Employers are increasingly turning to the flexible workforce, including freelancers, to help them survive during the current turbulent economic climate.
The Agency Workers Regulations should not prevent organisations using umbrella company contractors to build a flexible workforce, according to the REC.
Since 2009, HMRC has sent out approximately 17 million letters to taxpayers, including umbrella company contractors. Now it has emerged that around 2,000 people have complained about the threatening tone of HMRC’s debt recovery letters.
Umbrella company contractors who have been longing to see the back of IR35 might be interested to learn that HMRC’s average yield per case has leapt by 100%.
Apparently, umbrella company contractors yearn for stability nearly as much as their permanent counterparts do, according to a survey commissioned by recruitment company Elan.
Millions of people, including umbrella contractors, could be in line for an early Christmas present from HMRC in the form of a tax rebate. 6 million income tax rebates will be made following the identification of PAYE errors in the years up to 2007/08.
Young people, including those who intend to work as a contractor through an umbrella company, think they will get a better job if they persevere with their education and obtain good qualifications.