Umbrella Company -- Urgent update for ALL Contractors

http://www.tarpon-uk.com/
0845 643 1580

This week, the Inland Revenue have announced that they will be penalising all companies, including Umbrella Companies, who are abusing the expenses dispensation by not policing it correctly. It is critical that you act now and demand copies of the following documents from your Umbrella Company:

• A valid employment contract which clearly shows that you are a true employee.
• Written confirmation that the Revenue considers the Employment contract to be a true over-arching contract of employment.
• A letter from the Revenue confirming that the Umbrella Company have a valid dispensation. & the revenue is satisfied with how the Umbrella Company police their employee expenses.
•
If your Umbrella Company / payroll solution does not provide you with these documents, you need to switch to a compliant payroll solution -- NOW!

Tarpon is an employment benefits company which offers contractors a tax-efficient payroll service. We are experts at giving impartial tax advice. We'll claim up to 100% of your expenses back for you. And we'll provide you with a personal business manager to handle both your admin and your invoicing. Plus many additional benefits making contracting more rewarding.

I need a payroll solution...
As a contractor looking for a payroll solution, there are primarily three choices:

- form your own limited company,
- go PAYE with the agency, or
- use the services of an umbrella company.

By choosing an umbrella company, you'll be compliant with the new MSC legislation. You'll have permanent employment status. And, as you'll be paid through PAYE, IR35 will no longer be an issue.

Why use an Umbrella Company?
You'll be complying with MSC legislation and will not have to worry about IR35, as you will have permanent employment status.

• The hassle of setting up your own limited company is removed -- joining an umbrella company is quick and easy to do. And you won't need to hire an accountant.

• Your umbrella company is responsible for invoicing your client and chasing payments -- not you.

• You'll then be paid through PAYE, taking care of tax and NI. Your umbrella will also process expense claims for you, reducing your tax and NI liabilities.

• You also won't have to worry about the hassle of time-consuming self-assessments, nor saving for your tax bill.

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I appreciated your providing up-to-date information regarding Umbrella Company. It is critical to know this. We need to know what an agency must consider when using an Umbrella service.