Do I need to submit a Tax Return if I work via an umbrella company?

With just over a month to go until the self-assessment tax deadline, it is worth double-checking whether or not you have to submit a self-assessment tax return. In many cases, umbrella company employees won’t need to submit a tax return because they are taxed similarly to those in permanent employment (PAYE). However, any additional income may need to be disclosed to HMRC by submitting a tax return. Continue reading to discover whether you need to file a self-assessment tax return.

Why Should You File Your Self Assessment Tax Return Before Christmas FI

Why should you file your Self-Assessment Tax Return before Christmas?

If you are required to submit a self-assessment tax return for the 2020/21 tax year, it’s recommended you file it before Christmas – to ensure you’re well within the deadline of the 31st January 2022. This blog explains more about the importance of beating the deadline, and we explain who needs to complete a tax return. There are also a few eye-opening facts about the submission of tax returns during the Christmas period. Keep reading to find out more.

New government umbrella company consultation suggests regulations could be on the horizon FI

New government umbrella company consultation suggests regulations could be on the horizon

The government has launched an open consultation into the role of umbrella companies in the labour market to better understand the industry and how umbrellas interact with the tax and employment rights systems. The consultation requests multiple stakeholders’ input by answering a series of questions, including contractors, recruitment professionals, and end-hirers. In this article, we summarise the consultation and explain how you can help contribute to the sector’s expected developments next year.

The Autumn Budget 2021 in a snapshot - FI

The Autumn Budget 2021 and Spending Review in a snapshot

Today (Wednesday 27th October 2021), Chancellor of the Exchequer, Rishi Sunak, delivered his third budget in parliament, along with the Spending Review. As the country looks to bounce back from the catastrophic impact of the coronavirus pandemic, experts predicted several tax hikes and strategies to recuperate billions of pounds for the UK economy. This blog article summarises the key announcements in the Autumn Budget 2021 and Spending Review, and includes feedback from the Freelancer and Contractor Services Association (FCSA).

Important information for agency and temporary workers: beware umbrella company cloning - FI

Important information for agency and temporary workers: beware umbrella company cloning

A new type of fraud has swept across the umbrella company sector, and it’s targetting compliant umbrella companies, recruitment agencies and tens of thousands of honest, hard-working contractors and freelancers. Please keep reading as we explain what umbrella cloning is, what has happened so far, which companies have been targeted, and how to identify fake communication from criminals pretending to represent legitimate umbrella companies.

New government guidance to help recruitment agencies avoid referrals to non-compliant umbrella companies - FI

New government guidance to help recruitment agencies avoid referrals to non-compliant umbrella companies

The government has released new guidance for UK-based recruitment agencies and businesses that place temporary workers with umbrella companies. The guidance aims to help companies to reduce the risk of referring candidates to non-compliant umbrella companies. We’ve summarised the guidance below, and it’s well worth a read.

Why is Churchill Knight Umbrella partnered with My Digital – umbrella company software providers? - FI

Why is Churchill Knight Umbrella partnered with My Digital – umbrella company software providers?

Churchill Knight Umbrella is committed to compliance within our sector. However, we’re equally dedicated to customer service and ensuring our umbrella company employees have the best possible payroll experience using our umbrella company. As a result, we’re delighted to provide all our employees with access to My Digital – state-of-the-art cloud-based software specially designed exclusively for umbrella companies. My Digital makes getting paid with an umbrella company more effortless than ever before. Most importantly, the software is secure and protected with cyber security that is second to none. Keep reading, and we’ll explain My Digital’s approach to cyber security.