What are the changes?

From 1st April most limited company contractors working on a contract for a public sector institution will be classed as “Inside IR35” which means that the income from that contract will be taxed as if it was employment income. This can drastically increase the tax burden on the contractor’s limited company. See our IR35 Guide

A Public Sector organisation is any organisation that can be subject to a Freedom of Information Request including (but not limited to) the following:

  • Government departments
  • Executive agencies and non-departmental public bodies
  • NHS
  • Police and fire authorities
  • Local authorities
  • Devolved administrations
  • Educational establishments including universities
  • BBC,
  • Channel 4
  • The Bank of England

What to do next?

We advise you start the switching process to our Umbrella Solution now.

The best way to do this is to move your limited company to us first whilst we register you to start our Umbrella Solution in April.

The Umbrella Solution will ensure you are compliant and benefit from a better ‘take home pay’ under the new rules. It will also give you full employment rights and all tax and national insurance payments are handled by us.

As part of the switchover service Umbrella Accountants will close down your existing Limited Company for FREE.

Umbrella.co.uk will:

  • Liaise with your agency and ensure that you have no breaks in payments
  • Close down your existing company for FREE
  • Provide you with our award-winning Umbrella customer service

For those contractors that carry out a mixture of Private and Public sector work we can fully support your contracts and calculate your revised income figures for each contract.

To avoid delays in your payments, get in touch with our team as soon as possible so that we can talk you through your options.

It's just 3 simple steps to switch

Why Choose Umbrella.co.uk

  • Fast and simple set up in minutes
  • Personal accident insurance with our Rewards Package
  • £20m comprehensive insurance package
  • 24/7 access to our easy to use online portal
  • Friendly experienced staff to mange your account and respond quickly to any enquries
  • 100% focus on compliance giving you peace of mind
  • All PAYE and NI deducted at source and in full
  • Full statutory employment rights
  • Membership of our Rewards Package offering shopping discounts at major retailers
  • Multiple daily payroll runs
  • Guaranteed Friday payments

What we will do for your existing PSC

  • Our Accountancy Services Team will provide you with best advice about the future of your PSC
  • Place your PSC in dormancy for FREE and provide ongoing support or
  • Manage the process of closing down your existing company from just £50 + VAT
  • You can take advantage of our in-house MVL (Members Voluntary Liquidation) services to close your company more tax efficiently
  • FREE accurate transfer of your existing accounts
  • We will match your current accountancy fees whilst we manage your switch
  • Over 8 years specialist experience in contractor accountancy

Request a call back

Switching Team

Our experienced Switching Team will manage your transition to an umbrella solution to ensure it is simple and stress free.

Peter Langham - Customer Services Director
Tel: 01625 546 610
Umbrella Accountancy Services

Umbrella.co.uk has an Accountancy Services division who will advise you and manage the closure of your PSC in the most tax efficient way.

Lucy Carter - Accountancy Services Manager
Tel: 01625 546 610
Customer Services

Once you have fully switched you can enjoy the benefits of our award-winning Umbrella Customer Service.

Sarah Postlethwaite - Customer Services Manager
Tel: 01625 546 610