The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
On the 3rd of December 2024, HMRC released an umbrella company calculator that contractors, employment bodies and recruitment agencies can use to get a detailed understanding of take-home pay through an umbrella company. Over the recent years, HMRC has really stepped up its efforts to support temporary workers and organisations …
The Autumn Budget 2024 unveiled the plans to crack down on noncompliance in the umbrella world, raise National Minimum Wage, and increase Employer’s National Insurance Contributions to name a few. Like a line of dominos, these changes are sure to impact everyone in the contractor chain, including agencies and end …
With the Labour government coming to power for the first time in 14 years, the expectations of the Autumn Budget 2024 have been widely speculated on. One announcement which came as a shock to people was the rise of Employer’s National Insurance from 13.8% to 15%. While this happens the …
Employer’s National Insurance is rising from 13.8% to 15% » Read the full story
Today (30th October 2024), Chancellor Rachel Reeves delivered the new Labour government’s first Budget. Our latest article summarises the key announcements in the Autumn Budget 2024. Overview of the Autumn Budget 2024 The Chancellor announced that the Autumn Budget aims to fix the foundations of the economy and deliver change …
Autumn Budget 2024: What were the Chancellors’ Key Announcements? » Read the full story
Creating a memorable brand experience is essential for companies that want to connect with their audience on a deeper level. It’s not just about presenting a product or service; it’s about leaving a lasting impression that resonates with consumers. By crafting thoughtful experiences, brands can foster loyalty, encourage word-of-mouth marketing, …
How to Create Memorable Brand Experiences That Drive Results » Read the full story
For contractors, especially those operating under umbrella companies, navigating a maze of unique challenges when vying for positions in the competitive job market is almost like navigating a maze of unique challenges. Crafting a standout CV is crucial to setting yourself apart from the crowd. Essentially, tailoring your CV becomes …
Contractor’s Edge: Making Your CV Stand Out in the Umbrella Company Sector » Read the full story
The Supreme Court has rejected an appeal by the Professional Game Match Officials Limited (PGMOL) challenging a £584,000 tax bill imposed by HMRC about the employment status of 60 referees. Although a final judgement has not been made, the Supreme Court has remitted the case to the First-tier tribunal to …
UK Supreme Court rejects PGMOL appeal over £584,000 tax bill » Read the full story
HMRC has shared another press release with the umbrellacompanies.org.uk team about a recent case where a £900,000 penalty was imposed on a tax avoidance scheme promoter. Please keep reading for more information. ——– START OF PRESS RELEASE ——– A tax avoidance promoter whose schemes were used by locum …
HMRC press release: £900,000 penalty for promoter of tax avoidance scheme » Read the full story
The Chancellor of the Exchequer, Jeremy Hunt, delivered this year’s Spring Budget 2024 to the House of Commons on March 6, 2024. Our latest article highlights the Chancellor’s key announcements. Overview of the Spring Budget 2024 The Chancellor’s Spring Budget 2024 focused on tax cuts for parents and workers and …
Spring Budget 2024: The Chancellors Key Announcements » Read the full story
Contractors who source temporary assignments through recruitment agencies and are inside IR35 are given two options for their payroll – agency PAYE or registering with an umbrella company. This article explores what agency PAYE is and how it is different from registering with an umbrella company and becoming an employee …
There are plenty of advantages to becoming an umbrella company employee, but it’s important to weigh those advantages against any potential drawbacks. Our latest article discusses the disadvantages or becoming an umbrella company employee. Not as tax-efficient as forming a limited company The tax advantages of limited companies are not …
What are the disadvantages of becoming an umbrella company employee? » Read the full story
We’ve outlined the primary reasons why contractors and freelancers prefer to use umbrella companies for their payroll for contracts inside IR35. Additionally, we’ve provided an overview of what an umbrella company is for your information. An umbrella company: what is it? An umbrella company is frequently used by recruitment firms …
What are the benefits of becoming an umbrella company employee? » Read the full story
Because of the numerous financial and professional advantages, operating through a Personal Service Company (PSC) is a popular option for contractors and freelancers based in the UK who are considered to be outside of IR35. The advantages and disadvantages of contracting via a PSC are examined in our most recent …
An enormous number of illegitimate umbrella companies that operate tax avoidance strategies to lower their tax responsibilities to HMRC are found by HMRC each year, despite their apparent legitimacy. An individual employed by these schemes (even if unaware of any illegal activity) could be subject to severe penalties. We’ve compiled …
Spotting a tax avoidance scheme in 2024 » Read the full story
As a contractor, becoming a director of a limited company may seem overwhelming. The actions you must take to successfully launch your own business are listed below. 1. Select a name for your business Selecting a company name that is both distinctive to your business and pertinent to your industry …
How to set up a limited company in the UK » Read the full story
We have put together this brief article to give you all the information you need to decide whether or not to transition into contracting if you are thinking about doing so. Why should you consider contracting? There are several benefits to taking on a contract role, including: You have considerably …
Contracting in the UK: When should you consider becoming a contractor? » Read the full story
