Umbrella Companies | Latest News

HMRC to clamp down on last gasp dividend payments

By UCHQ Team March 18, 2010

Limited company contractors could once more be in the firing line with HMRC. According to accountancy firm Smith & Williamson, HMRC will be closely monitoring the use of dividend payments between now and the end of the tax year.

Umbrella company workers could benefit from drop in confidence

By UCHQ Team March 18, 2010

The REC has just published its latest Jobs Outlook report and the news looks good for contractors over a range of sectors.

Paying too much tax? Check your tax code!

By UCHQ Team March 16, 2010

HMRC is urging employees, sole traders, limited company contractors and umbrella company workers to contact them if they believe they have received an incorrect tax code this year.

Umbrella companies could be deducting more income tax

By UCHQ Team March 16, 2010

During their spring conference at the weekend, the Liberal Democrats announced that they want to see the income tax threshold raised to £10,000.

REC to produce guidance on the Agency Workers Directive

By UCHQ Team March 12, 2010

With full implementation of the Agency Workers Directive less than 20 months away, the REC has announced that it will issue new guidance to help recruiters, contractors and umbrella companies ensure their businesses are compliant in time for October 2011.

Umbrella companies brace themselves for the Budget

By UCHQ Team March 11, 2010

The last budget before the general election will be presented on March 24th, the Treasury confirmed yesterday. It is thought that the Chancellor will unveil his plans to cut the growing public deficit by 50% over the next 5 years.

Umbrella companies, benchmark scale rates, and dispensations

By UCHQ Team March 10, 2010

One of the gripes that many umbrella companies have it the inconsistency of scale rates between umbrellas which in turn creates an unlevel playing field.

Complex UK tax regime provides opportunities for umbrella companies

By UCHQ Team March 9, 2010

The Federation of Small Businesses believes that the complex tax laws in the UK are hampering SMEs’ ability to grow.

Give umbrella companies a break!

By UCHQ Team March 6, 2010

You’ve got to feel sorry for umbrella companies. Apart from the odd hiccup (Albany), they provide a stonkingly good service to contractors and have done for the best part of ten years.

Companies that offer business services well placed

By UCHQ Team March 4, 2010

Companies selling consumer services are seeing improved fortunes according to the latest research from the CBI.

Business groups unite against National Insurance hike

By UCHQ Team March 2, 2010

The government’s proposed hike in NI contributions is causing more controversy and now leading business groups are calling for the charge to be retracted.

New method of collecting tax could benefit umbrella companies

By UCHQ Team February 25, 2010

The Tory party is looking at ways to change the way employees pay NICs and income tax contributions. At present employers deduct these contributions at source and forward the monies to HMRC.