The Kapla Hybrid Umbrella Product (formally known as EDM) will recognise the self-employed status of the operative whilst satisfying statue and electing to pay them via PAYE, however they are still able to claim expenses and therefore reduce their tax liability.
Why does this really mean?
- We engage the drivers
- Your drivers continue to earn the same
- There is no financial burden on you
- You stay competitive
Case study...
Example PAYE
John Smith works 40 hours @ £7 per hour
You pay: £280 + £38.64 employers NI
(£318.64 cost to operator)
John receives £247.20
John Smith works 40 hours @£10 per hour
You pay: £400 pay + £34.09 employers NI
(434.09 cost to operator)
John receives £328.76
Example KAPLA Hybrid Umbrella
John Smith works 40 hours @ £7 per hour
You pay: £280 via Kapla Hybrid (£280 cost to operator)
John has £50 Expenses
John receives £244.40
John Smith works 40 hours @ £10 per hour
You pay: £400 via Kapla Hybrid (£400 Cost to operator)
John has £60 Expenses
John receives £309.44