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New figures suggest that dodgy umbrella companies could be costing thousands of temporary workers through lost holiday pay.
Freelance support group IWORK calculated that at an average salary of £26,000 per year, umbrella workers would be missing out on more than £3,000 of holiday pay.
They estimate that if just 2% of the UK’s 1.6 million temps are affected, they would be shortchanged by a collective £97 million per year.
A new survey has revealed that almost two-thirds of freelancers and temporary workers have considered moving to other types of work, with the majority saying that job security was their main concern.
The survey, conducted by Bullhorn, found that 63% of temporary workers had thought about moving to permanent, part-time or full-time work.
The CBI (Confederation of British Business) who lobby on behalf of British businesses have responded to the HMRC discussion on Employment Intermediaries: Temporary Workers – Relief for Travel and Subsistence Expenses.
At Umbrella.co.uk we were a member of and part of the steering group for the FCSA led Syndicate of Employment Intermediaries and their response to the HMRC discussion document titled “Employment Intermediaries: Temporary workers – relief for travel and subsistence”.
In the news this week it was reported that workers at CityLink (the delivery business with the yellow and green vans) received the news on Christmas Day that many would be losing their jobs with redundancies expected after New Year’s Eve.
Latest analysis of the UK jobs market by KPMG and REC shows that temporary worker billings have increased significantly in recent months.
The UK Report on Jobs for January shows that hiring activity increased again at the start of 2022.
A new report on the UK labour market has revealed that a lack of candidates is driving up rates of temp and starting pay.
The KPMG and REC’s latest UK Report on Jobs survey found that strong demand for staff, coupled with a steep fall in the labour supply, drove the sharpest increase in starting pay since the survey began in 1997.
At Umbrella.co.uk we were a member of and part of the steering group for the FCSA led Syndicate of Employment Intermediaries and their response to the HMRC discussion document titled “Employment Intermediaries: Temporary workers – relief for travel and subsistence”.
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
Yesterday 16th December 2014 HMRC issued their discussion document on changing the current scheme in respect of the tax relief temporary workers currently benefit from for costs reimbursed in relation to travel and subsistence (food and drink).
