Umbrella Company Services

Returning NHS Staff ‘Targeted’ by ‘Tax Avoiding Umbrella Schemes’

April 03 2020 @ 9:29 am by Sam Wright

NHS staff – specifically those returning to help with the UK’s Coronavirus response – are being targeted by promoters of tax avoidance schemes, HMRC have said. Earlier this week, HMRC issued caution against associating with such schemes, as well as guidelines regarding what to look out for. What HMRC have said: According to HMRC, the […]…

2018 Budget Update

October 30 2018 @ 10:58 am by

Philip Hammond yesterday delivered his budget outlining what we can expect from April 2019 and beyond, and, as widely anticipated, plans to reform IR35 rules for those working ‘off-payroll’ in the private sector have been announced.   What we now know With concerns around the recent reform in the public sector being voiced, namely, the […]…

Happy Birthday to the Criminal Finances Act!

October 08 2018 @ 2:00 pm by Sam Wright

…and how recruitment agencies can remain on the right side of the law. The Criminal Finances Act (CFA) was introduced in 2017 to clamp down on businesses which failed to prevent the practice of tax evasion within their organisation – and this week marks the start of the legislation’s second year. Tax evasion, and aiding […]…

Loan Charge Legislation, Disguised Remuneration, and How to Beat That Deadline

September 27 2018 @ 1:23 pm by Sam Wright

Earlier this summer, The Times reported that almost 21,000 contractors had told HMRC that they’d allowed their finances to be managed by ‘offshore-based, disguised remuneration schemes’. Trusts and third parties collected wages on their behalf before paying them in ‘non-repayable loans’, which concealed things like National Insurance contributions (NICs) and Income Tax liabilities. The self-employed […]…

Deadline Looming for Childcare Voucher Schemes

September 25 2018 @ 12:15 pm by Sam Wright

Parents, the deadline is fast approaching; from Thursday 4th October 2018, Childcare Voucher Schemes will close to all new entrants. Instead, the Government is offering ‘Tax Free Childcare’, giving eligible parents an extra £2 for every £8 they pay in childcare. As you may have seen back in March, the initial deadline of April 6th […]…

Unite ‘misinterpreted’ claim of umbrella company ban says Balfour Beatty

August 29 2018 @ 1:40 pm by

Recent report of a North West ban on umbrella companies agreed by Balfour Beatty has been clarified according to Construction Manager Magazine. According to the article, Balfour Beatty said the news was based on a “misinterpretation” though agreed that the issue had been under discussion. The company said, “Balfour Beatty Mott MacDonald regularly talk to […]…

Childcare Vouchers Are Closing – Don’t Miss Out!

March 01 2018 @ 2:40 pm by Sam Wright

The Childcare Voucher Scheme is due to close following the introduction of a new scheme. Although the original deadline was 6th April 2018, it was announced that parents will be given an extra six months to join the Childcare Voucher Scheme, which allows you to save money on childcare by paying for it from your […]…

New tax evasion law could put agencies in the firing line

September 28 2017 @ 4:00 pm by

New rules coming into effect this week aim to clamp down on businesses who fail to prevent tax evasion. As part of The Criminal Finances Act 2017, the legislation means that from 30th September, a company could be liable if their employees or associates are involved in facilitating tax evasion, even if the company aren’t […]…

Some things are too good to be true – is your payroll provider?

September 01 2017 @ 3:07 pm by

Have you ever thought something was too good to be true? Like when you get a free scratch card in the paper telling you you’ve won £100,000, yet looking at the T&Cs it costs £5 per minute to call and there’s only one top prize to be won. So after 15 long minutes on the […]…

Danbro responds to Unite’s call for Umbrella Company ban

August 31 2017 @ 2:46 pm by

Following Unite’s call to ban ‘exploitative’ Umbrella companies from working with NHS Trusts, Danbro Executive Chairman, Damian Broughton responds by saying ignorance remains on how these solutions actually work.   He told Recruiter: “All of these ways of operating have to account for employer’s NI, which, at some point, is taken off the gross rate that is […]…
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