Editor | 28 November 2014
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The world seems to have gone mad with what seems to the UK to be a relatively new phenomenon, Black Friday.

As a contractor you may well get invited by your end clients to join in their Christmas activities but as a contractor working through your own limited company there may be some tax breaks possible for holding your own.

The Government chose The National Freelancers Day to announce the appointment of David Morris MP as their Self-Employed Ambassador.

A recent survey by PeopleperHour, an online business that helps match freelancers to very short term jobs or tasks, claims to have found that 58% of new freelance positions were being won by women.

Part of the HM Treasury, The Office of Tax Simplification (OTS), has launched an Employment Status Review.

Umbrella are proud to now display the APSCo Compliance Plus sign on our website as a recognition of APSCo’s best practice standard in the education and social work sectors. As an affiliate member of APSCo Umbrella are subject to an annual external compliance audit.

A proposal to introduce a special new type of limited company called a “Freelancer Limited Company” has been submitted to the Chancellor of Exchequer by The Association of Independent Professionals and Self-Employed the IPSE (formerly PCG – Professional  Contractors Group)

Recruitment Live
Editor | 12 November 2014
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Find out how Umbrella.co.uk can add value to your agency. Collect your FREE Goody Bag and get the chance to WIN one of our great prizes:*

Social workers operating through their own limited companies may fall under the HMRC spotlight as they look at sectors they consider to fall foul of IR35.

From November 2014 HMRC are issuing 24 million personal tax summaries showing the tax you have paid and how it was spent. You should receive a tax summary automatically if you have paid any income tax in the prior tax year.

Holiday pay has been in the news following a ruling that overtime (and possibly commissions) should be reflected in an employee’s holiday pay but how does this affect contractors who work through contractor umbrella companies?

Holiday pay is in the news following a landmark tribunal case that ruled that overtime should count towards a workers holiday pay rate. What this means is that if overtime is part of your normal working week then you should receive a similar wage when you are also off on holiday i.e. it should not revert back to your basic wage excluding overtime.

At Umbrella we are delighted to employ through our Umbrella Company a high number of Polish, Romanian or Moldovan contractors working in the UK. To help this process we have undergone a full translation of our Umbrella Company documentation and paperwork to Polish (język polski, polszczyzna) and Romanian (Daco-Romanian or Moldovan).

UCATT (Union of Construction, Allied Trades and Technicians) have come in for criticism for their blanket policy of targeting umbrella companies and not understanding that it is actually the change in legislation that means many construction workers can no longer be treated as self-employed or paid through the Construction Industry Scheme (CIS).

Recruitment Live

Umbrella will be attending The Global Recruiters Recruitment Live Event today and tomorrow (25th and 26th November 2014).

If you are a contractor or freelancer working through your own limited company it can be useful to know that legislation exists to ensure that you, as a small or medium sized business (SME), are paid promptly for the work you perform.

Editor | 18 November 2014
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Unfortunately, many lenders have very streamlined criteria, meaning borrowers will have their application assessed under either employed or self-employed underwriting. 

From mid- November 2014 HMRC have simplified the processes for online filing of corporation tax returns and simple financial accounts for small businesses which they describe as micro-entities.

National Freelancer Day

National Freelancers Day (NFD 2014) is approaching and this year is happening on Wednesday, 19th November 2014.

All umbrella companies are equal

Umbrella.co.uk are pleased to announce that following a full review of our over-arching contract of employment and umbrella company expenses policies we have gained membership of All Umbrella Companies are Equal (AUCAE). As such we are considered to follow HMRC policies and relevant UK tax law.

Allumbrellacompaniesareequal are encouraging recruitment agencies to compliance check the umbrella companies on their PSL Lists (Preferred Supplier Lists).

Editor | 11 November 2014
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At Umbrella we are always keen to review and access our service and as such request feedback from any contractor that leaves our company. This would help us identify any area of the service that could be improved.

Editor | 11 November 2014
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HMRC have issued guidance regarding the deadline for IR35 returns and IR35 payments for the tax year ended 5th April 2014.

Reaction continues to dominate the news in relation to the tribunal cases (Road maintenance company Bear Scotland v Fulton, engineering firm Amec v Law and industrial services group Hertel v Wood) that ruled that workers who regularly perform overtime should have these earnings reflected in their holiday pay as this is their “normal pay”.

HMRC has issued guidance on the quarterly reporting requirements that will be required to be sent to HMRC for employment intermediaries, such as recruitment agencies, from 6th July 2015. The first report must be sent to HMRC by 5th August 2015 and will cover the 3 months from 6th April 2015 to 5th July 2015.

HMRC has announced that its much criticised IR35 Business Entity Tests (BETs) are to be scrapped from 6th April 2015. A review by the IR35 Forum found that the tests were used very little and not fulfilling their intended purpose.