IR35 Articles

Bittersweet Budget for Struggling Contractors

Contractors praying for a delay to IR35 changes in the private sector will be disappointed by the Chancellor’s budget statement yesterday, but there were several positives that we can take away as well.

 

Eamonn Holmes Loses Expensive IR35 Case
marketing | 27 February 2020
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Eamonn Holmes has become the latest TV star to lose an expensive IR35 tax case with HMRC.

The veteran This Morning presenter enjoyed certain tax advantages because he was working as a contractor through a limited company.

However, after the taxman challenged his employment status in court, a judge ruled that the Holmes was effectively employed by ITV.

Half of contractors plan to quit workforce as Lords launch enquiry

Half of all contractors plan to leave their posts ahead of scheduled changes to the way that IR35 ‘off-payroll’ rules are applied in the private sector.

Changes to the off-payroll rules are due to take effect in April, when large and medium sized companies will be made responsible for judging a contractor’s employment status and potentially subtracting income tax and national insurance from their monthly pay.

IR35: 43,000 Companies Warned by HMRC
marketing | 30 January 2020
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HM Revenue & Customs is in the process of issuing 43,000 letters to private sector businesses, warning them to consider the employment status of their contractors ahead of IR35 reforms in April.

These reforms mean that private sector engagers will be responsible for judging their contractors’ employment status for tax, rather than the individuals themselves.

Changes to agency worker rights that could affect you in 2020
marketing | 20 January 2020
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2020 will bring some important changes to UK employment law that will affect you if you work through an intermediary or employ agency workers.

Between the disruption caused by Brexit and landmark changes to IR35, you would be forgiven for missing some of these more minor employment law updates.

In this blog post, we’ll cover all of the employment law changes that are happening this year - both little and large - and explain how they could affect temporary employees and their employers.

IR35 Contractors: Act Fast to Avoid Wind-Up Tax

Limited company contractor that are caught under IR35 arrangements may need to act quickly if they want to close their companies and make the most of lucrative tax incentives.

If they wish to continue working flexibly, these contractors will also need to think carefully about how they offer their services, according to Umbrella.co.uk Director Miles Grady.

“Because we offer limited company support, umbrella payment solutions and a business liquidation service, we are in the best position to help a growing group of customers that have been caught out by IR35,” Miles Grady said.

Umbrella.co.uk January Employee of the Month
marketing | 20 February 2020
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We are delighted to announce that Rebecca McCarthy, Business Development Executive at Umbrella.co.uk, has won the January 2020 Employee of the Month.

“Rebecca’s cheerful nature and helpful manner have proven to be a winning combination with our sales team and our contractors!

Rebecca will always go the extra mile to help our contractors in ensuring that their experience enrolling with Umbrella.co.uk is professional, pleasant and easy.

A popular team member, her happy nature shines through every day. 

Congratulations Rebecca, on an accolade well deserved!” Jane Thornhill, Sales Manager

 

Our new recruits here at Umbrella.co.uk are ready for IR35! Are you?
marketing | 17 February 2020
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Contact us here at Umbrella.co.uk for your Umbrella solution.

We can help you with the transition and get you set up so you can use our great rewards package BEFORE you are even payrolled with us!

Call 01625 546 610. 

See our contractors’ guide to IR35 here.

 

 

Recruitment Giants Plead for IR35 Rethink

Leading recruitment companies have urged the government to delay and ultimately rethink IR35 reforms, warning that the tax changes will damage the industry and wider economy.

Fourteen companies including Adecco, Harvey Nash, Hays, Reed and ManpowerGroup wrote to Chancellor Sajid Javid last week pleading with him to reconsider the changes that affect off-payroll contractors working through limited companies.

Under the new rules, contractors working in the private sector will no longer be responsible for judging their employment status.

Stephen Holt Wins Umbrella.co.uk December Employee of the Month
marketing | 14 January 2020
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We are delighted to announce that Stephen Holt, Payroll Assistant, has won December Umbrella.co.uk Employee of the Month.

“Stephen always goes the extra mile to help agencies and our internal teams, ensuring contractors get paid correctly and on time. A crucial team player who’s enthusiasm and positive attitude shines through every day.

Congratulations Stephen for your double December win…Employee of the Month and got engaged! Well done and keep up the good work.” Jon Biddle, Director.

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