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...]
EU settlement scheme update
From September 2023 people with pre-settled status under the EU settlement scheme (EUSS) will automatically have their status extended by 2 years before it expires if they have not obtained settled status.The process will be automated by the Home Office and reflected in the person’s digital status, who will then be notified of the extension directly. This will ensure that no one loses their immigration status if they do not apply to switch from Pre-Settled to Settled status.The Home … [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...]
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...]
SEB on ICE
With the Single Enforcement Body shelved for the time being, it’s up to umbrella companies to step up.A recent article stated that the UK Government has reportedly shelved plans to introduce an independent body to oversee workers’ rights in the UK.On the 13 December, Grant Shapps told the Commons that plans for a Single Enforecement Body (SEB) for labour laws have been put to one side.Announced in June 2021, the watchdog was intended to combine the work done by the Gangmasters and … [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...]
Support package for over 50s jobseekers
On the 4th July the Government announced a new support package to tackle unemployment amongst the over 50s on benefits.The new measures are set to help a quarter of all job seekers get back into work with an estimated £22 million investment.As a stable income is the best route for people to support themselves through challenging times, Jobseekers over the age of 50 will have more one-to-one support at jobcentres. This will help them get into and progress in work, boosting their earnings … [Read more...]
HMRC names avoidance scheme promoters for first time
All legitimate umbrella companies have been calling for the regulation of the sector for a long time.We are pleased to announce that Tax avoidance schemes have been named for the first time by HM Revenue and Customs (HMRC) as users are warned they could face large tax bills.HMRC has today advised anyone involved in Absolute Outsourcing’s or Purple Pay Limited’s Equity Participation Scheme to withdraw from them as soon as possible to prevent building up a large tax bill.This is the … [Read more...]