National Insurance

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, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]