From today (1st October 2010) the National Minimum Wage has increased from £5.80 to £5.93 per hour.
If you are working through an umbrella company this can affect you if you receive a very low or zero commission element in your normal wages.
Industry News Articles
4Dm1n | 1 October 2010
/4Dm1n | 9 August 2010
/ / / / /HMRC Clamps down on Minimum Wage Rules
4Dm1n | 23 June 2010
/ / /As with most budgets there is good and bad news! Here we look at the changes that are most likely to effect people contracting in the UK.
4Dm1n | 25 March 2010
/ / /No huge shocks with duty increases on high value home purchases and the usual culprits: beer, tobacco and petrol!
Income Tax and Personal Allowances. No change to rates previously announced. The changes previously announced mean the following changes from 6th April 2010:
4Dm1n | 17 September 2009
/ / /HMRC have the following advice for contractors who expect their contract to be for a term greater than 2 years.
4Dm1n | 9 September 2010
/A new computer system at HMRC has highlighted that over 6m people have previously been undercharged in calculating their tax bill. The good news is that there are also over 4m people who are due a refund.
HMRC have started sending out letters so expect to find out soon if you owe money or are owed money!
4Dm1n | 9 August 2010
/What is an Over-arching Contract? An overarching contract with an umbrella company allows you to be recognised as an employee of the umbrella company and to therefore benefit from the statutory entitlements of being an employee.
4Dm1n | 31 March 2010
The simple answer is yes you could have 2 Umbrella Companies.
It is just the same as having two jobs or 2 employers.
4Dm1n | 24 March 2010
/ / /If you're a contractor worried about how today's budget may affect you and your family then the good news is PayMatters will be providing a summary as it happens.
4Dm1n | 9 August 2009
/ /The Agency Workers Directive is expected to mean that "contractors" working through Umbrella Companies will also be classified as workers in the Working Times Regulation 1998.
