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Providers for contractor companies may face audits, but not accreditation
HMRC is mooting schemes to accredit or audit service providers to contractor companies to ensure that they are not managed service companies. But there is no commitment to such a scheme, and consideration is just starting.
�nd as a result many more are being lured into non-compliant, or questionable offshore schemes.'' Accreditatio�
Category: News | Mon, 24 Sept 2007

Contractors risk falling into dodgy schemes under new law
The plan to audit service providers will mean that new contractors get good advice and avoid traps
�pending money and time to determine how to become compliant. New Scheme Will Help Fortunately, HMRC is planni� �law,'' Roback points out. As in any industry, the contracting industry includes a number of service providers w� �agency that placed the ad, and taking their first contract. It then becomes clear that they need some way to�
Category: News | Mon, 29 Oct 2007

Contractors resent treasury attack, JSA poll shows
A survey of contractors by JSA shows that a vast majority resent the attack by the Treasury on managed service companies, and, indeed, feel unjustly singled out by it.
�administration of their own limited companies is compliant. Yet an inescapable paradox emerges: the Governme� �points out that the law attacks a far part of the contracting industry than it was originally intended to do. '� �anyone would choose the comparative insecurity of contract work. But the simple fact is that they do, and th�
Category: News | Mon, 11 Jun 2007

Contractor exclusive: brown defines managed service companies
ContractorCalculator offers an exclusive: the text of the law in the budget that will change the way you do business: managed service companies.
�r own Personal Service Company or to go through a compliant Umbrella . However there may be short term proble� �panies could be applicable to a large part of the contracting industry. "The definition has been widened and we� �operate especially if they are already tied into contracts for some months post April 2007." Agencies are ex� �serious concern for those who are currently under contract to managed service companies , What do they do no�
Category: News | Thu, 22 Mar 2007

Contractors can judge umbrellas on comparison site
On the umbrellasupermarket web site, contractors can find ways to compare the service companies and choose which one is right for them.
�exercise, I’ve found virtually all Umbrellas are compliant with current tax legislation. As in any industry,�
Category: News | Thu, 22 Nov 2007

Umbrella contractors could face tighter expenses regime from 2013 Budget
Contractors are likely to see greater regulation of expenses, says Parasol, which is introducing expenses reforms for its contractors.
�y allowances only’ model to ensure they are fully compliant,” he adds. We know government is targeting the co� �ble changes. “We know government is targeting the contracting industry and we feel it’s only a matter of time b�
Category: News | Tue, 15 Jan 2013

Contractors see no slowdown in the city
A number of compliance measures, along with the skills shortage, has meant that there has been no slowdown in demand for contractors in financial services.
�who can do what is necessary to make these banks compliant. Is there much likelihood of a slowdown for IT co� �t, observers cite no evidence of a slowdown in IT contracting for financial services. Graeme McIntyre, one of t�
Category: News | Wed, 31 Oct 2007

Contracting abroad: the most attractive contracting destinations according to the WEF
Contractors can use the Global Competitiveness Report 2014-15 by the World Economic Forum to identify the most attractive contracting destinations.
�brellas that have the right permits to be legally compliant. Japan and Sweden suffer from over-regulated labo� �Contractors looking for the best location for contracting abroad can use the latest Global Competitiveness� �proposition for contractors evaluating long-term contracts. Hong Kong and the Netherlands, in seventh and ei�
Category: News | Thu, 04 Sept 2014

Contractor industry body moves to mitigate impact of treasury consultation
In the wake of the Treasury’s proposed consultation on contractor’s expenses, umbrella company industry body the Association of Employment Management Companies and Lawspeed announce a meeting to discuss the implications.
�e sector apart and possibly decimate the existing compliant contractor umbrella companies with tens of thousa� �on, which truly represents a large element of the contracting sector and has extremely high audit requirements� �and agencies that operate overarching employment contracts, as well as accountants who work with contractors�
Category: News | Wed, 23 Jul 2008

Off-Payroll amendments could pose problems for payroll companies
The redefinition of intermediaries in the final amendments to the Off-Payroll legislation threatens to make umbrella companies redundant.
�ies and other payroll intermediaries, research by IR35 Shield reveals. Introduced to Chapter 10 of the I� �tax deductions, removing the opportunity for non-compliant payment intermediaries to enter the supply chain.� �e via an umbrella company for the duration of the contract. The supply chain now consists of the client, rec�
Category: News | Thu, 08 Oct 2020