legislation

Should You Bother Switching Umbrella Companies?

Accrued holiday pay – how umbrella companies should pay it to contractors

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 …

Accrued holiday pay – how umbrella companies should pay it to contractors » Read the full story

Labour Market Intermediaries: LITRG publish 149-page report on umbrella companies

Labour Market Intermediaries: LITRG publish 149-page report on umbrella companies

As the countdown for off-payroll changes in the private sector draws ever closer, the Low Incomes Tax Reform Group (LITRG), part of the Chartered Institute of Taxation, has released a 149-page report covering umbrella companies. The report makes for some interesting reading, and we recommend our readers take a look. …

Labour Market Intermediaries: LITRG publish 149-page report on umbrella companies » Read the full story

How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies

How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies

Brexit has finally happened and the UK left the European Union at the turn of the New Year. As a result, we thought an article on How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies would come in really useful. Umbrella companies are employers, and like every employer …

How Brexit Affects Right to Work (RTW) Checks for Umbrella Companies » Read the full story

Useful tips for limited company contractors who may need to use an umbrella company in 2021

Changes to off-payroll in the private sector are set to roll out in April 2021. They may be a year late, but they’re coming! It’s expected that several limited company contractors may find themselves inside IR35 at some point in the future, and as a result, umbrella companies may see …

Useful tips for limited company contractors who may need to use an umbrella company in 2021 » Read the full story

HMRC release corporate report that discusses marketed tax avoidance schemes

HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant”

A report published on the 26th November 2020 by HMRC discusses marketed tax avoidance schemes, and it makes for some fascinating reading. Entitled ‘Use of marketed tax avoidance schemes in the UK’, HMRC cover the size of the UK’s tax avoidance market, promoters of tax avoidance schemes, and what HMRC …

HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant” » Read the full story

What do changes to off-payroll in the private sector mean for limited company contractors

What do changes to off-payroll (IR35) in the private sector mean for limited company contractors?

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 …

What do changes to off-payroll (IR35) in the private sector mean for limited company contractors? » Read the full story

Umbrella companies aren't finished yet - according to HMRC

Umbrella companies aren’t finished yet – according to HMRC

This week when speaking to a contractor, I got told: “your lot are finished, HMRC have seen to that.” Quite who my “lot” are, or how we have offended this gentleman – I don’t know. However, this did encourage me to go and do some research into what this chap …

Umbrella companies aren’t finished yet – according to HMRC » Read the full story

What is a tax avoidance scheme?

How to spot a tax avoidance scheme, and why you should never use one

To put it bluntly – tax avoidance schemes are evil. They trick you into thinking paying less tax is fine and they’ll help you retain more of your hard-earned money. But what they fail to mention is the fact that if you engage with one, you’ll more than likely face …

How to spot a tax avoidance scheme, and why you should never use one » Read the full story

What is a Key Information Document?

What is a Key Information Document?

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 …

What is a Key Information Document? » Read the full story

Should Umbrella Companies be Regulated?

In a week where there is clearly a dire need for umbrellas (of any colour) outside, we thought we’d turn our attention away from the never-ending will they/won’t they saga of IR35 and instead, turn our attention back to the matter of whether or not umbrella companies should be regulated. …

Should Umbrella Companies be Regulated? » Read the full story

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