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Umbrella Companies Explained

Working in recruitment within the temporary contract market, we’re sure that you will be aware of how useful Umbrella Companies can be.

However, you will probably also be aware that there are several hundred operating in the UK that aren’t compliant with current legislation. As an agency, if you use a non-compliant company you could leave yourselves wide open to financial penalties from the debt transfer legislation. You may also have been advised that underpayments of PAYE tax is the liability of the umbrella company, however it is a personal tax and therefore the contractor will be liable.

Extract from Umbrella Companies Explained for Agencies:

SUMMARY:
HMR&C demand compliance from Umbrella Companies, however they do NOT offer audits or provide any ‘approval badging’, therefore we took it on ourselves to undertake a stringent audit in 2014. The successful completion of the audit means that we are pleased to be accepted as a valued member of APSCo. There are a number of companies that review and ‘approve’ umbrella companies, the stamp of approval is designed to prove that the umbrella company is serious about compliance. Needless to say we have put compliance at the very core of our business.

Get it right and you can expect a long and prosperous partnership which is beneficial to all parties involved.

If you would like to request a copy of our guide, please complete the form below, and we will arrange for a copy to be sent to you direct.
 

Umbrella Companies Explained Form

Why Choose ContractorUmbrella?

ContractorUmbrella is the hassle-free, straight talking umbrella company that provides umbrella employment for UK based contractors and freelancers. Independently voted as the best umbrella company by the readers of Contractor UK.

As one of the most trusted umbrella companies in the UK, we guarantee our employees peace of mind, absolute compliance and complete security. We are one of the longest standing and most respected umbrella companies in the UK.

Benefits of working through ContractorUmbrella;

  • Fast and easy registration-  be ready to work in 24 hours, simply register online and we’ll take care of the rest.
  • Calculate your take home pay- use our online calculator to find out how much you could be taking home through ContractorUmbrella.
  • Same day payments- we offer same day payments as standard, for no additional fee.
  • Our Commitment Charter- is our guarantee that you will be looked after at every step of the way.
  • Flexible Limited Company accountancy- when you sign up to our sister company Dolan Accountancy, you can transfer to ContractorUmbrella when umbrella employment better suits or your assignment sits inside IR35.
  • Employee Benefits- at ContractorUmbrella there are many benefits available to you as our employee including Childcare Vouchers, our Employee Rewards Scheme, Group Pension Scheme, Foreign Currency Exchange, Contractor Accommodation, Contractor Mortgages and much more.
  • Personal Employee Liaison Officer- we believe in the personal touch, so you will have your very own dedicated Employee Liaison Officer during your employment with us. Read some of the glowing testimonials we've received about our lovely staff and the outstanding commitment they give to all our employees and clients.

If you’d like to find out more, call us on 01206 591 000 or request a call back by completing our online form.