Founded by ex HMRC expert Peter Davies in 2013, WMT Troncmaster Services is now the UK's leading and largest Troncmaster service provider.
Timeline
Tipping first mentioned in Tudor England.
Income Tax introduced in the UK. Tips are now taxable income (boo!).
The word 'Tronc' is first reported to be used in France for collecting boxes in churches to collect donations for the poorer in society (tronc des pauvres)
Exemption from National Insurance Contributions on tips first introduced
Tips confirmed as outside of the scope of VAT
Discretionary service charges first appear in the UK
HM Revenue and Customs begin large scale investigations into tipping practices and tronc systems ('Operation Gourmet'). Peter Davies, our Managing Director, is responsible for the operational aspect of this initiative.
Peter Davies leaves HMRC for the accountancy profession and starts work helping hospitality businesses to run legal, effective and fair tronc systems
Legislation introduced to prevent businesses from using tips and service charges to pay the National Minimum Wage
WMT start the first independent, outsourced Troncmaster Service
Government consultation on tipping practices in the UK begins, following reports in the media of alleged unfair tipping practices by some operators. First Troncbox software system released to clients, improving efficiency in the management of their tronc schemes
Prime Minister Theresa May announces that legislation will be introduced to ensure that all tips go to workers
WMT begins work on expanded and upgraded Troncbox software to offer clients and their employees increased functionality, analytics and visibility
Employment (Allocation of Tips) Bill introduced as a Private Members Bill by Dean Russell MP. It receives cross party support in the House of Commons.
The new Troncbox software is launched in advance of the Employment (Allocation of Tips) Bill becoming law
The Employment (Allocation of Tips) Bill and statutory Code of Practice is expected to take effect
For employers
Peter Davies founded WMT Troncmaster Services in 2013 and the company has grown from strength to strength, joining forces with Moore Kingston Smith in 2024.
For employers
Peter's experience as an Inland Revenue investigator for HMRC in the early 2000s has resulted in a wealth of experience and knowledge in the hospitality sector, specifically the legislation behind tips, service charge and tronc administration.
Peter founded WMT Troncmaster Services with two aims which remain constant to this day; a commitment to fairness, visibility and transparency for hospitality staff, and to provide operators with systems that deliver financial savings, peace of mind, and operational benefits from happy and motivated teams
Features
We guide you through the actions you need to take and the changes you need to make to introduce a fair and transparent tronc scheme.
We advise you and your team of the options available and recommend the best ones for you.
TroncBox will give you the data you need about the tips and service charges processed through your tronc system.
We are your tronc team, comprising over 20 professionals, based in St Albans, Hertfordshire. We are humans, not robots, and we are here to guide and support your journey.
We listen to you to understand the goals and aspirations of your business. We think about the needs of you and your team and challenges from a number of different perspectives.
We are members of, and regulated by, the Institute of Chartered Accountants of England and Wales, to ensure that you and your team receive the highest standards of professionalism and ethics.
Trusted & regulated
