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Is The Government On The Verge Of Regulating Umbrella Companies?

Is The Government On The Verge Of Regulating Umbrella Companies?

Unusually, the government has opened a consultation to “call for evidence to ensure it has an up-to-date and well-informed view of how the umbrella company market operates”. Is this a sign that the umbrella company is on the verge of being regulated by the government? Keep reading, and we’ll summarise …

Is The Government On The Verge Of Regulating Umbrella Companies? » Read the full story

Helpful information if you are unpaid by an umbrella company

Helpful information if you are unpaid by an umbrella company

Sadly, it appears that a well-known umbrella company has filed for liquidation – leaving hundreds of contractors potentially without pay. This is a terrible scenario, and our deepest sympathies are with all the affected employees. We sincerely hope that all outstanding payments are made and no temporary worker finds themselves …

Helpful information if you are unpaid by an umbrella company » Read the full story

New Government Guidance Sets Out To Help You Identify “If You Are At Risk Of Tax Avoidance”

New Government Guidance Sets Out To Help You Identify “If You Are At Risk Of Tax Avoidance”

Published on Thursday 18th November 2021, the government has released some online guidance to help agency workers and contractors who have used the services of umbrella companies. The guidance involves the user answering a series of questions. Once the final question has been answered, a screen appears with guidance relating …

New Government Guidance Sets Out To Help You Identify “If You Are At Risk Of Tax Avoidance” » Read the full story

HMRC Defends Decision To Only Refer Contractors To FCSA Accredited Umbrella Companies And Claim It’s Because Of A Supplier

HMRC defends decision to only refer contractors to FCSA accredited umbrella companies and claim it’s because of a supplier

In a recent article posted on Contractor UK, HMRC defends itself for exclusively referring contractors to umbrella companies that have an accreditation from the Freelancer and Contractor Services Association (FCSA) and claim it’s because of a supplier. From our perspective – surely this is proof that HMRC values the FCSA? …

HMRC defends decision to only refer contractors to FCSA accredited umbrella companies and claim it’s because of a supplier » Read the full story

HMRC release new guidance to help agencies reduce risk of engaging with non-compliant umbrella companies

HMRC release new guidance to help agencies reduce risk of engaging with non-compliant umbrella companies

The government may not actively endorse umbrella companies, but they have recently released some helpful guidance online for temporary workers, recruitment agencies and businesses that engage with contractors and freelancers. The latest guidance (released in October 2021) is written for recruitment agencies and firms that use temporary workers and is …

HMRC release new guidance to help agencies reduce risk of engaging with non-compliant umbrella companies » Read the full story

The FCSA updates Charter to clear up confusion surrounding offshore operations for its members

The FCSA updates Charter to clear up confusion surrounding offshore operations for its members

The FCSA, the UK’s leading professional body committed to ensuring the supply chain of temporary workers is compliant with UK tax law, has updated its Charter in response to concerns raised by third parties. Rather than approach the FCSA in a calm and collected manner, some stakeholders were quick to …

The FCSA updates Charter to clear up confusion surrounding offshore operations for its members » Read the full story

Umbrella company cloning is the latest threat to the contractor payroll industry

Umbrella company cloning is the latest threat to the contractor payroll industry

In a recent article published by the FCSA, a warning has been issued to recruitment agencies that refer candidates to umbrella companies. It’s become apparent that criminals are pretending to represent well-respected umbrellas under fake companies (with almost identical names) in an attempt to trick agencies into sending payments to …

Umbrella company cloning is the latest threat to the contractor payroll industry » Read the full story

Is There A Tie In Period With An Umbrella Company?

Is there a tie in period with an umbrella company?

One common question that some temporary workers have regarding umbrella companies is whether or not there is a tie-in period with their services. We’ll answer this question below. However, in short – no. There is not a tie-in period with an umbrella company, assuming they’re compliant. Keep reading to find …

Is there a tie in period with an umbrella company? » Read the full story

Professional Passport release report on umbrella companies: The Good, The Bad and The Ugly

Professional Passport release report on umbrella companies: The Good, The Bad and The Ugly

Professional Passport, payroll intermediary compliance specialists, has released a thorough report on umbrella companies. In the 38-page document, Crawford Temple, CEO at Professional Passport, outlines the industry’s legislation for 40 years. He then provides a series of suggestions to HMRC on how to regulate umbrella companies and stop non-compliance. It’s …

Professional Passport release report on umbrella companies: The Good, The Bad and The Ugly » Read the full story

REC calls for HMRC to set up dedicated umbrella company hotline to easily report malpractice

REC calls for HMRC to set up dedicated umbrella company hotline to easily report malpractice

The Recruitment & Employment Confederation (REC) has suggested that HMRC set up a dedicated umbrella company hotline to report non-compliance, unethical behaviour, and malpractice. What a jolly good idea! Keep reading and find out more. Non-compliant umbrella companies must be reported If you ever come across a non-compliant umbrella company, …

REC calls for HMRC to set up dedicated umbrella company hotline to easily report malpractice » Read the full story

The truth about umbrella companies in 2021

The truth about umbrella companies in 2021

Shock! Umbrella companies are in the news again. It’s mightily frustrating to read that some umbrellas out there completely disregard the rules and put their employees at risk of non-compliance. Now seems the perfect opportunity to reassure our readers that most UK-based umbrella companies are compliant and provide a pretty …

The truth about umbrella companies in 2021 » 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

Should Umbrella Companies Be Regulated?

Should umbrella companies be regulated?

In recent news, the umbrella company industry has come under fire, and there are calls for umbrella companies to be regulated. This article looks at why there is a demand for umbrella companies to be regulated. We also suggest what we would like to see in terms of regulating the …

Should umbrella companies be regulated? » Read the full story

Which umbrella companies are accredited by the FCSA and Professional Passport?

Which umbrella companies are accredited by the FCSA and Professional Passport?

Yet again, a new umbrella company fraud case has come to light, and it’s extremely disappointing. This time, greedy agencies are engaging with mini umbrella companies to reduce their costs, while putting their candidates at risk of non-compliance with HMRC. It’s never been more important to use a compliant umbrella …

Which umbrella companies are accredited by the FCSA and Professional Passport? » Read the full story

Mini umbrella companies strike again

Mini umbrella companies strike again

Mini umbrella companies have hit the news again as it’s become apparent that some dishonest and greedy recruitment agencies have engaged with them to pay their temporary candidates. Astonishingly, a BBC investigation found that mini umbrella companies were paying some Covid test centre workers. These pose a serious threat to …

Mini umbrella companies strike again » Read the full story

Should You Bother Switching Umbrella Companies?

Should you bother switching umbrella companies?

Amazingly, there are over 500 umbrella companies in the UK. Therefore, there is plenty of choice for contractors and freelancers when choosing a company for their payroll. However, if you find a better deal elsewhere, or your current umbrella company is performing disappointingly, should you bother switching umbrella companies? We’ll …

Should you bother switching umbrella companies? » Read the full story

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