The Autumn Budget 2024 unveiled the plans to crack down on noncompliance in the umbrella world, raise National Minimum Wage, and increase Employer’s National Insurance Contributions to name a few. Like a line of dominos, these changes are sure to impact everyone in the contractor chain, including agencies and end …
Time and time again we hear “why is my umbrella taking so much of my money” or “my pay is too low through this umbrella, I want to find out what I can get through another one”. Sadly this is a misunderstanding, and tax avoidance schemes are to blame. They …
Your Umbrella Company Does Not Decide How Much You Are Deducted – HMRC Does » Read the full story
Changes to off-payroll in the private sector were scheduled to roll out in April 2020. However, after one of the most stressful and unpredictable years of all time, the amendments were put on hold for 12 months (Coronavirus pandemic). Despite a few rumours that the legislation changes will be postponed …
Under new employment legislation, recruitment agencies will present contractors and agency workers with a Key Information Document before a contract is signed or agreed. The Key Information Document will give you a realistic take home pay projection and outline the deductions you can expect to see to your pay. The …
Beware disreputable recruitment agencies and umbrella service companies, the IT contracting sector was recently warned by experts.
According to the latest research findings from FPS group, the majority of contractors working in the UK use resources such as umbrella service companies and recruitment agencies to find new projects and employers.
After the recent revelations that a lot of Government contractors were avoiding tax by paying themselves through a personal service company, the Treasury has announced that all contractors earning more than £220 a day will have to pay the correct tax if they have been in a department for longer than 6 months.
SQ Computer Personnel, a recruitment agency that specialises in jobs for IT contractors, said recently that it received more new instructions in March this year than it had in any other month during the last two years.
Recruitment agency Adecco recently said that the number of job vacancies was on the increase last month, news that will no doubt delight IT umbrella company contractors.
We’re continually hearing gloomy predictions about UK economic growth and demand for contractors in many sectors has been decreasing recently.
The Agency Workers Regulations should not prevent organisations using umbrella company contractors to build a flexible workforce, according to the REC.
Recent research findings from Badenoch & Clark show that nearly 67% of public workers have decided to remain in their current position and 31% say they are happy in their current role. Yorkshire has the highest percentage of content employees at 44.7%.
Robert Walters, a specialist recruitment agency, says that the HR sector is now actively looking for people with human resources and corporate responsibility skills. This should come as positive news for contractors who possess the requisite skill set.
