Originally posted by BolshieBastard
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Previously on "Contract agency not willing to sign a contract with my umbrella company"
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Originally posted by 2solid View PostI had the same experience once..Agency gave me a list of 3 brollies and I had to choose one..I used them until I set up my Limited co., then terminated their service..
Thats what you can do too..
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How the **** or more pertinently, why the **** are foreign nationals still being allowed into the UK and take employment from unemployed UK contractors when there's a shortage of IT jobs in the fecking country?
Makes the steam off my piss boil this, it really does.
BTW Im working and not unemployed.
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Originally posted by prpanther View PostHello all,
I am new to this forum. I just got my first contract here in the UK. The agency that hired me is a leader in the UK. Since I don't have a limited company here, I am opting for an umbrella company. But my agency is refusing to work with my preferred umbrella companies and instead insisting to choose one from their preferred list.
I spoke to the umbrella companies in their list. They seem to provide PAYE type scheme with a minimal invoicing fee every month. But unfortunately, I am losing a big chunk in tax every month.
Alternatively, I was thinking of choosing an offshore company scheme which gets me better returns. While there are arguments for and against this scheme, this post is not related to this.
I want to know, if it is legal for an agency to force me to use one of their own recommended umbrella?
Thanks.
Thats what you can do too..
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Ok I believe an agency can do that, but I've not experienced it myself. Seems strange that the agency should choose to exclude any jobbing contractor happy with their current setup and unwilling to use their PS.
What brollies are the agents pushing?
Re-reading your post, It's likely that the agency has done it's due diligence and excluded dodgy schemes like EBTs, or brollies making spurious claims. AFAIK, the difference in what you should (legally) be paid from one brolly to another is down to their rates. The sums should be the same otherwise.
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Originally posted by realityhack View PostAs far as I know, you can use whatever umbrella co or ltd arrangement you choose.
FWIW I won't sign a contract with an offshore Ltd company if I was hiring. No benefit to me so why should I?
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Originally posted by ASB View PostAlmost certainly. It is just possible it is an illegal restraint of trade - but very unlikely.
Normally I'd say this was pretty unreasonable, but from the sounds of things your current plans are potentially rather dodgy, so I'd sympathise with the agency...
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Guest repliedWhy not have your umbrella company contract with one of theirs ?
Otherwise, go Ltd Co - if you are going to be here a while then its what you want anyway. The HMRC is cracking down on offshore schemes and trust me when I tell you - especially if your offshore Umbrella is Global International / Cellbrite - they won't look out for your interests if the taxman comes knocking..........the Ltd Co is the only legal way to go.....
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Originally posted by prpanther View PostI want to know, if it is legal for an agency to force me to use one of their own recommended umbrella?
Thanks.
Basically any entity can do business on whatever terms it like.
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Originally posted by prpanther View PostI am really afraid of IR35 and other unknown things
If you are going Ltd Co, all you need to do, as a first step, is to get your contract reviewed by a IR35 specialist, and as a second step is to be careful of your working practice. I know there are other IR35 pointers, but those 2 will be good starters for 10.
And as already stated, IR35 is currently being reviewed.
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Originally posted by prpanther View PostI am really afraid of IR35 and other unknown things
IR35 is being reviewed btw.
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Originally posted by realityhack View PostHi prpanther,
Welcome to CUK. You've posted this in General, but I'll move it to business/contracts as it's more likely you'll get constructive advice there.
As far as I know, you can use whatever umbrella co or ltd arrangement you choose. I wouldn't take kindly to any agency forcing me to use a preferred supplier.
RH
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Originally posted by prpanther View PostHello all,
I am new to this forum. I just got my first contract here in the UK. The agency that hired me is a leader in the UK. Since I don't have a limited company here, I am opting for an umbrella company. But my agency is refusing to work with my preferred umbrella companies and instead insisting to choose one from their preferred list.
I spoke to the umbrella companies in their list. They seem to provide PAYE type scheme with a minimal invoicing fee every month. But unfortunately, I am losing a big chunk in tax every month.
Alternatively, I was thinking of choosing an offshore company scheme which gets me better returns. While there are arguments for and against this scheme, this post is not related to this.
I want to know, if it is legal for an agency to force me to use one of their own recommended umbrella?
Thanks.
Care to enlighten us as to which brollie is your chosen one? That may explain why the agency doesn't want to do business with them.
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