Independent, Trusted, Insured
Crawford Temple from Professional Passport and Dave Chaplin from IR35 Shield chat about a new model becoming more popular in the UK, the Professional Employment Organisation (PEO), and how it differs from other models.
A new model that is becoming more popular in the UK is the Professional Employment Organisation (PEO), where the rate the contractor is quoted is the rate the contractor gets paid, thereby removing confusion around which party pays employment taxes.
This model aligns more with how taxes should be processed if the Off-Payroll rules apply. Contract rates are more likely to be advertised as a “PAYE rate” if the PEO is being used.
The Compliance Files - Professional Employmnet Organisations