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PayRise work the 'flat rate' VAT scheme. So if you're in, say IT, you pay VAT at a rate of 13%, but charge your client the full 17.5%. This leaves a VAT balance of 4.5% on every invoice - which goes into your pocket.
Because they operate this method they don't go into the usual explanation of business expenses. Their website is readable and makes sense to a newcomer. As a customer, you can access your personal records from their web-portal, at your convenience, as well as using it to submit your time-sheet details each month.
What's your opinion? Give us your feedback on PayRise umbrella company.
"With PayeRise your contractors become our Members and are fully supported, informed and protected - they each have a dedicated Payroll Consultant, can view and manage their pay online and have access to a range of services and exclusive member benefits."
Not a conventional solution.
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