Browsing Category
Umbrella Companies
“Ghost payroll”: new tax avoidance scheme coming after contractors and recruitment agencies
The contracting sector is constantly evolving, and unfortunately, not all developments are for the better. Professional Passport, a payment intermediary and umbrella compliance adviser, has sounded the alarm about a new form of tax…
Dwindling self-employment: is it killing our economy?
Self-employed individuals are vital to any community and economy. Collectively, they are a tax-generating powerhouse. So, what happens to a nation's economic growth and social programmes when self-employment numbers decrease year-on-year?
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Umbrella industry left unregulated for another year
Freelancers left frustrated by latest government inaction over umbrella company tax avoidance protections
Freelancers forced to work through umbrella companies were left disappointed today after the government's announcement on tackling…
Q&A: Protecting Contractors from Umbrella Company Abuses and Opaque Rates
The Freelance Informer is concerned about the risks contractors face from tax avoidance schemes within some umbrella companies and the complications caused by non-transparent assignment rates. We spoke to Ray Walker, Worksome's VP of…
Assignment rate unravelled: questions to ask before you accept an off-payroll job
SPECIAL REPORT
If you are starting your contracting journey in 2024 or deciding to take an off-payroll job especially one that the recruitment agency insists you work via an umbrella company, then there are some crucial things you need…
Another umbrella company caught in a tax avoidance scheme. The scope of damage yet to be determined
The latest discovery by HMRC of an umbrella company servicing contractors is likely part of a tax avoidance scheme is a stark reminder to freelancers and temp workers that they must do background research on an umbrella company's Companies…
25 Reasons why HMRC could use AI for umbrella company background checks
Automating background checks to weed out tax-avoiding umbrella companies could save HMRC time and resources compared to manual investigations. It could also save thousands of freelancers financial heartbreak. Here we share 25 reasons why…
Rumours of NI or income tax cut could put Conservatives back into self-employed good books
Autumn Statement: NI or income tax cuts could be a win-win for the self-employed and the economy. Plus self-employed and independent worker specialists share their views on what they'd like to see announced in the upcoming Chancellor's…
Tax non-compliance in the umbrella market: isn’t it time the masquerade party came to an end?
The umbrella market has been a hotbed for tax non-compliance, with unsuspecting temps and contractors falling foul of tax avoidance schemes every year. A new report assesses the damage to workers and the umbrella companies that are…
Tax Non-Compliance in the Umbrella Market: What Workers Need to Know
Any freelancer, contractor or temp worker who has found the ideal project or client but is being forced to work with an umbrella company to get paid, must understand the risks of tax non-compliance
The Problem
The umbrella market is…