Parasol - Employment costs

[LisaContractorUmbrella]

If they have not included your expenses they have not taken more money for their profit but simply that as more of your 'salary' was taxable you have paid more tax.

Remember all the expenses do is allow you to take more of your 'invoice value' tax free.

D15 - can you clarify this point for us - were your expenses for the period included on your payslip???

[Wary]

If they have not included your expenses they have not taken more money for their profit but simply that as more of your 'salary' was taxable you have paid more tax.

Remember all the expenses do is allow you to take more of your 'invoice value' tax free.

I think you've misunderstood what Parasol are doing. IIRC, they exclude your expenses when calculating Employers NI. They do, of course, only pay the true Employers to HMRC but pocket the difference as additional "Employment Costs". Effectively they're creaming off the equivalent of 13.8% of the total amount of your expenses.

Despicable!!!