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Industry News

We finally have the furlough pay clarification we need

When the Government introduced the Coronavirus Job Retention Scheme (CJRS) the country breathed a sigh of relief. However it was short lived for our umbrella employees because once we had all digested the guidance, it was clear that the Government hadn’t fully considered the way in which an umbrella employee works, and more specifically how the definition of regular salary should be interpreted for such an employee.

Mon 4th May, 2020 | Paul Malley

Industry News

Why furlough pay isn't straight forward for umbrella employees

In this article we look at the challenges around furlough for umbrella employees. In particular the frustration and confusion created by differing opinions as to whether furlough pay is calculated on gross pay or basic pay.

Thu 30th Apr, 2020 | Paul Malley

Industry News

The Coronavirus Act 2020 and the furlough pay calculation

In this article we take a look at the question that is proving so controversial: how do you calculate furlough pay for umbrella workers? But before we go into the legal technicalities we think it is important to say that this could be cleared up in a minute if the Government were to say; “for umbrella companies it works in this way.”

Thu 30th Apr, 2020 | Julian Ball

Industry News

Off-payroll working delayed until April 2021

A shock announcement last night saw Chief treasury secretary Steve Barclay announce that the change to the off-payroll working rules will be delayed for one year to 6th April 2021.   This is part of additional support for businesses and individuals to deal with the economic impacts of Covid-19. The delay means that the different rules that exist for inside and outside the public sector will continue to apply until 6 April 2021.

Wed 18th Mar, 2020 | Kerry Hull

Industry News

Budget 2020 - The Headlines

In the first UK Budget since Spring 2018, the new Conservative Chancellor of the Exchequer, Rishi Sunak, today had to factor in the major financial, business and societal disruption caused by the outbreak and threat of the COVID 19, or coronavirus.

Wed 11th Mar, 2020 | David McManus

Contractor Info

The Big Picture - February 2020

With the introduction of the new legislation due in a matter of weeks you will spot a trend with this month’s newsletter – help and advice regarding the off-payroll working legislation. For instance, if you’re a limited company contractor affected by the changes, you may not be aware of how an umbrella company differs from an agency payroll, so we explain the difference between the two and the benefits that can be gained from working as an umbrella company contractor.

Thu 27th Feb, 2020 | Paul Malley

Industry News

HM Treasurys review of changes to the off-payroll working rules

The last minute review of how the new rules would operate, brought about by an intense campaign by and on behalf of the contracting industry, led to HMRC undertaking a detailed review of the draft legislation due to come into effect on 6th April 2020. Here is a quick look at the key outcomes and what you need to know ahead of the deadline.

Thu 27th Feb, 2020 | David McManus

Contractor Info

A wolf in sheep's clothing - beware of HMRC scams

As the Self Assessment tax return deadline of 31st January draws closers, we thought it would be important to remind you of remaining vigilant to scammers who imitate HMRC in an attempt to steal the hard-earned money of our contractors. There are many inventive ways in which these scammers work, through multiple channels in an attempt to trick people into a false sense of security. Read on to learn more about what to watch out for.

Mon 20th Jan, 2020 | Tom Sweeney

Industry News

Infographic: December Contractor Market Report

Each month we highlight key points taken from REC's Jobs Outlook Survey to bring you the latest contractor market trends.

Thu 9th Jan, 2020 | Steven Cheeseman

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