zptr is the only affordable, off the shelf software package that allows recruitment agencies of every size to offer Personal Tax Relief directly to their workforce.
A unique software tool, zptr seamlessly plugs into your current payroll system. It has been developed by zeva, one of the UK’s leading payroll outsourcing and umbrella companies, and is set to revolutionise the way agencies pay their low paid and National Minimum Wage workers.
The benefits of integrating zptr into your business, for both agency and worker, are numerous.
First and foremost, zptr increases workers’ weekly take home pay and reduces agency wage costs.
Traditionally, expense models such as salary sacrifice, have only benefited the well-paid worker and the bigger agencies; with those most in need being penalised by the tax system. Personal Tax Relief offers a fair and balanced alternative that provides legitimate financial returns for both the worker and agency.
Through tax legislation, an agency employee that works from a series of temporary workplaces is entitled to claim personal tax relief on travel and food expenses incurred wholly, exclusively and necessarily as part of their job. zptr enables recruitment agencies to apply this relief directly to its weekly payroll - thus reducing the amount of national insurance and income tax the employee pays each week.
The agency benefits too as it has less national insurance liability per worker, therefore increasing the agency’s bottom line.
Secondly, zptr is the only proven, accepted and ethical solution currently available.
In addition to the potential financial savings, zptr promotes a highly ethical operation, utilising software that has undergone thorough testing.
For the past year, zeva has successfully pioneered Personal Tax Relief for its own Gangmasters Licensing Authority (GLA) and umbrella workers; with those close to and at National Minimum Wage (NMW). The model has therefore undergone rigorous scrutiny and has demonstrated that where salary sacrifice can’t be applied to low paid and NMW workers, PTR is the correct and suitable model.
In fact, UK tax legislation states that every PAYE worker has the right to pay the correct amount of tax within the given pay period. PTR can be applied to the most venerable groups of workers, such as migrants with limited English and those earning the National Minimum Wage. Arguably, these are the most in need of their maximum wage entitlement, which zptr can facilitate.
Matt Partridge from zeva said: “We understand the challenges that outsourcing payroll presents many agencies. Whilst it can provide financial benefits, a large number of agencies want to control their own payroll. For this reason we developed zptr, for agencies that directly employ their temporary PAYE workers and want to make savings.
“In the past, there has been a disparity between the tax benefits available to higher and lower paid workers. zptr breaks this pattern with the worker tax savings being paid to the low paid worker in their weekly pay packet and the agency saving on its weekly national insurance costs. This will now create a fair and level playing field throughout the industry.”
zptr is available to any size recruitment business. Everything you need to implement Personal Tax Relief and start making savings tomorrow is available with zptr from zeva.
For more information, contact us now on 0808 168 2772 or visit www.zptr.com