Ir35 take home 85% under umbrella.

[lucyclarityumbrella]

True but there are some new rules coming out in September that will mean the recruitment agencies will need to be more careful over the umbrella companies they have 3rd party hire agreements with. Which is great news for the Umbrella companies that play by the rules.

Unless I am being completely blonde, can you explain what new rules these are? There has been debt transfer in place for some time already

[ASG]

True but there are some new rules coming out in September that will mean the recruitment agencies will need to be more careful over the umbrella companies they have 3rd party hire agreements with. Which is great news for the Umbrella companies that play by the rules.

What new rules in September?
Am I missing something?

[lucyclarityumbrella]

As of the 30th September 2017, recruitment agencies will need to be 100% confident with the companies they recommend to contractors, as new laws come into force. In an unusual turn the government has suggested that any consultants receiving kick backs for referrals, even not in monetary form, could find themselves caught up and potentially prosecuted for criminal tax evasion if they recommend a tax avoidance scheme.

Take a look at this for more details...

[cojak]

Oh happy days!

[lucyclarityumbrella]

We can but hope that it puts pay to referrals and helps to push the business in the right direction to compliant brollies!