Welcome to the payroll revolution.
Generate Limited Light is a personal limited company that is suitable for those who are inside IR35 rules and/or under supervision, direction or control (SDC). This product allows you to claim any allowable expenses at the end of the tax year. Tax relief on pensions contributions can also be claimed.
Generate Limited Light: a fully compliant product adapted to the new legislation
Who is Limited Light for?
With Generate Limited Light, you will continue to receive your earnings as employment income but will additionally have the opportunity to become VAT registered. This product was primarily designed for contractors inside IR35/under SDC, in order to maximise pay with minimal weekly administration and without any burden.
This product is generally suitable for contractors expecting to work at least a 2 month contract on £300 per week. It is suitable for contractors across a full range of sectors, including but not restricted to IT & Telecoms, Education, Healthcare, Construction, Manufacturing, Engineering and Logistics.
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Benefits of Limited Light Payroll
Director and Employee
You will be a director and employee of your own limited company.
Tax and NI contributions dealt with at source.
All statutory tax and companies house submissions are included in the package.
Potential to benefit from VAT registration
You will be able to choose the most beneficial VAT registration option to ensure you maximise your take home pay.
This product is suitable for those inside IR35/under SDC rules and allows you to claim up to £2,500 worth of expenses outside T&S at the end of the tax year. Tax relief on pension contributions can also be claimed.
This product is outside the new auto-enrolment pension rules, allowing you to maximise your take home pay.
Complimentary training programs
Enjoy the wide range of complimentary training options on offer to those operating with Generate.