Mini umbrella companies make the headlines again as HMRC lose out on millions of tax - FI

Mini umbrella companies make the headlines again as HMRC lose out on millions of tax

An investigation into mini umbrella companies conducted by BBC Radio 4’s File on 4 found that over 40,000 workers from the Philippines have been sourced to front UK-based umbrella companies to promote tax avoidance. This article looks into mini umbrella companies and explains how they’ve contributed towards millions of lost tax.

Working through an umbrella company guidance released by the government

Working through an umbrella company guidance released by the government

To help contractors and freelancers who may require the services of an umbrella company, the government has released some official online guidance called ‘Working through an umbrella company’. Available on the official government website, the concise information is designed to help temporary workers understand how umbrella companies work and what they should expect to retain as their net salary. We’ve summarised the legislation below, and we hope you find it helpful.

Umbrella companies are put under the spotlight in new report by the LITRG

Umbrella companies are put under the spotlight in new report by the LITRG

As changes to off-payroll in the private sector get closer, umbrella companies are being discussed more than ever. To help the supply chain of temporary workers understand umbrella companies and how they operate, the Low Incomes Tax Reform Group (LITRG), part of the Chartered Institute of Taxation (CIOT), has released an impressive 149-page technical report on umbrella companies. The report covers everything – from how umbrella companies work – to disguised remuneration schemes. Keep reading, and we’ll summarise the report entitled: Labour Market Intermediaries.