The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
In a recent article published by the FCSA, a warning has been issued to recruitment agencies that refer candidates to umbrella companies. It’s become apparent that criminals are pretending to represent well-respected umbrellas under fake companies (with almost identical names) in an attempt to trick agencies into sending payments to …
Before you can officially complete your registration with an umbrella company, you will be required to provide them with plenty of personal information, including your name, address and bank account details. This article explains what personal information you need to give an umbrella company to be paid correctly and compliantly. …
What personal information do you need to give to an umbrella company? » Read the full story
Over a week after Giant Pay became the “victim of a sophisticated cyber-attack”, an update on the company’s website confirmed that on Friday 1st October 2021, Giant Pay had been able to make “over 18,000 payments to workers” and had “processed and paid all outstanding payrolls”. The full announcement from …
The security threats faced by Giant Pay and Unified Payroll have sent shockwaves through the umbrella company marketplace. Thousands of contractors have failed to receive their hard-earned salaries, and a lack of communication has caused extreme frustration by those impacted. We sincerely hope everything is resolved shortly. Our thoughts are …
There has been a long-standing wish from numerous stakeholders in the temporary workforce sector for the government to regulate umbrella companies. However, is regulating the umbrella company industry the correct solution to improve compliance and protect contractors, freelancers and agency workers? We’ve had a look at the pros and cons …
The pros and cons of regulating the umbrella company sector » Read the full story
Another umbrella company has been targeted by scammers resulting in failed payments to umbrella company employees. This time, Unified Payroll has been left “unable to remit any payments to any workers” due to “severe issues” with their payroll system. The entire company update is posted below. If you are an …
Leading umbrella company Giant Pay was forced to close down their systems on Friday 24th September due to “suspicious activity”. As a result, thousands of contractors have been left unpaid. Here is what we know so far. We sincerely hope the matter is resolved soon. If you use Giant Pay …
To help the UK’s economy recover from the devastation caused by the coronavirus pandemic, the government has announced a 1.25% increase in National Insurance (April 2022), as well as a new Health and Social Care Levy (April 2023). A rise in National Insurance was perhaps unavoidable. However, the self-employed are …
Before registering with an umbrella company, it’s common for temporary workers to request an umbrella company calculation to get a better understanding of take-home pay retention. However, before shopping around for an umbrella company that ticks all of your boxes, it’s crucial you understand how umbrella companies work, and how …
Understanding an umbrella company calculation: a short breakdown » Read the full story
Nobody likes the idea of a tax and National Insurance hike, but from April 2022, employees and employers will be expected to contribute towards the new health and social care plan. Umbrella employees will be subjected to a double-whammy, as we’re going to explain in this article. Keep reading, and …
How will the increase in National Insurance affect umbrella company employees? » Read the full story
Okay, so this is a little cheeky of us. We’ve recently seen a blog posted by a leading provider about umbrella companies and visas. The blog was extremely helpful, and as a result, we’ve decided to steal the content and re-write it for our readers! We’ll link to the original …
Umbrella companies and visas – what you need to know » Read the full story
We’re reading more and more trash online about umbrella companies and how “dodgy” and “unethical” they all are. We’re not here to mislead our readers, and some umbrella companies have acted poorly in the past and should be black-listed. However, most UK-based umbrella companies provide a valuable service that’s reliable …
Finding a good umbrella company: 10 tips for temporary workers » Read the full story
One of the most significant benefits of using an umbrella company is continuity of employment. However, what is continuity of employment, and why is it advantageous for contractors, freelancers and temporary workers? Keep reading, and we’ll explain what continuity of employment is and how it can help you out. Umbrella …
What is continuity of employment and how does it apply to umbrella companies? » Read the full story
The umbrellacompanies.org.uk is a trustworthy resource for contractors, freelancers and temporary workers in the UK. If you’re interested in using an umbrella company, you’re definitely going to be interested in our list of umbrella companies in the UK. However, rather than create a random list without much substance, we’ve created …
A trustworthy list of umbrella companies in the UK » Read the full story
Umbrella companies are experiencing demand like never before – due to recent changes in IR35 legislation (especially off-payroll in the private sector). However, with hundreds of thousands of workers requiring the services of umbrella companies to manage their payroll, does the government endorse umbrella companies? Keep reading, and we’ll answer …
Does the government endorse umbrella companies? » Read the full story
One common question that some temporary workers have regarding umbrella companies is whether or not there is a tie-in period with their services. We’ll answer this question below. However, in short – no. There is not a tie-in period with an umbrella company, assuming they’re compliant. Keep reading to find …
Is there a tie in period with an umbrella company? » Read the full story
