Sole Traders Solutions
Corp Plus Umbrella provides a Gross Payment solution (GPS) for sole traders and freelancers that work in the UK or Overseas. With this solution, the worker will be paid in full without any tax or National Insurance deductions upfront. The worker will however need to file a Personal Tax return at the end of the Tax Year.
The self-employed person will benefit from claiming business related expenses to reduce their tax liabilities and reduced National Insurance. There’s also the advantage of not paying employer’s National Insurance.
All workers in the UK will need to pass SDC (Supervision, Direction and/or Control) in order to use this solution.
