Managed Tronc Option

The Big Brother of Tronc solutions. A Managed Tronc is one where the scheme is registered with HMRC and a Troncmaster is responsible for the whole process including managing the PAYE scheme with HMRC.

Here we take care of the Troncmaster responsibilities ensuring compliance and administration of HMRC regulations and ensuring the members of the Tronc qualify for their NI savings.

A separate PAYE scheme for your Tronc

If you would prefer or already have the more onerous style of Tronc with a separate PAYE, our Managed Tronc service provides the independent Troncmaster you need to qualify for National Insurance savings and a team to take care of the administrative headache and burden.

Features

Attracts NI savings
Keeps employers compliant
Separate PAYE created and managed
Highest cost to operate

Troncmasters role

As Troncmasters we are responsible for:

Working with your employees to create the Tronc
Building a Tronc constitution
Agreeing and building the rules around starters and leavers
Working with your team to develop and codify the tip sharing rules
Building a customer policy
Calculating employees share of tips based on tronc rules
Advising you on amounts to be paid

Organisation is responsible for:

Advising the value of the tips, gratuities and voluntary service charges each period
Letting us know about new starters and leavers each period
Paying employees

Benefits of this solution

As with all our Tronc scheme options, employees receive their NI savings.

With a Managed Tronc scheme employers demonstrate absolute transparency that the Tronc is not managed by them and the Tronc itself reports separately to HMRC. The Managed Tronc service steps in to provide employer independence and to undertake the onerous tasks managing HMRC compliance, not something an employee (acting as the Troncmaster) is usually willing to do.

The downside to this approach is costs due to the increasing administration involved.

Want to find out more about our managed tronc option?

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