The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
After enduring a seven-year battle with HMRC, the BBC and ITV presenter and journalist Adrian Chiles has won his £1.7 million IR35 tax tribunal. Continue reading as we discuss the key factors in the presenter ultimately winning the case. Background to the case The tax authority had handed Adrian Chiles […]
Adrian Chiles Wins IR35 Tribunal » Read the full story
The Chancellor will impose an increase in both employers’ and employees’ National Insurance Contributions (NICs), which will take effect from April 6th 2022. The increase being imposed is 1.25 percentage points, meaning the actual rise is about 9% for employers and 10% for employees. For some time, most freelancers working for end clients through an umbrella company have
As umbrella companies are in higher demand than ever before, we’ve created an umbrella example to help explain how the payroll businesses work, and how the supply chain interacts to ensure temporary workers are paid on time. Keep reading for more information, including access to our umbrella company example infographic.
Advice for contractors: An umbrella company example » Read the full story
The deadline is this evening! If you are a contractor, freelancer, recruitment agency or end-hirer who engages with umbrella companies, please help the government with the call for evidence into umbrella companies. The consultation closes this evening at 11:45 PM. Your input could help shape the future of the umbrella
In 2016, the government introduced legislation referred to as Supervision, Direction and Control (SDC). Effectively, this put an end to contractors and freelancers working through an umbrella company from claiming tax relief on travel and subsistence expenses. However, we still hear reports of umbrella companies promoting that they will process
Be Wary Of Any Umbrella Company That’s Actively Promoting Expenses » Read the full story
Last year, the government opened a call for evidence into umbrella companies, and they want the entire supply chain to contribute. Whether you’re a contractor or freelancer or represent an agency or end-client, please participate and help the government better understand the marketplace. It looks like regulations will be arriving
We’re delighted to announce that our team has been lucky enough to have an exclusive interview with Chris Bryce – the new CEO at the Freelancer and Contractor Services Association (FCSA). Please keep reading to discover Chris’s thoughts on his new job, the FCSA, regulating umbrella companies, and advice for
An exclusive interview with Chris Bryce – the new CEO at the FCSA » Read the full story
Last year, the Employment Appeal Tribunal ruled against Gary Smith, a past heating engineer at Pimlico Plumbers, regarding backdated holiday pay. However, having appealed further, the Supreme Court has ruled in favour of the previous employee in a ground-breaking case. Keep reading, and we’ll summarise the recent case and remind
A few weeks ago, Parasol, a leading umbrella company, was struck by a cyber-attack that caused severe issues to the company’s operations. Now, it appears the impact of the attack remains, and angry employees have taken to Twitter to share their displeasure. The last public update from Parasol was well
What is going on at Parasol Group? » Read the full story
There is a common misconception that umbrella companies are raking it in. In reality, the only income that umbrella companies generate is the margin they deduct in exchange for the administrative payroll service they provide. Find out more about how umbrella companies make money in this article. What is an
How Do Umbrella Companies Make Money? » Read the full story
Switching umbrella companies is a straightforward process, and providing you’re joining a reputable provider with streamlined processes in place, it won’t take long. However, are you better off putting up with the substandard service until you finish your current assignment, or are you better off moving mid-contract? Keep reading, and
Can You Switch Umbrella Company When Mid-Contract? » Read the full story
Okay, so we’re a little late to the party regarding sharing this article. However, we know that many umbrella company representatives visit our website for helpful information and we have decided it would be irresponsible of us not to share this very informative article. Written by the team at My
The entire umbrella company and contractor accountancy sector has been shaken by multiple cyber security attacks that have had devastating consequences. This article examines the cyber-attacks that have targeted umbrella companies and contractor accountants, including Giant Pay, Brookson, Parasol and SJD Accountancy. September 2021 – Giant Pay On Friday 24th
Another brand under the Optionis Group, SJD Accountancy, has also been hit by cybercriminals. Earlier today, we wrote an article about a similar threat faced by Nixon Williams – contractor accountants within the Optionis Group. Here is what we know. Two Optionis brands, Parasol (umbrella company) and Nixon Williams (contractor
“Key systems” at SJD Accountancy impacted by cyber security incident » Read the full story
2022 has already been a very stressful year for several leading umbrella companies that have been subjected to malicious cyber threats, including Brookson and Parasol. Now, it appears another leading umbrella company and contractor accountant has been targeted by cybercriminals – Nixon Williams. We’ve found an update on the Nixon
If you’re new to umbrella companies, you will probably have many questions about how they work and process your payroll. Our Team has put together a complete guide to umbrella companies, and it sets out to answer all of the most commonly asked questions about umbrella companies and how they
Download our complete guide to umbrella companies » Read the full story
