Recruitment International have reported that The Government have recognised the value of responsible Umbrella Companies. Below is the relevant extract from Parliament’s Question and Answers section:
hmrc Articles
editor | 4 February 2015
/ / / /editor | 14 January 2015
/ / / /HMRC are reported to be keen to clamp down on the Elective Deduction Model (EDM) in a similar vein that it has with the payday by payday tax relief model that some umbrella companies used as a means of by-passing the national minimum wage legislation.
editor | 7 January 2015
/ / /The IR35 Forum was established following an Office of Tax Simplification (OTS) IR35 review (beginning in 2010) and the 2011 Budget stating that the administration of IR35 would be improved.
4Dm1n | 11 November 2014
/ / / / /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.
4Dm1n | 11 November 2014
/ / /HMRC have issued guidance regarding the deadline for IR35 returns and IR35 payments for the tax year ended 5th April 2014.
editor | 23 January 2015
/ / / / / /One of our Directors at Umbrella.co.uk, Miles Grady BA (Econ) Hons ACA, has performed a detailed review of the HMRC review into Travel and Subsistence expenses and below lists a number of key points into why HMRC should not stop umbrella company contractors
editor | 9 January 2015
/ / / / / /Yesterday (8th January 2015) Umbrella.co.uk attended an FCSA meeting and consultation with HMRC regarding the 'Employment Intermediaries: Temporary workers - Relief for subsistence and expenses proposal.
marketing | 6 January 2015
/ / / / / /From April 2016 Umbrella Company Workers in Scotland could be subject to different rates of Income Tax (PAYE) than other umbrella company workers in the rest of the UK. This follows new legislation via The Scotland Act 2012.
4Dm1n | 11 November 2014
/ / / / / /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.
4Dm1n | 4 November 2014
/ /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.
