Welcome to Maddison Group - Umbrella Solutions

CIS Solutions Umbrella Solutions

Expense dispensation IR35 Grant Thornton HMRC - Tax & Vat

Maddison Group

Solutions

for your Business

Umbrella Solutions

What is the Maddison Group Umbrella Solution?

The Maddison Group Umbrella Solution is a payment solution that falls outside of the new MSC (Managed Service Company) legislation, thus allowing you to maximise your income by offsetting certain expenses (see our expense policy) to increase your net take home pay with the knowledge that you are working compliantly with all new government changes of legislation. All of the Maddison Group solutions are rigorously checked for compliancy by one of Europe’s top 10 accountancy practices and leading Tax Council.

How it works.
1.	Your income is paid gross from your agency to the Maddison Group.
2.	We calculate your net fee income available to pay you net of any fees and insurance costs.
3.	That income is then allocated into: Allowable expenses (paid gross of tax) and Earned Income (taxable).
4.	The earned income is then processed to account for PAYE Tax and National Insurance contributions (both ee’s and er’s).
5.	Your net pay (after tax) is then added to your expenses payment and paid directly into.

Please see the following examples on the advantages of being paid through the Maddison Group. If you have any questions or would like a personalised calculation on how the scheme would be of benefit to you please contact the membership team on 0870 043 3797.

Hourly Rate	PAYE	Umbrella Solution	Your Saving
£9.00	£279.45	£317.80	£38.35
£10.00	£306.25	£361.80	£55.55
£11.00	£333.05	£400.88	£67.83
£12.00	£359.85	£427.02	£67.17

Savings you could make* with
Maddison Umbrella Solutions

* Take home pay based on 40 hrs/wk

Please pay special attention to our expense policy

Items You Can Claim For:	Receipts Required / No Receipts Needed
Work wear, safety equipment, tools etc	Copy of original receipt
Accommodation whilst working away from home	Copy of original receipt
(B&B, hotel or non permanent residence)	£5 per day “Night Shift Allowance” No receipt required but must record on expenses form as “Night Shift Allowance”
Mobile phone work calls only	(Contract only, not pay as you go) Copy of itemised bill work calls highlighted
Laundry £2.25 each day that you work	No receipts required
Toll roads/parking	Receipts if possible
Travel to work via bus/taxi/train	Receipts required
Training and tests class 1, class 2 etc	Copy of original receipt
Driving licence renewal	Copy of original receipt
Medicals/eye tests	Copy of original receipt
Approved Business Mileage	Copy of VAT receipts

Example.
Mileage declared 400 miles /
Expenses claimed 400 at 40p
= £160.00

Fuel only accounts for around
20p of the 40p / Receipt required
= 400 at 20p = £80.00

So in simple terms...
You need to provide 20p of fuel
receipts for every mile claimed.

Mileage Claimed	Fuel Receipt Required
50	£10
100	£20
150	£30
200	£40
250	£50
300	£60
350	£70
400	£80

F.A.Q.

Q.	Am I a director of a company?
A.	No, you are an employee.
Q.	How do I get paid?
A.	You send your time sheet to your agency or agencies that in turn need to inform us of your hours and pay rate before 5pm on a Tuesday.
Q.	When do I get paid?
A.	Your money is sent by BACS on a Wednesday for clearance on a Friday morning (allowing that we have received cleared funds from your agency)
Q.	How do I know what I have been paid?
A.	A remittance slip is sent to you on a Wednesday for your information, along with this will be an expense form for the following week.
Q.	When does my expense form need to been in by?
A.	The Maddison Group need your completed expense form by 5pm on a Tuesday along with any receipts that are required.

A scheme ideal for temp workers who carry out short or long term contracts, who wish to maximise income by enjoying an uplift in salary and the ability to off set HMRC agreed expenses.