Umbrella Companies | Latest News

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The latest news affecting umbrella companies in the UK. Featuring HMRC, the Agency Workers Directive, the 2003 Agency Regulations, and IR35.

Spring Budget 2024 - The Chancellors Key Announcements

Spring Budget 2024: The Chancellors Key Announcements

The Chancellor of the Exchequer, Jeremy Hunt, delivered this year’s Spring Budget 2024 to the House of Commons on March 6, 2024. Our latest article highlights the Chancellor’s key announcements.  Overview of the Spring Budget 2024 The Chancellor’s Spring Budget 2024 focused on tax cuts for parents and workers and …

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What is agency PAYE?

What is agency PAYE?

Contractors who source temporary assignments through recruitment agencies and are inside IR35 are given two options for their payroll – agency PAYE or registering with an umbrella company. This article explores what agency PAYE is and how it is different from registering with an umbrella company and becoming an employee …

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What are the disadvantages of becoming an umbrella company employee?

What are the disadvantages of becoming an umbrella company employee?

There are plenty of advantages to becoming an umbrella company employee, but it’s important to weigh those advantages against any potential drawbacks. Our latest article discusses the disadvantages or becoming an umbrella company employee. Not as tax-efficient as forming a limited company The tax advantages of limited companies are not …

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What are the benefits of becoming an umbrella company employee?

What are the benefits of becoming an umbrella company employee?

We’ve outlined the primary reasons why contractors and freelancers prefer to use umbrella companies for their payroll for contracts inside IR35. Additionally, we’ve provided an overview of what an umbrella company is for your information. An umbrella company: what is it? An umbrella company is frequently used by recruitment firms …

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What are the advantages and disadvantages of contracting via a Personal Service Company (PSC)?

What are the advantages and disadvantages of contracting via a Personal Service Company (PSC)?

Because of the numerous financial and professional advantages, operating through a Personal Service Company (PSC) is a popular option for contractors and freelancers based in the UK who are considered to be outside of IR35. The advantages and disadvantages of contracting via a PSC are examined in our most recent …

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Spotting a tax avoidance scheme in 2024

Spotting a tax avoidance scheme in 2024

An enormous number of illegitimate umbrella companies that operate tax avoidance strategies to lower their tax responsibilities to HMRC are found by HMRC each year, despite their apparent legitimacy. An individual employed by these schemes (even if unaware of any illegal activity) could be subject to severe penalties. We’ve compiled …

Spotting a tax avoidance scheme in 2024 » Read the full story

Contracting in the UK – when should you consider becoming a contractor?

Contracting in the UK: When should you consider becoming a contractor?

We have put together this brief article to give you all the information you need to decide whether or not to transition into contracting if you are thinking about doing so. Why should you consider contracting? There are several benefits to taking on a contract role, including: You have considerably …

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A guide to help contractors and freelancers choose a compliant umbrella company

A guide to help contractors and freelancers choose a compliant umbrella company

For your payroll, you must only work with compliant umbrella companies to avoid underpaying taxes and owing HMRC thousands of pounds. Verifying if the umbrella company you wish to work with is SafeRec Certified, FCSA Accredited, or Professional Passport Accredited is one way to make sure they are operating in …

A guide to help contractors and freelancers choose a compliant umbrella company » Read the full story

HMRC expose new “complex tax avoidance scheme”

HMRC expose new “complex tax avoidance scheme”

HMRC has shared a recent press release with our team and we thought you would find it helpful. Please keep reading to learn more about the new scheme, which is associated with Darren Patrick-Green and involves contractors engaging with a Singapore company, Procorre LLP, to avoid paying Income Tax and …

HMRC expose new “complex tax avoidance scheme” » Read the full story

Contractor Guide - An overview of IR35 legislation and the off-payroll working rules

Contractor Guide – An overview of IR35 legislation and the off-payroll working rules

An overview of the off-payroll working restrictions and IR35 A section of tax legislation known as IR35 went into effect across the United Kingdom in April 2000 and aims to differentiate between contractors who operate as legitimate self-employed businesses (via a limited company often referred to as a personal service …

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How advanced tech can ensure contractor compliance and safety

How advanced tech can ensure contractor compliance and safety

The intersection of technology and contractor work is reshaping how you manage your projects and ensure compliance. For contractors and businesses hiring them, keeping up with the latest technological advancements is crucial for streamlining your workflow and staying ahead in a competitive market. Whether through sophisticated software for project management …

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Streamlining your contracting business: Tools and techniques for success

Streamlining your contracting business: Tools and techniques for success

Streamlining a contracting business is much like conducting a symphony; every element needs to work in harmony for success. As contractors, our work revolves around managing multiple facets, from project execution to client relations and everything in between. The key to success lies in how efficiently and effectively we handle …

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The best ways to boost awareness of your business

The best ways to boost awareness of your business

In a crowded and competitive business landscape, raising awareness of your brand is crucial for success. Effective brand awareness attracts potential customers and establishes trust and credibility in the market. To navigate this landscape successfully, businesses need a well-crafted strategy that encompasses various channels and approaches. Invest in a distinctive …

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FAQ – Do I have to use an umbrella company for my payroll?

FAQ – Do I have to use an umbrella company for my payroll?

Umbrella companies are in high demand by contractors and freelancers looking for a compliant way to be paid while working on temporary assignments. While most offer compliant and straightforward payroll, some have recently made the headlines for the wrong reasons, including so-called “salary skimming” and signs of malpractice. In this …

FAQ – Do I have to use an umbrella company for my payroll? » Read the full story

5 things we have learned about the umbrella company marketplace in 2023

5 things we have learned about the umbrella company marketplace in 2023

As 2023 draws to a close, we have been looking back at the umbrella company marketplace to summarise everything we have learned. Please take a look and let us know whether you agree with our summary, and comment with your thoughts below! 1) SafeRec is a game-changer SafeRec has really …

5 things we have learned about the umbrella company marketplace in 2023 » Read the full story

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