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Tax Efficiency from Tekpay (UK) Ltd
The Tekpay facility enables contractors to receive amounts earned in respect of the provision of their services in a tax efficient manner. It is compliant with current UK tax legislation and has been structured to meet the problems experienced by other arrangements as a result of recent changes in legislation. You would become an employee of Tekpay (UK) Limited and receive a monthly salary related to market rates. This salary would be subject to PAYE and National Insurance deductions. Your contribution to the gross profit of our group would be reviewed with the object of identifying the appropriate allocations into a discretionary trust on a monthly basis. The trustees of the discretionary trust may then at their discretion advance amounts on a monthly basis. The taxation of such interest free loans is very tax efficient. You would not need to have your own limited company that would be VAT registered and therefore the administration burden to yourself by being a participant in our facility would be minimal. If you would like to discover more, please visit our website www.tekpay.com and complete an on line request for an Information Pack which will be dispatched to you by return. Please do not hesitate to contact us if you have any questions in the meantime. |