The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.
Exciting news – umbrella company regulations remain on the government’s mind as a new consultation is launched to tackle non-compliance within the umbrella company sector. In November 2021, the government published a call for evidence in the umbrella company sector. On the 6th of June 2023, the results were published, …
We’ve heard reports that a leading umbrella has increased its basic weekly margin to almost £30. This is a considerable amount of money, and we wanted to share our views on what makes an umbrella company margin good value. With the UK’s economy as it is, we can all benefit …
In our opinion, a £29.75 per week umbrella company margin is too high » Read the full story
Tax avoidance schemes remain a serious concern to stakeholders within the contractor payroll and staffing sector. While most umbrella companies operate compliantly, some unethically aim to boost take-home pay by reducing tax and National Insurance Contributions. Recently, the government has opened a consultation to review tougher consequences for promoters of …
To protect contractors and freelancers using umbrella companies in the UK, the FCSA has teamed up with SafeRec to provide a free payslip review service. It is free and available to employees of any umbrella company – not just those using an FCSA-accredited umbrella for their payroll. Keep reading for …
FCSA launches umbrella company payslip review initiative powered by SafeRec » Read the full story
Last year, Orange Genie, an FCSA-accredited umbrella company, was accused of salary skimming – a practice where an umbrella unethically retains more than its margin, and employees are left out of pocket. On the back of an investigation, the FCSA suspended Orange Genie for six months. On Friday, 5th May …
It seems like only yesterday we published an article about two new companies that had been published in the government’s list of named tax avoidance schemes, promoters, enablers and suppliers. Now, updated on the 11th of May 2023, five new companies have been added to the list: Collect Consulting Limited, …
HMRC has busy May as five new companies added to list of tax avoidance schemes » Read the full story
On Thursday, 20th April 2023, HMRC added two companies to its list of named tax avoidance schemes, promoters, enablers and suppliers – Acacia Resourcing Services Limited and Marquee Limited. Please keep reading for more information about these two companies, including why HMRC deem them non-compliant. HMRC is continuing to update …
Umbrella company costs can often be an area of confusion for contractors and freelancers. Therefore, to explain how umbrella costs work and what an umbrella company margin is, we’ve created a short video entitled – how much does it cost to use an umbrella company? Please scroll down to watch …
Video: How much does it cost to use an umbrella company? » Read the full story
Compliant umbrella companies will provide their employees with comprehensive insurance cover – at no additional cost. Our latest video explains what insurance is included when using an umbrella company. We hope you find it helpful. Transcript – What insurance is included when using an umbrella company? One of the benefits …
Video: What insurance is included when using an umbrella company? » Read the full story
One umbrella company-related topic that creates the most confusion amongst contractors, freelancers and recruitment professionals is employment costs. To help explain umbrella company employment costs, what they are, and how they’re calculated, we’ve created a short video available below. We’ve also included the transcript and a link to the new …
Video: What are the employment costs when using an umbrella company? » Read the full story
In our latest video, we explain how compliant umbrella companies should process the holiday pay of employees. We hope you find it helpful. Please visit the Umbrella Companies YouTube Channel for more short videos that answer the most frequently asked questions about umbrella companies. Video transcript – How should umbrella …
Video: How should umbrella companies process holiday pay? » Read the full story
After completing your research, you may decide it’s time to register with your preferred umbrella company. However, before an umbrella can process your payroll, there are several stages to the registration process that you must complete to become an employee of the umbrella. In our latest video, we explain the …
Video: How do you register with an umbrella company? » Read the full story
One of the most frequently asked questions relating to umbrella companies is: “how do pensions work with an umbrella company?” To help our readers understand umbrella company pensions, we’ve created a short video that explains the basic information you need. Please keep reading to see the video and the supporting …
Video: How do pensions work with an umbrella company? » Read the full story
We’ve added a new video to our YouTube series. In this short animated clip, we explain what expenses you can claim through an umbrella company. Please scroll down to see the video and the supporting transcript. Transcript – Can you claim expenses through an umbrella company? Before 2016, many umbrella …
Video: Can you claim expenses through an umbrella company? » Read the full story
Our latest video summarises the most common disadvantages of using an umbrella company for payroll. Please keep reading to see the video and the transcript and learn more about our new YouTube Channel. If you haven’t got time to watch the video above – don’t worry. Below is a transcript …
Video: What are the disadvantages of using an umbrella company? » Read the full story
Before registering with an umbrella company, it’s important you understand the advantages and disadvantages of using one for your payroll. Like most things in life, it’s important to compare the pros and cons before making an important decision. In this article, we share our new video explaining the advantages of …
Video: What are the advantages of using an umbrella company? » Read the full story
