It was announced in the 2016 Budget that those working through an umbrella company (or similar intermediary), and who are subject to Supervision, Direction or Control (SDC), will no longer be able to claim Travel and Subsistence expenses from 6 April. We will discuss SDC in accordance to HMRC, and help you determine whether you…
On Wednesday, the 2016 Budget was presented to MPs in the House of Commons. This year’s Budget has reiterated the government’s intention to clamp down on those they perceive to be avoiding taxes. We are yet to receive definitive information on many of the topics relating to contractors and the self-employed; however, the imminent release…
As discussed in our February article, ‘What are HMRC changing in legislation for Travel and Subsistence?’, from 6 April 2016, the government have decided to bring in legislation that will affect our expanding temporary workforce in the United Kingdom. In the Cloud9 Umbrella/K&B Accountancy Group offices, we are finding that many contractors are still in…
The new tax year is fast approaching and we are noticing a trend in umbrella contractors who are incorporating their own personal service company (PSC) in order to minimise, or even mitigate the restriction on Travel and Subsistence expenses. While we cannot comment on any particular models offered by other accountancy and umbrella service providers,…
With so many umbrella companies in operation today, it is crucial that you are confident in your payroll provider being both compliant and trustworthy. Recent changes to tax and employment legislation means that your agency could be liable for penalties, or even subject to debt transfer. By having a Preferred Suppliers List (PSL), or an…
April 6th is fast approaching and there are a number changes coming into play that will have a vast impact on our temporary work force. Whilst nothing is set in stone until the budget is published on March 16th, here is an outline of what to expect… The government have introduced new legislation which will…
More often than not, you’ll find discussions and reasons as to why you should move from an umbrella to a limited company. But we thought we’d discuss the reverse, because sometimes, the arrangements of working through a limited company, no longer make sense for the position you are in. So why might you consider switching…
It has been a turbulent year for contractors, especially those who work within the public sector and have been hit by the introduction of the “off-payroll” reforms in April. Now a storm of risky umbrella firms are luring temporary workers with promises of higher take-home retentions in a bid to sidestep the tax crackdown that’s…
On Wednesday, the 2016 Budget was presented to MPs in the House of Commons. This year’s Budget has reiterated the government’s intention to clamp down on those they perceive to be avoiding taxes. We are yet to receive definitive information on many of the topics relating to contractors and the self-employed; however, the imminent release…
What has changed? The Spring Budget 2016 has confirmed there will be restrictions for contractors who are claiming travel, subsistence and accommodation expenses, starting from 6 April. From now on, Cloud9 Umbrella will have to assess all of our workers, and determine their Supervision, Direction or Control (SDC) status. This will help us ensure that…
The latest IR35 tribunal case win for contractor Susan Winchester has been penned as a ‘game-changer’ for the industry. After a year-long battle, Winchester successfully won over £4000 in compensation for holiday pay from HMRC, after being placed as inside-IR35. Background In September 2016, Winchester’s company, SJW Marketing Solutions Ltd, was contracted by HMRC…
Since the public sector reform in April 2017, we are still asked frequently by public sector contractors if they should continue using their own limited company or switch to an umbrella. The answer very much depends on each individual’s circumstances thus we would strongly encourage contractors to speak to us for tailored advice. Nonetheless, we…