From April 2021, off-payroll working (IR35) legislation is changing, impacting payroll processes for large private employers, recruiters and contractors. What is IR35? IR35 is a piece of tax legislation introduced by HMRC in 2000. The aim of the legislation was to ensure the correct amount of tax and national insurance is paid. The intention was to assess the duties of contractors, to ascertain who should…
DetailsThe story so far… IR35 has been around since 2000. It aimed to catch people who were claiming to be self-employed when their duties were more like employees. Under the current legislation, the onus is on the contractor to assess each assignment and decide if they are Inside IR35 or Outside IR35. Inside IR35 – The duties for that assignment…
DetailsIt appears that contractors are becoming common victims from phishing emails. Phishing emails can be one of the most dangerous forms of cyber-crime. These emails appear to be from legitimate sources (like HMRC or an Umbrella Company) and request sensitive information from the recipient. This information is often requested either within the body of the email, or through a…
DetailsThe IR35 changes resulted in an announcement from Barclays outlining that they will no longer employ anyone contracting as a sole trader or a limited company. Barclays contractors who are paid through agencies or via the bank’s procurement teams mustn’t have their contracts extended further than February 2020, and that new contractors hired from January 2020 must be PAYE.
DetailsThe IR35 Private Sector reform will commence in April 2020. If you’re employed by Exceed Umbrella you won’t have to worry about this at all as the changes do not affect you. On the other hand, if you’re not employed by us or any other Umbrella company, and are Self-Employed, you will be impacted. We’ve put together a few tips to help you prepare for the IR35 reform.
DetailsThe Loan Charge has been a hot topic of debate over recent months in contracting circles and it’s not difficult to see why. HMRC are deliberately targeting thousands of workers who have used disguised remuneration schemes since 1999.
DetailsPrivate sector off-payroll IR35 legislation was published in draft form this week in the Finance Bill 2019/20. The legislation was basically the same as discussed during the consultation process. This makes it almost identical the rules in the public sector.
DetailsThe murky world of loan schemes is getting a whole lot murkier with a new breed of dodgy loan schemes. Contractors need to make sure their umbrella company provider is not actually a loan scheme in disguise.
DetailsWe are very pleased to announce that we are now accredited by Professional Passport for Umbrella and CIS Sole Trader solutions. Professional Passport is the largest independent assessor of payroll solution compliance in the UK. They work with all aspects of the contractor industry from contractors themselves right through to accountancy and umbrella providers. Professional…
DetailsWe are very pleased to announce we are now working with then industry leading independent feedback platform Feefo! Feefo allows only genuine Exceed customers to review our service via a secure, trust worthy and independent system.
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