The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
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.
Stakeholders have recently scrutinised the FCSA because of recent changes to their Codes of Compliance. In this article, we share an exclusive interview with Chris Bryce, CEO of the FCSA. Chris explains that the FCSA “wish to set the record straight” and has provided excellent insight into what has happened.
CEO and Founder of Crunch Accounting, Darren Fell, has released a post via Crunch’s LinkedIn profile explaining why he is “utterly delighted” that Rishi Sunak has resigned as Chancellor of the Exchequer. In the statement, Darren also explains why he believes Rishi should “never be allowed to come back to
Since we last reported, HMRC has updated its list of named tax avoidance schemes, promoters, enablers and suppliers. The newest additions are Novus Consultants Limited, Paybox Umbrella Limited, Saxonside Limited and T2 Outsourcing Limited. Keep reading and find out more about these unethical payroll providers and HMRC’s description explaining why
The Freelancer & Contractor Services Association (FCSA) has recently updated its Codes of Compliance to ensure all members process holiday pay correctly and in the best interests of temporary workers. However, some stakeholders have responded negatively to the changes, suggesting the wording is a watered-down version of what should be
The Freelancer & Contractor Services Association (FCSA) has recently updated its Codes of Compliance to clarify the confusion surrounding umbrella companies and holiday pay and to strengthen compliance by its members. However, the recent updates have been scrutinised by industry stakeholders. Contractor UK said the “FCSA rubbed out words proposed
The FCSA has recently updated its Codes of Compliance in response to industry-wide frustration surrounding a few umbrella companies retaining their workers’ holiday pay. Such practice is providing a handful of umbrellas with significant boosts in profits, but the practice is unethical and has rightfully been heavily reported on. In
Umbrella companies and holiday pay – what is going on in the industry? » Read the full story
