Tipinc is cleared by HMRC so that we act as your troncsystem and all tips received by your team are treated the same as cash tips.
Already using a troncsystem?
It is universally accepted that the processing of tips generally incurs a 5% cost to businesses, covering fees, bank charges and third party costs such as Tronc. In a society with less cash, research shows that many customers do not leave a tip if they don’t have cash because they do not trust where their tip will go but if they do know that the team or server receives 100% of the tip, they are inclined to be more generous.
No troncsystem in place?
Employer and employee national insurance contributions can add up to more than 25% of the tip! We remove those unnecessary costs from the business and ensure that the team does not incur any national insurance taxes.