income tax Archives | Umbrella Companies

income tax

Boris’s plan to increase National Insurance and dividend tax will “squeeze the battered self-employed community”

Boris’s plan to increase National Insurance and dividend tax will “squeeze the battered self-employed community”

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 …

Boris’s plan to increase National Insurance and dividend tax will “squeeze the battered self-employed community” » Read the full story

Greedy contractors could be fueling tax avoidance schemes

Greedy contractors could be fueling tax avoidance schemes

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

What deductions appear on umbrella company payslips?

What deductions appear on umbrella company payslips?

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 …

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What is Pay as You Earn PAYE

What is Pay as You Earn (PAYE)?

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 …

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Umbrella Company Deductions

Understanding Umbrella Company Deductions [Sponsored Editorial]

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

Tax Doesn’t Have to be… Fattening?

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

Another Month, Another IR35 Twist in the Tail

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

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