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 …
Changes to off-payroll in the private sector are set to roll out in April 2021. They may be a year late, but they’re coming! It’s expected that several limited company contractors may find themselves inside IR35 at some point in the future, and as a result, umbrella companies may see …
Umbrella company contractors may be interested to learn that HMRC only yielded slightly over £200,000 last year from their enquiries into the IR35 status of self-employed workers.
Umbrella company contractors, freelancers and other self employed workers might not be too happy when they read the recommendations of an influential think-tank regarding Britain’s taxation system.
The REC has written to the chairman of the Office of Tax Simplification highlighting the importance of a comprehensive review of the IR35 regulations.
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.
