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From April 2027, HMRC will be introducing the mandatory payrolling of Benefits in Kind (BiKs), which will change the current way in which taxable employee benefits are taxed and reported. For most umbrella employees income is received through PAYE, but some may also receive taxable benefits such as private medical insurance, company mobile phones, some workplace perks, or other [...]

Working through an umbrella company means that most of your tax responsibilities are taken care of through PAYE. Whilst this may be the case, it’s important to understand HMRC’s key deadlines throughout the tax year in order to ensure you remain compliant and avoid any unexpected tax issues.  In this blog we’ll explore the important UK tax deadlines for the [...]

September marks the halfway point through the current tax year, which makes it the perfect time to review your earnings, your current tax position, and financial goals as an umbrella company employee. For most contractors it’s not unusual to wait until January or February to start thinking about their tax planning, but by then some opportunities may have already [...]

When beginning a new contract through an umbrella company, you may be asked by your recruitment agency whether you’d like to opt in or opt out of the Conduct of Employment Agencies and Employment Businesses Regulations 2003. For most contractors, it’s just another form to fill out during the onboarding process. It’s important to understand what it is and [...]

For many UK contractors, depending on their contract structure, tax position or client requirements, they’ll work through a combination of running their own Limited Company, or as an employee under an Umbrella Company.   Whilst an umbrella employee’s pay and tax are handled through PAYE, if you’re also running a Limited Company alongside it additional reporting obligations are introduced, especially around Benefits in Kind (BiKs).  One of the most important [...]

As an umbrella company employee, you’ll most likely come across the term Unique Taxpayer Reference (UTR).  But what is it, what is it used for, and most importantly, as an umbrella employee do you even need one?  In this blog we break it all down in simple terms, so you understand exactly what a UTR is, and how it fits into your tax situation.  [...]

Most umbrella company employees are paid through PAYE, so their tax and National Insurance is automatically deducted from their wages. For most, this means they do not need to complete a Self-Assessment tax return.  However, there are some umbrella employees who may still need to file one.  If you receive additional income, have more than one role, or have certain specific tax circumstances, you may still need [...]