About ContractorUmbrella Ltd
Using a flexible workforce is invaluable within the Public Sector but, with new regulations in place, you could be leaving yourself open to considerable budget reductions if you risk working with personal service company contractors rather than a PAYE umbrella company.
As you are no doubt aware, Sir David Nicholson recently addressed the issue of tax avoidance within the NHS, laying the responsibility for compliance firmly at the door of Trust bosses. All interim contracts that exceed 6 months in length and are paid at a rate of more than £220 per day must be reviewed by NHS managers to ensure that the worker is paying the correct amount of tax, with sanctions to apply if the new rules are not adhered to.
Workers who operate through a single person Limited Company (or Personal Service Company) may only draw dividends from their company if they can prove that they are outside IR35, a legislation introduced to determine whether or not contractors are in fact deemed employees, otherwise they must process their earnings through PAYE. Confirming the IR35 status of contract staff will now be the responsibility of NHS Managers; failure to do so could result in a substantial reduction in departmental resource budgets!
However, there is an alternative… ContractorUmbrella Ltd employs contract workers and processes their earnings through standard PAYE; this ensures compliance with IR35 and the new directives from the NHS Chief Executive. The Umbrella Company takes on all statutory employer responsibilities, engaging all workers under a Contract of Employment, which removes the onerous burden of compliance checks from NHS Managers.
Unlike other stand-alone umbrella companies, ContractorUmbrella Ltd has the backing of the largest network of specialist contractor service provider companies in the UK, the SJD Group. We offer the security of a brand name, exceptional levels of customer service and over 10 years experience working with over 12,000 contractors. To show our commitment to compliance within the industry, protecting clients and contractors alike, we set up the “Umbrella Company Best Practice Charter” which can be found at www.allumbrellacompaniesareequal.com. We are also proud to have been independently voted as the Best Umbrella Company by readers of ContractorUK.
In a few words, taking on contract staff that are employed by a compliant umbrella company is the safest way for you and your contractors to work yet surprisingly, few companies are aware of this. So why not call us on 01206 713 680 and we will show you how easy it is for you to work with ContractorUmbrella Ltd.