Umbrella Workers – Check Your HMRC Record!
Important guidance released from HMRC – anyone working through an umbrella should check both their payslip and personal tax account to ensure that HMRC is receiving appropriate tax and NICs. This advice in itself is not new news (we have recommended these steps for years), but it is the first time HMRC has issued such […]
Beware Of The Umbrella Clones
A new criminal activity is on the increase in the umbrella sector – the so-called cloning of compliant umbrella companies. This scam works by fraudsters setting themselves up in business using a company name which very closely resembles that of a compliant business. These scammers then seek to extort payroll monies out of recruitment firms […]
Crawford Temple from Professional Passport Discusses Holiday Pay Issues
Earlier this year allegations surfaced that some umbrella firms are wrongly withholding holiday pay from contractors. The story was highlighted by BBC Radio 4’s Moneybox programme and its impact was felt throughout the entire industry as all umbrellas came under suspicion for duping contractors out of money due to them. Crawford Temple is CEO of […]
019 Umbrellas In-Depth Part 2: Report by LITRG
In the second of a two-part special we chat to Meredith McCammond from the Low Incomes Tax Reform Group (LITRG), as she’s the lead-author of a newly published in-depth report examining the UK’s umbrella industry. The report pulls together data from lots of different sources and provides an independent overview of the sector. LITRG’s research included […]
018 Umbrellas In-Depth: Report by LITRG
In the first of a two-part special we chat to Meredith McCammond from the Low Incomes Tax Reform Group (LITRG), as she’s the lead-author of a newly published in-depth report examining the UK’s umbrella industry. The report pulls together data from lots of different sources and provides an independent overview of the sector. LITRG’s research included […]
006: How to identify tax avoidance schemes that pose as compliant “umbrellas”
Today we’re talking to specialist tax advisor, Tom Wallace of WTT Consulting about tax avoidance schemes which specifically target temporary agency workers and contractors. These schemes all operate in a similar way to disguise your remuneration as something else which they allege is not taxable. Often they pose as compliant umbrella firms so it is […]
What is mini-umbrella?
Mini-umbrella is an arrangement where a seemingly compliant umbrella employs it’s workers through lots of small companies (or mini-umbrellas) in order to receive the employment allowance and/or access the flat rate VAT scheme. HMRC view this type of employment intermediary model as an organised crime threat to the UK Exchequer because it abuses two incentive […]
What is Umbrella Accreditation?
What is it? Accreditation is defined in the Oxford Dictionary as ‘the action or process of officially recognising someone as having a particular status or being qualified to perform a particular activity’. At present, umbrella companies are not subject to any additional regulation other than that to which any other company and/or employer is subject, […]