Chancellor Kwasi Kwarteng announced during the mini-budget delivered on the 23rd of September 2022 that the government will repeal the 2017 and 2021 off-payroll reforms. Continue reading to discover what this means for contractors and the other critical announcements unveiled during the mini-budget.
The Low Incomes Tax Reform Group (LITRG) has recently released a report that spotlights umbrella companies. With changes to IR35 legislation increasing demand for payroll intermediaries, the report sets out to provide valuable information for contractors, freelancers and agency workers. We’ve summarised the report below, and it makes for some interesting reading.
Business will continue as usual and we have extensive continuity plans in place to allow us to operate with minimal disruption to our services.
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.