JustTip Launches JustTronc: A new tool for all hospitality big and small to stay compliant with the new tipping laws
Hospitality as an industry has faced its fair share of challenges in recent years. With hospitality businesses across the UK facing rising wage costs as well as the recent NIC increases, there has been a growing demand across the hospitality industry for tools that help reduce costs. JustTip, the fintech Tipping platform has launched a new digital tronc solution (JustTronc) designed to significantly reduce Employer National Insurance Contributions and bring businesses in line with new tipping legislation. The platform offers a more accessible, compliant and cost-effective alternative to traditional accountant-run schemes.
JustTronc allows businesses to run a tronc scheme that can eliminate both employer and employee National Insurance Contributions (NIC) payable on all tips and service charges. The platform supports compliance with HMRC rules under the Employment (Allocation of Tips) Act, removing up to £5,000 per employee in liability for the business. Simply put, no Employers NIC on tips to help businesses save and no NIC for Employees so they earn more.
Traditional tronc systems on the market today can be expensive and inefficient. They often can come with high setup and management costs, including accountant fees and manual processes. These systems typically lack real-time reporting and offer limited transparency for staff and the business.
“Tronc solutions should be accessible and easy to use with real time data” said Ciara Walsh [Co-founder] at JustTip. ” “We’ve built a system that gives every operator the tools to run an HMRC-compliant tronc and put more money back into their business.”
With JustTip Tronc, businesses can reduce unnecessary NICs on tips and service charges, while team members gain clarity and confidence in how tips are shared. It’s a modern solution designed for today’s workforce removing hours of administration and simplifying compliance.
JustTip™ helps UK businesses by:
- Bringing your business in line with new legislation, avoiding potential liabilities of up to £5,000 per employee
- Saving your business 15% in National Insurance Contributions on all tips
- Taking away the hassle of managing and distributing tips
- Improving staff acquisition and retention and protecting against potential negative market perception
JustTip™ provides customers with:
- An easy way of tipping in a cashless society
- A safe and secure way to tip
- Peace of mind that tips will go directly to the service provider
JustTip™ enables UK employees to:
- Earn more tips
- Save 8% NICs on tip income
- Provides transparent tip payments and deposits tips directly to employees’ bank accounts
JustTip Tronc is now live across the UK
