Regain the margins you lost from the cost of employment with Rocket Software's TempEX

 

Why let umbrella companies take advantage of the dispensation allowed by HMRC when you can apply for it yourself?


Our travel and subsistence software is a tax efficient solution which increases a worker's net pay and also returns to you a portion of the costs of employers' national insurance contributions.

This can be purchased as a stand alone product or as a module to work alongside our recruitment package TempID.

Using the travel and subsistence product suite, an agency can fully automate the above process.

How does TempEX work?

TempEX is a standalone product which can be incorporated into any existing front and back office workflow. We integrate the software into your front office database, perform the calculations required to properly administer the scheme and the data then goes into your current back office payroll solution. Reports are produced which highlight the savings to you as an agency, and to the individual workers themselves.

What is travel and subsistence?

Travel and subsistence is a scheme which takes advantage of HMRC dispensations surrounding travel and other work expenses. The worker can claim for travel expenses incurred in the course of their working day. Dispensations are granted to individual agencies by HMRC, covering the expenses and degree to which their scheme applies.

Under such dispensations, a deduction is made in respect of the agreed amounts of travel and subsistence in a similar way to established salary sacrifice schemes. This has the effect of reducing workers' PAYE and NI liabilities. If it chooses the agency may make an administration charge to cover the costs of scheme membership. The agency then returns some or all of the sacrifice to the worker as a tax and NICs free payment. The outcome is that the worker is therefore better off and so too is the agency.


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