The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
The Low Incomes Tax Reform (LITRG) has unveiled several valuable tips to help contractors pick a reliable umbrella company and stay clear from unethical providers. Please keep reading, and we’ll summarise the LITRG’s suggestions to help you find compliant umbrella companies. Anyone can set up an umbrella company, so be …
There are hundreds of umbrella companies in the UK – over 500 to be precise. However, with so many umbrella companies, how do you know whether you’re getting value for money? Keep reading, and we’ll explain whether or not there is such thing as an umbrella company discount and what …
Is there such thing as an umbrella company discount? » Read the full story
The coronavirus pandemic has significantly impacted the world, and especially the UK’s temporary workforce. However, while it may be tempting to choose an umbrella that’s offering inflated pay retention, its crucial contractors, freelancers and agency workers choose a compliant umbrella company for their payroll. Keep reading, and we’ll explain 10 …
10 reasons to choose a compliant umbrella company » Read the full story
If you’re new to umbrella companies, there is a lot of information to take on board. However, you’ve come to the right place, because the umbrellacompanies.org.uk website is full of useful umbrella company advice! Keep reading, and we’ll summarise ten key pieces of umbrella company advice for contractors, freelancers and …
10 pieces of useful umbrella company advice for contractors » Read the full story
Professional Passport, payroll intermediary compliance specialists, has released a thorough report on umbrella companies. In the 38-page document, Crawford Temple, CEO at Professional Passport, outlines the industry’s legislation for 40 years. He then provides a series of suggestions to HMRC on how to regulate umbrella companies and stop non-compliance. It’s …
We’ve noticed a lot of contractors moaning about their umbrella company because of pay retention. Nobody wants to lose large chunks of their income in taxes, but unfortunately, we all have to contribute to society. It’s not the umbrella company’s fault you’re inside IR35, and we’ll explain more in this …
It’s not the umbrella company’s fault you’re inside IR35! » Read the full story
The Recruitment & Employment Confederation (REC) has suggested that HMRC set up a dedicated umbrella company hotline to report non-compliance, unethical behaviour, and malpractice. What a jolly good idea! Keep reading and find out more. Non-compliant umbrella companies must be reported If you ever come across a non-compliant umbrella company, …
Shock! Umbrella companies are in the news again. It’s mightily frustrating to read that some umbrellas out there completely disregard the rules and put their employees at risk of non-compliance. Now seems the perfect opportunity to reassure our readers that most UK-based umbrella companies are compliant and provide a pretty …
The truth about umbrella companies in 2021 » Read the full story
Non-compliant umbrella companies are causing havoc in the industry. However, it’s worth remembering that compliant umbrella companies help the government and don’t contribute towards lost tax. Please keep reading, and we’ll explain what we mean. We also look at the difference between compliant and non-compliant umbrella companies. Helping contractors pay …
Compliant umbrellas help the government and don’t contribute towards lost tax » Read the full story
We’re grateful to have some friends within the umbrella company marketplace who are well-positioned to share valuable experiences with our readers. We’re surprised to hear the number of contractors who complain to umbrella companies about their take-home pay and how other umbrella companies are quoting them more. Some temporary workers …
Greedy contractors could be fueling tax avoidance schemes » Read the full story
In recent news, the umbrella company industry has come under fire, and there are calls for umbrella companies to be regulated. This article looks at why there is a demand for umbrella companies to be regulated. We also suggest what we would like to see in terms of regulating the …
Should umbrella companies be regulated? » Read the full story
We have been made aware of an umbrella company offering contractors dividend payments to increase their pay retention. We’re not here to name names, and we’re not here to scaremonger. However, we are here to educate our readers and help contractors, freelancers, and temporary workers make well-informed decisions regarding their …
Yet again, a new umbrella company fraud case has come to light, and it’s extremely disappointing. This time, greedy agencies are engaging with mini umbrella companies to reduce their costs, while putting their candidates at risk of non-compliance with HMRC. It’s never been more important to use a compliant umbrella …
Which umbrella companies are accredited by the FCSA and Professional Passport? » Read the full story
Mini umbrella companies have hit the news again as it’s become apparent that some dishonest and greedy recruitment agencies have engaged with them to pay their temporary candidates. Astonishingly, a BBC investigation found that mini umbrella companies were paying some Covid test centre workers. These pose a serious threat to …
The government has released some guidance online designed to help contractors, freelancers and agency workers who may require the services of an umbrella company. ‘Working through an umbrella company’ is a short piece of text (estimate 5-minute read) that will help cover the basics of umbrella payroll and provides you …
Official government guidance: Working through an umbrella company » Read the full story
Before this article, we wrote a short piece about the advantages of using umbrella companies. Now, we wanted to look at the other side and write another blog – this time focusing on the disadvantages of using an umbrella company. Keep reading to find out more. Not the most tax-efficient …
What are the disadvantages of using an umbrella company? » Read the full story
