Umbrella Company
AM Limited ("AML") is an alternative to an Umbrella Company who are able to ensure that you will take home more than 80 percent of your 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. In the United Kingdom, an umbrella company acts as employer to independent contractors who work under temporary contract, usually through a specialist employment agency. Recruitment agencies will only issue contracts to a limited company. Since the introduction of the Managed Service Company (MSC) legislation in the budget 2007, the only way an independent contractor can comply with this requirement is by setting up their own personal limited company, use an umbrella company or use a similar service as the one offered by AML. AML is not and will never be an Umbrella Company or an Umbrella Company provider due to the product that they offer and this helps protect them against any legislation that may be applicable in relation to Managed Service Companies.
Why choose AML?
Employment with AML enables you to take advantage of the benefits of employment, with the flexibility and freedom of choice from contracting.- Take home between 80% to 85% of your contract value
- It's simple to join and normally takes just 48 hours to set up
- There is no contract lock-in
- There are no start-up fees or exit penalties
- You would receive holiday and sick pay in accordance with UK employment law
- There is no invoicing for individuals to do. Just send us your timesheets and we take care of the rest
- Avoid the hassles of running your own limited company
- As an AML employee you would have no director or corporate responsibilities
- There are no charges for processing expenses or providing reference letters
- All business insurances are provided including Professional Indemnity Insurance up to £5m - We offer generous "Refer A Colleague" rewards. Call our consultants for more details.
- Access to in-house professional advisers and accountants
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