To help combat the coronavirus’s rising impact, England has been placed in a national lockdown for the third time. From midnight on the 4th January 2021, many businesses were forced to shut, and thousands of workers were told to work from home. To minimise the impact this will have on the UK, the government announced several support packages to help people cope with upcoming financial pressures. However, while the packages have been received well, the FCSA has responded by asking Chancellor Rishi Sunak for more help specifically for the contingent workforce.
HMRC and the Advertising Standards Agency (ASA) have launched a joint initiative to control the use of misleading advertising which may tempt individuals into using a tax avoidance scheme. Keep reading to find out more.
Choosing an umbrella company can often seem daunting. There’s a lot of information online and hundreds of umbrella companies to choose from. Given that all compliant umbrella companies will pay you roughly the same (give or take a few pounds depending on their margin), how do you choose between them?
Whether you’re new to contracting or are a limited company director who may require an umbrella company for future assignments, understanding how an umbrella company works is vital when deciding which provider to use. There is a lot of information that you need to take on board, and we hope the following summary is useful.
As things stand, Umbrella Company UK is still unable to offer furloughed leave to our umbrella clients. At such an unprecedented time, we understand that our clients need financial support more than ever before. This is why we are urging the government to provide much-needed clarification on how umbrella companies process Holiday Pay and the Apprenticeship Levy.
On Saturday 4th April, the government released more information on the Coronavirus Job Retention Scheme (CJRS). Interestingly, the updated guidance specifically references “umbrella companies”. While this is positive, there are still plenty of unanswered questions and the FCSA has described the new information as “contradictory”.
As things stand, it is possible that agency workers, including umbrella workers, will only be able to claim 80 percent of the National Minimum Wage – rather than traditional employees who can claim up to 80 percent of their salary.
Since launching in 2019, Umbrella Company UK has prioritised attaining FCSA accreditation – to showcase our dedication to compliance within the contractor payroll industry. From the beginning, we have intended to provide a modern and compliant umbrella payroll services to the UK’s temporary workforce. After careful consideration, we identified FCSA accreditation as the best way to display this to our partners and clients.