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...]
Not everyone knows about this…….
Have you heard of the Bereavement Support Payment?Not very many people have but the BSP is a payment that you may be able to claim if your husband, wife, or civil partner died after 6 April 2017. Because this benefit isn't means-tested, you can make a claim regardless of your income or whether you're in work.The BSP has replaced Bereavement Allowance (which was previously known as 'Widow's Pension'), Widowed Parent’s Allowance and Bereavement Payment.What is the eligibility … [Read more...]
HMRC Are Asking New IR35 Questions
The Taxman is asking new IR35 questions of clients whose contractors disputed their status and is quietly making changes to how he assesses end-client processes for handling contractor disputes over IR35 status, Treasury minutes reveal.The changes involve HMRC asking the client “specific questions” about their dispute-process and obtaining feedback on the volume of disputes; their outcomes, and if SDSs were altered.'Demands and questions from HMRC' “A list of all contractors – along … [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...]
National Insurance Increase Reversal; What this means for your payroll
As the Government is committed to a low-tax, high growth economy to ensure people retain more of the money they earn and for businesses to be able to invest, grow and be productive an announcement was made, that the National Insurance Contributions increase will be reversed along with the provisionally planned Health and Social Care Levy.National Insurance rates from 6th November 2022 will be reduced, removing the 1.25% increase for the remainder of the tax year. The Health and Social … [Read more...]
HMRC ‘will resist any reversal of end-clients making decisions on IR35’
The taxman will oppose any deviation from the central tenet of IR35 reform – that engagers decide the status of their limited company contractors.Issuing this assessment, HMRC dispute firm WTT Consulting could have been trying to clue-up or warn those hoping chancellor Jeremy Hunt uses his Autmn Statement 2022 on November 17th to announce an off-payroll review.Dolan Accountancy But the firm’s Graham Webber, who specified the resistance by HMRC to removing clients as the IR35 … [Read more...]