Contractors Articles

One-in-three contractors working outside IR35 rules
marketing | 9 June 2021
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Following the introduction of new off-payroll working (IR35) rules in April, research suggests that around one-third of limited company contractors are currently working on ‘outside IR35’ contracts.

Separate studies from Qdos and inniAccountants concluded that around one-in-three (33% and 36% respectively) contractors have been able to retain or secure a new commercial contract.

According to the inniAccounts survey, which took place in March and April, 35% of contractors said that that they were either classed as ‘inside IR35’ or blocked from working through a personal service company (PSC).

Coronavirus: Contractors Working More for Lower Day Rates
marketing | 17 February 2021
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New research from the Association of Independent Professionals and the Self-Employed (IPSE) suggests that contractors are lowering their day rates and working more to mitigate the impact of coronavirus disruption.

The study also points to rising concerns about the government’s tax policy, including upcoming changes to IR35 in the private sector.

HMRC's new plan to prepare contractors for IR35 changes
marketing | 19 January 2021
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With just a few months to go before major IR35 reforms take effect in the private sector, HMRC is launching a package of support to help contractors get ready for the changes.

The new measures include webinars for contractors and large and medium-sized businesses that will be affected by the changes. Demand for these sessions seems high after four original workshops filled up in four days. HMRC has since added more more sessions for contractors and businesses.

All the team at Umbrella.co.uk would like to wish you a happy festive season and a prosperous new year.

All the team at Umbrella.co.uk would like to wish you a happy festive season and a prosperous new year.

This year has been turbulent and challenging for all and we are excited to welcome in the New Year and are hopeful that normality is within reach.

Update from the FCSA : Recent issues emerging out of off-payroll reforms.
marketing | 15 October 2020
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Following concerns that umbrella companies might be affected by some ambiguity in the legislation emerging out of off-payroll reforms. HMRC and FCSA held a productive meeting yesterday to confirm that the new legislation was not designed to capture the relationship between umbrella companies and recruitment agencies. 

Reporting a non-compliant umbrella company

Most umbrella companies meet all tax and labour laws and have nothing but good intentions when it comes to looking after their employees.

Unfortunately, whether it’s through inability or corruption, some umbrellas don’t meet the standards that employees expect of them.

If you suspect that an umbrella company is acting illegally or unethically, you should report them. We explain why and how you can do this below.

Challenges and opportunities for umbrella workers in 2021

Last year was a challenging year for almost everyone in the UK, including umbrella workers. Many of these challenges are likely to continue this year, but there will also be opportunities for umbrella workers to prosper in 2021.

In this article, we look at some of the most important challenges and opportunities facing umbrella workers this year.

Congratulations to the ‘2020 Umbrella.co.uk Staff Awards’ winners

At the end of this strangest of years, Umbrella’s traditional end of year celebrations and awards ceremony have for the first time been held in our offices!  Conscious of our status as a holder of a COVID-secure employer accreditation,  the prize winners were informed by email and were invited to make the solo walk to CEO Nick Holmes’ office to collect their trophy and accept the praise heaped on them!  The walk along ‘Winners’ Way’ was accompanied by appreciative cheering and support from their colleagues!

HMRC: Don’t be hoodwinked by high take-home pay
marketing | 8 December 2020
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HMRC has warned contractors not to be fooled by unlawful tax and umbrella schemes advertising unusually high rates of take home pay.

As the deadline for sweeping IR35 reforms in the private sector draws closer, HMRC has launched a new campaign against tax avoidance and ‘dodgy’ umbrella schemes.

April 2021 IR35: The key facts you need to know

A controversial set of changes to off-payroll working (IR35) rules is due to take effect in the Private Sector from next April.

For contractors, the next few months represent a crucial period in which to prepare for the changes and minimise the financial impact of the tax changes.

To help you get ready for the April 2021 IR35 reforms, we have published a brief guide with only the key facts that you need to know about.

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