The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
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
For your payroll, you must only work with compliant umbrella companies to avoid underpaying taxes and owing HMRC thousands of pounds. Verifying if the umbrella company you wish to work with is SafeRec Certified, FCSA Accredited, or Professional Passport Accredited is one way to make sure they are operating in …
HMRC has shared a recent press release with our team and we thought you would find it helpful. Please keep reading to learn more about the new scheme, which is associated with Darren Patrick-Green and involves contractors engaging with a Singapore company, Procorre LLP, to avoid paying Income Tax and …
HMRC expose new “complex tax avoidance scheme” » Read the full story
An overview of the off-payroll working restrictions and IR35 A section of tax legislation known as IR35 went into effect across the United Kingdom in April 2000 and aims to differentiate between contractors who operate as legitimate self-employed businesses (via a limited company often referred to as a personal service …
The intersection of technology and contractor work is reshaping how you manage your projects and ensure compliance. For contractors and businesses hiring them, keeping up with the latest technological advancements is crucial for streamlining your workflow and staying ahead in a competitive market. Whether through sophisticated software for project management …
How advanced tech can ensure contractor compliance and safety » Read the full story
