There are plenty of unethical umbrella companies on the market advertising 90% pay retention, and it is more important than ever to do your research and conduct the proper due diligence. Our blog answers the age-old question: what deductions should compliant umbrella companies make to a contractor’s pay?
Contractors who are paid weekly, bi-weekly or every four weeks and whose final payday for the 2018/19 tax year falls on the 5th of April 2019 may be affected by the week 53 payment.
The 2019/20 tax year began on Saturday, 6th April 2019. There are some changes you should be aware of as a contractor (some of which came into effect on 1st April) as you may be affected.