As businesses continue to adapt to the evolving landscape of employment, many are turning to umbrella companies as a solution to streamline processes and manage their workforce efficiently. The HMRC publication dated 30/11/2023 sheds light on the responsibilities that businesses need to be aware of when engaging with umbrella companies. In this blog post, we will explore key insights from the publication and provide guidance for businesses to ensure compliance and successful … [Read more...]
Tackling Non-Compliance in the Umbrella Market
In 2018, the government committed to regulating umbrella companies following the Good Work Plan. In 2021 HM Treasury, HMRC and the Department for Business & Trade called for evidence on the policy options to regulate and tackle non-compliance in both tax and employment rights by umbrella companies.Umbrella companies play a big role in the temporary/contract supply chain providing their workers with employment rights and deducting the appropriate tax and national insurance contributions. … [Read more...]
Crackdown on National Living Wage and National Minimum Wage underpayments
The National Minimum Wage was introduced in 1999, and the National Living Wage in 2016. The NMW and NLW provide essential protection for lower paid workers, ensuring they are fairly paid for the work completed.The minimum wage sets the minimum hourly rate of pay that all employers are legally required to pay their workers, subject to their age and whether they are an apprentice.The Government is committed to taking robust enforcement action against employers who fail to pay staff … [Read more...]
New Tax Year Updates
Tax Codes, Exemptions & Allowances.Tax codes will not be changing, if you are currently on a 1257L tax code, this will remain the same for 2023. This means you can earn up to £242 per week or £1,048 per month before paying tax.The national living wage, minimum wage and for those aged 23 and over will increase to £10.42 from £9.50 which is an annual increase of 0.92p.The National Insurance Threshold will remain at £242 per week or £1,048 per month.Please remember to advise us … [Read more...]
ePayMe Wins Best Payroll Service Provider
We are delighted to announce that we have been named the Best Payroll Service Provider 2022 in the UK. This award recognises our outstanding commitment to delivering compliant payroll solutions to recruitment businesses of all sizes across the country.At ePayMe, we believe that payroll should be simple, efficient and cost effective. That is why we have developed a comprehensive range of payroll services that are designed to meet the unique needs of our clients.The award has been … [Read more...]
Government Consults On Holiday Pay Entitlement For Irregular Hour Workers
With last years Harper V Brazel case hitting the headlines, the Government is now consulting on holiday pay entitlement for irregular hour workers.It wants to hear from agency staff, contractors and umbrella companies on how the entitlement is totted up, along with making some proposals of their own.Because of the result of the Harper V Brazel judgement, part-year workers are now entitled to a larger holiday entitlement than part-time workers, who work the same total number of hours … [Read more...]
HMRC has updated Disguised Remuneration Settlement Terms 2020
On 7th December HMRC has updated Disguised remuneration settlement terms 2020 for tax agents or advisers.If you’re in a disguised remuneration scheme, there’s guidance on settling your own tax affairs.The guide can be used to help anyone in these schemes understand how their disguised remuneration liabilities will be calculated under the 2020 settlement terms. They take into account changes to the loan charge following the independent loan charge review, but should be used for … [Read more...]
ePayMe Business Partner of The REC
ePayMe is pleased to announce that it has become a business partner of the Recruitment & Employment Confederation, The REC.The partnership is a significant step for the Surrey company, which is also Professional Passport and APSCo accredited.We have been providing the recruitment industry with compliant and robust payroll solutions for many years. Our knowledgeable and helpful staff have a wealth of experience and a combined 100+ years working within the payroll space.REC sets … [Read more...]
Autumn Statement Overview
The Chancellor has announced in the Autumn Statement a series of changes that will affect finances.Jeremy Hunt started his speech in the House of Commons, stating that in the face of "unprecedented global headwinds, families, pensioners, businesses, teachers, nurses and many others are worried about the future. He says the plan leads to lower energy bills and a stronger health and education system.Here is an overview of the key points from the statement.Tax and wagesThe … [Read more...]
Working through an Umbrella Company, Key Information Documents and Your Employment Rights
An Umbrella Company like ePayMe, is a business that is used predominantly by Recruitment Agencies to pay temporary workers. Your umbrella company is your legal employer and will pay you PAYE. However, the work you carry out will be sourced by the Recruitment Agency on a short term and on an assignment by assignment basis.Before the Recruitment Agency can offer you an assignment, they may ask you to be employed by one of their preferred Umbrella Companies. Many Umbrella Companies are … [Read more...]