Following Governments Call…
Following Governments Call for Evidence on the Umbrella industry and yesterdays release of the Summary of Responses, here’s what you need to know…
With legislation expected in April 2024, Government will consider a range of potential measures to address non-compliance in a nod towards regulation:
Enforcing due diligence throughout and across the entire supply chain. Not exactly a game changer!
Where a tax debt cannot be collected from an umbrella company, HMRC will look to transfer the debt across the entire supply chain. Sound familiar?
Deeming the employment business which supplies the worker to the end client to be the employer for tax purposes where the worker is employed by an umbrella company, moving the responsibility to operate PAYE. Very unwieldly for a very large proportion of recruitment agency operators.
There is a very well-trodden path in recent years where the introduction of new and amendments to existing legislation is underpinned with burdensome debt transfer rules.
Next steps? Choose Total Supply Chain Assurance: We provide comprehensive supply chain assurance with weekly real-time payslips and RTI audits of all our umbrella employees combined with our annual FCSA Accreditation. Transparency and compliance are paramount throughout the supply chain – take action today.
For any questions or concerns, feel free to reach out to us. We’re here to guide and support you in having a compliant and secure working experience for contractors, recruitment businesses and end-hirers.