IT Contractor
IT Contractors using the services of AM Limited ("AML") are able to benefit by being able to take home more than 80 percent of their gross Contract value. The IT Contractor will become an employee of AML entitled to the benefits associated with being an employee but with the added bonus of being able to take home more than 80 percent of their gross Contract value. AML ensure that fully IR35 compliant contracts negotiations are carried out to ensure that employees are not caught by IR35 legislation. AML’s business model is IR35 and s660 compliant. It is endorsed by leading Tax Counsel, has been fully disclosed and registered with the HMRC (with a Scheme Registration Number) and is registered for PAYE. All aspects of the AML Scheme have also been verified by leading Employment Counsel.
The AML Position On Managed Service Company Legislation.
AML is neither an Umbrella company nor PSC provider. AML as a licensed employment business and employs all its personnel under a contract of employment and pays its employees and salary from which PAYE and NIC's is deducted.AML does not promote or facilitate the use of companies to provide services for contractors. Specific tax counsel opinion has been sought to confirm the status of AML as not being an MSC provider or promoter.
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