The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
HMRC is continuing to update their list of publicly named tax avoidance schemes. On the 29th of September, HMRC added three new businesses to the list – Focus Contractor Limited, Greenwich Contracts Ltd, and Nicely Paid Limited. Keep reading and find out more information about these three organisations. Focus Contractor …
Three new tax avoidance schemes are named by HMRC (29 September 2022) » Read the full story
CEO of Professional Passport, Crawford Temple, has called for the government to “start with a clean sheet of paper and design a strategy for the modern worker”. This comes following the announcement that the IR35 off-payroll working rules are to be repealed from April 2023. Keep reading and see what …
The government has announced a repeal of the off-payroll (IR35) legislation that was rolled out in 2017 (public sector) and 2021 (private sector) – and stakeholders are delighted. This article looks at the FCSA’s response to the mini-budget and the astonishing IR35 development. The UK’s economy is struggling, and we …
Astonishing news for contractors, freelancers and organisations who engage with temporary workers – the government is going to repeal IR35 rules (off-payroll) from April 2023. This news has been extremely well-received by industry stakeholders, but what does it mean for the industry, and what did Kwasi Kwarteng say on the …
New chancellor Kwasi Kwarteng has delivered the mini-budget (Friday, 23rd September). With the UK’s economy facing unprecedented challenges and the word “recession” being commonly used, the mini-budget lays out the government’s plans to boost the economy, protect families and help the UK power through these challenging times. This article summarises …
An overview of the key announcements in September’s mini-budget » Read the full story
First introduced by former Chancellor of the Exchequer Rishi Sunak, the 1.25% rise in National Insurance to fund health and social care will be reversed from November, leaving workers with more disposable income to tackle the harsh economic conditions ahead. To help ease the pressure on workers during the tough …
The 1.25% rise in National Insurance will stop in November » Read the full story
For decades, tax avoidance schemes have preyed on UK temporary workers and promised them enhanced pay retention. However, as we all know by now, tax avoidance schemes are not worth engaging with because they are unethical and could land contractors and freelancers in serious trouble in the future. This article …
The most common types of tax avoidance schemes » Read the full story
It seems as if HMRC is updating the list of named tax avoidance schemes every other week. Most recently (31 August), three new tax avoidance schemes have been named – Griffith Anderson Limited, Omni Contractors PCC Limited and Umbrella Agency Limited. Keep reading for more information. Omni Contractors PCC Limited …
Three new tax avoidance schemes make HMRC’s list (31 August 2022) » Read the full story
On 18th August, HMRC released the names of three more tax avoidance schemes that contractors and freelancers should avoid – ContractorCare Limited, PAYEme Limited and Gateway Outsource Solutions Limited. If you believe you have used one of these payroll providers in the past or you’re currently on their books, HMRC …
HMRC release the names of three more tax avoidance schemes » Read the full story
Industry bodies IWORK and Contractor Voice have teamed up to spread a message to contractors and supply chain bodies. With reports of a small number of umbrella companies unethically retaining workers’ holiday pay, the two industry bodies are encouraging compliant umbrellas to “publicly pledge to always give workers what is owed …
HMRC continue to name and shame tax avoidance schemes. Since we last posted on this subject, four more tax avoidance schemes have been announced on the government’s website – U R Group Limited, Pure Invoicing Limited, Industria PAYE Limited and Countrywide Partners Limited. Keep reading for more information. Who are …
If you are in the middle of choosing a new umbrella company, you are probably trying to identify a cheap umbrella company to ensure you maximise your pay retention. However, there are a lot of factors to consider when determining whether a cheap umbrella company is worth engaging with. This …
How cheap is a cheap umbrella company? » Read the full story
After a legal battle with HM Revenue and Customs (HMRC), a tax avoidance scheme promoter has been handed a fine of over £1 million. Keep reading and find out more about this ground-breaking case, including details of the company that has been punished and how the £1 million fine was …
HMRC hands out £1 million fine to promoter of tax avoidance scheme » Read the full story
After dozens of resignations, the inevitable happened, and Boris Johnson resigned as Prime Minister. With a new PM due to take control in August, the Conservative Party is undergoing a massive transition, including a new leadership race. In an honest and compelling article on Contractor UK, Matt Fryer, MD at …
The government has released comprehensive guidance (26th July 2022) to help businesses and workers understand employment status and rights to ensure legislation is adhered to, and there are no ongoing complications. Keep reading, and we’ll summarise some of the important conclusions within the new guidance. “One-stop shop guidance” Released on …
Umbrella companies are getting a bad name because a few have let down their employees regarding holiday pay. This article isn’t here to argue for or against umbrella companies. Instead, this short text will help you understand how holiday pay should work when you are paid through an umbrella company. …
