Opening hours during the festive period
Umbrella Company UK will operate as usual until the end of Christmas Eve (24th December, 09:00 – 17:30). However, during the festive period, our office will be open for reduced hours, as summarised below.
Umbrella Company UK enters exciting new chapter after acquisition
Umbrella Company UK has been acquired by Magi GJJ Limited – a group of business professionals with extensive experience of building recruitment and recruitment payroll business portfolios, who are thrilled to be part of the exciting next chapter of our growth. The new takeover will have zero impact on Umbrella Company UK’s operations, and it is business as usual. Keep reading to learn more.
Do contractors using an umbrella company need to submit a tax return?
Most contractors and freelancers employed by an umbrella company do not need to submit a tax return if they are below the £150,000 threshold and the only income they receive is paid via the umbrella company as it is taxed at source (PAYE). Our latest article explains more about umbrella companies and tax returns – to help you identify whether or not you need to submit one.
How could you benefit from salary sacrifice?
Salary sacrifice is a tax-efficient way for contractors and freelancers to pay into their personal pension pot and save for retirement. Continue reading to discover the different ways you could benefit from salary sacrifice.
An insight into Umbrella Company UK’s certification from SafeRec – An interview with Sarah O’Toole, Operations Director
Umbrella Company UK is a SafeRec certified umbrella company. SafeRec provides our umbrella employees with revolutionary transparency and helps our partnered recruitment agencies make referrals, knowing their candidates are truly in the safest hands. In this article, we’ve asked Sarah O’Toole, Operations Director at Umbrella Company UK, some questions about SafeRec and why our certification is so much more than just an extra logo on our website.
What is an umbrella company?
If you are new to contracting or have only ever contracted via a limited company, you may wonder: “What is an umbrella company?”. An umbrella company is a business often used by recruitment agencies or end clients to pay temporary workers. Our latest article outlines what an umbrella company is, who can use an umbrella company and the benefits of using an umbrella company for your temporary assignments.
HMRC’s list of named tax avoidance schemes has reached over 100
HMRC regularly updates its list of named tax avoidance schemes, promoters, enablers and suppliers. In September, the amount of named tax avoidance schemes reached over 100. Keep reading for more information about the dangers of using a tax avoidance scheme.
Umbrella companies and IR35: everything you need to know
As a contractor, one of the most important pieces of legislation that will affect you is IR35. Our latest article provides everything you need to know about umbrella companies and IR35.
Umbrella Company UK has passed the FCSA audit and renews membership for another year
Umbrella Company UK is pleased to announce that our FCSA membership has been renewed for another year as we successfully passed the annual audit.
Changes to the self-assessment threshold to be aware of
The self-assessment threshold has changed for people taxed through PAYE. Previously, the threshold was £100,000. However, the threshold has now increased to £150,000, and you must complete a self-assessment if you earn £150,000 or more taxed through PAYE.