PR Contact: Liz Boardman
de Poel Consulting Ltd
Email: eboardman@depoelconsulting.com
Ph: 0870 242 3040
Fax: 01565 682 021

DATE: 27/07/07
MEDIA RELEASE – FOR IMMEDIATE DISTRIBUTION
de Poel provides agency solution to tackle new tax legislation

Independent consultants de Poel Consulting have recently undertaken a series of agency seminars to address the issues raised by the new tax legislation relating to Managed Service Companies.  John Simmonds, Managing Director, led the seminars and toured the country addressing any major issues raised by recruitment agencies.

The legislation which became law in April 2007 and resulted in the closure of current composite and Managed Service Company Schemes, is set to have a huge impact on agencies and clients alike, making them liable for employees unpaid tax and National Insurance.

de Poel conducted in depth research before appointing ESENTUAL as their approved partner. ESENTUAL offer a fully HMRC compliant and easily implemented alternative to the recently prohibited schemes.

ESENTUAL are an Employment Management Company, not a composite company, and do not pay their workers via dividends or through an intermediate company. By paying their workers PAYE and by paying employers national insurance, ESENTUAL fall outside the new Managed Service Company legislation and can offer a viable solution to the problem.

The ESENTUAL solution is of benefit to all parties. Workers are able to increase their PAYE take home pay whilst agencies are able to see a dramatic rise in their profit margin as a result of significantly reduced Employer National Insurance contributions.

Kentex Driver Ltd is a recruitment agency based in Gravesend, Kent, supplying drivers to companies in both the logistics and transport sectors. Kentex recently moved all of their drivers over to the ESENTUAL scheme. Alan Wilkinson, Transport Account Manager for Kentex explains, “The recent tax legislation has had a serious impact on the management of our drivers and ultimately the company as a whole. By adopting ESENTUAL’s HMRC compliant solution we were able to protect the agency against the transferable debt resulting from unpaid PAYE and National Insurance. In turn our drivers have been able to reduce their tax liability and as a result significantly increase their take home net pay”

The seminars which took place in early July were organised by de Poel’s Agency Liaison Manager, Lara Watson, specifically to tackle the issues involved with the changing legislation and to reiterate the benefits of the ESENTUAL solution.

Agencies across the country have embraced the solution. They feel this scheme alleviates them not only of the administrative burden but also the legal implications associated with the new legislation.  90% of agencies who attended the seminars were keen to engage with ESENTUAL.

Dawn Entwistle, Operations Director for Pluswork Ltd, a Manchester based recruitment agency attended de Poel’s recent Haydock seminar. She commented, “Not only was de Poel’s seminar well organised and highly informative but also the speakers were extremely knowledgeable on the new legislation and the associated issues. The solution offered by ESENTUAL and presented by de Poel would certainly relieve the restrictions imposed by the new legislation and would, I believe, work well within our business.”

If you are interested in finding out more about ESENTUAL and how they can protect you against the new legislation contact Lara Watson – Agency Liaison Manager – Contact number 0870 242 3040 or alternatively lwatson@depoelconsulting.com

About de Poel
de Poel is the only consultancy in the UK to specialise in workforce supplier management solutions.

de Poel is a privately held company founded in 2001.  Over the past six years the company has experienced rapid growth and has a prestigious client base including blue chip organisations from a wide range of sectors, ranging from food manufacturing to transport and logistics.  de Poel’s headquarters are located in Cheshire, UK.