New software solution that calculates savings for employers available as ‘pay as you save’
Ztravelex is a software solution designed by Zeel Solutions that will allow employers to make considerable cost savings in line with the HMRC ‘Travel & Subsistence’ scheme.
This scheme allows employees to claim a non taxable travel and subsistence value which can be deducted from their gross pay in turn reducing the tax and national insurance contributions. By reducing the employee’s gross pay this obviously then reduces the employer’s national insurance contributions therefore resulting in significant savings for the employer if they deal with large volumes of employees.
Zeel Solutions has developed Ztravelex as current recruitment payroll systems cannot complete the calculation process of this scheme. Using the latest web development and integration tools, Zeel Solutions has built an advanced and bespoke solution enabling employers and their workforce to benefit from the ‘Travel & Subsistence Scheme’.
Ztravelex has been developed to offer seamless integration with employers existing payroll systems therefore avoiding any modifications or changes and again like Zxchange protecting investments.
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The recruitment markets have been valued at £24.84 billion in the year ending March 2006 by the Recruitment and Employment Confederation (REC)