Contractors and freelancers in the UK are commonly faced with two options when choosing how to operate: umbrella company vs limited company. Our latest article provides an overview of an umbrella company and a limited company, plus the advantages and disadvantages of both options to help you determine which option […]
Umbrella company vs limited company » Read the full story
Receiving your first payment from an umbrella company can often be confusing, especially if you are new to contracting or have previously worked via a limited company. Before registering with an umbrella company, contractors usually ask: “How much money will I earn when I work via an umbrella company?”. Our
How much money will I earn when I work via an umbrella company? » Read the full story
The Supreme Court has rejected an appeal by the Professional Game Match Officials Limited (PGMOL) challenging a £584,000 tax bill imposed by HMRC about the employment status of 60 referees. Although a final judgement has not been made, the Supreme Court has remitted the case to the First-tier tribunal to
UK Supreme Court rejects PGMOL appeal over £584,000 tax bill » Read the full story
To help the UK’s economy recover from the devastation caused by the coronavirus pandemic, the government has announced a 1.25% increase in National Insurance (April 2022), as well as a new Health and Social Care Levy (April 2023). A rise in National Insurance was perhaps unavoidable. However, the self-employed are
We’re grateful to have some friends within the umbrella company marketplace who are well-positioned to share valuable experiences with our readers. We’re surprised to hear the number of contractors who complain to umbrella companies about their take-home pay and how other umbrella companies are quoting them more. Some temporary workers
Greedy contractors could be fueling tax avoidance schemes » Read the full story
When you’re paid through an umbrella company, you’ll receive a payslip that’ll show similar deductions to an employee in a permanent position. However, there are a few key differences that you need to be aware of. Keep reading and we’ll explain what deductions appear on an umbrella company payslip. Margin
What deductions appear on umbrella company payslips? » Read the full story
If you’re using an umbrella company for your payroll, or you’re considering it, you should already know what Pay as You Earn (PAYE) is. However, if you’re not, or you’d like a friendly reminder – keep reading! We’ll cover the basics. What is PAYE? Pay as You Earn, or usually
What is Pay as You Earn (PAYE)? » Read the full story
The following editorial has been written for umbrellacompanies.org.uk by Umbrella Company UK – an FCSA accredited umbrella company. Umbrella company deductions are single handily the cause for most confusion to contractors and freelancers – and it’s no surprise. While using an umbrella company is very similar to permanent employment (PAYE),
Understanding Umbrella Company Deductions [Sponsored Editorial] » Read the full story
January already! Well, didn’t Christmas just fly by in a heady daze of socials and locals and too much time with friends, family and a box of Quality Street? To be honest, we’re quite glad to be back in the office and the regular cut and thrust of high paced
Tax Doesn’t Have to be… Fattening? » Read the full story
News is reaching us here at a rainy UCHQ that the Government may be set for a few more fireworks than even Guy Fawkes managed way back in 1605. Voice of many, Contractor UK, has summoned the troops in the form of a group of other contractor allies, and has
Another Month, Another IR35 Twist in the Tail » Read the full story
Today, Chancellor Osborne delivers the first Tory-only budget for almost two decades. Paul’s laughing. Peter? Not so much.
Why this budget will only deliver conservative changes » Read the full story
We have an idea of how Chancellor Osborne will raise the higher tax rate threshold following the budget. But does it go far enough soon enough?
High earnings tax threshold raised, but does it do enough? » Read the full story
The Conservatives are courting freelancers and umbrella company contractors by breaking news that a future Conservative government may overhaul the tax system.
Tories court contractors by suggesting tax system simplification? » Read the full story
Well that’s the Budget over and done with for another year. During Prime Minister’s Questions directly before the Chancellor’s speech, David Cameron joked that we were in for a kaleidoscope budget.
Did George Osborne deliver a kaleidoscope Budget? » Read the full story
It’s Budget Day tomorrow; the weeks of speculation will be over and UK taxpayers, including umbrella company contractors, will discover what is in store for them over the next 12 months.
Are umbrella company contractors waiting with bated breath for the Budget? » Read the full story
No sooner has the furore surrounding Mr Lester died down, it now transpires that the Department of Health has been paying 25 senior members of staff through limited companies. In fact more than £4 million has been paid out in this way.
Are Government contractors exempt from IR35? » Read the full story
