsible for their tax and NI contributions should they choose a non-compliant Umbrella Company. Insist on seeing a letter which shows that the HMRC have provided the Umbrella Company with the ability to offer an approved dispensation to their employees. Employee benefits As an employer your Umbrella Company should be providing you with a full range of employee benefits …




