PS Pro is essentially a PSC where full PAYE tax and class1 National Insurance contributions are taken at source – thus, complying with off-payroll (IR35) rules. The Individual becomes a director, shareholder and employee within their PSPro. They have an employment contract through their PSPro and all PAYE deductions are reported under HMRC RTI.
The PSPro engages with People Payments to collect invoices, run payroll under PAYE, pay HMRC when due and pay the individual their net PAYE salary directly into their own bank account. There is no tax avoidance within this structure and as such creates supply chain stability and exit strategy security.
As well as being reviewed and recognised by HMRC People PS Pro is fully audited by independent industry specialists Professional Passport.