Umbrella Companies
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Forum: Umbrella Companies

All about umbrella companies.

  1. Sticky Thread Sticky: Should I trade as a Limited Company, umbrella or composite

    Hi everyone, Can't help but notice that there are many posts on here that ask the same question - should I use an umbrella or my own Ltd Company. Thought it might be useful to summarise once and for all the pros and cons of each method and how much you would be likely to take home. Might save...

    Started by simondolan, 10th May 2006 11:10
    18 Pages
    1 2 3 ... 18
    • Replies: 177
    • Views: 172,977
    Today 15:54 Go to last post
  2. Sticky Thread Sticky: READ ME before choosing your umbrella

    Read this first before picking up the phone. Guidance (on) Providers of Tax Avoidance Schemes (POTAS) And read this as well 10 things you need to know about tax avoidance Be aware that by using a legitimate umbrella that will pay the expected amount of tax and NI, you will receive...

    Started by cojak, 7th July 2017 08:57
    2 Pages
    1 2
    • Replies: 13
    • Views: 3,687
    20th November 2017 09:59 Go to last post
  3. Sticky Thread Sticky: Is there an umbrella company where you can choose your pension and other benefits?

    Public sector contract - considering a brolly but would like to choose what's included. Any suggestions?

    Started by GDL, 26th January 2017 13:00
    2 Pages
    1 2
    • Replies: 18
    • Views: 6,083
    29th September 2017 12:25 Go to last post
  4. Sticky Thread Sticky: Why am I paying Employers NI?

    OK so I get asked this question over and over and it appears that some companies still cease to explain things properly to contractors leaving them disgruntled when they see their first payslip, so let me explain the situation in simple terms for any newbies... So what you need to be aware of is...

    Started by lucycontractorumbrella, 9th August 2017 15:21
    • Replies: 7
    • Views: 2,072
    13th September 2017 15:33 Go to last post
  5. Sticky Thread Sticky: Umbrella calculations and why they differ!

    In recent months we have seen more and more enquiries from contractors looking to work via an umbrella company, and querying why we cannot offer them a higher take home :tired so I thought I would put this small guide together to help you understand what might be going on So first of all...

    Started by lucycontractorumbrella, 31st January 2017 14:23
    2 Pages
    1 2
    • Replies: 11
    • Views: 12,776
    2nd February 2017 11:29 Go to last post
  6. Sticky Thread Sticky: Don't be fooled by imposter umbrella companies

    I've decided to repost this following a couple of sad posts regarding HMRC Enquiries on umbrellas that were not what they seemed. As the latest umbrella company (Compusource) hits the buffers with contractor's money, I thought I'd remind people what 'due diligence' is all about. It's all...

    Started by cojak, 12th April 2014 14:20
    • Replies: 2
    • Views: 4,416
    12th December 2016 21:51 Go to last post
  7. Sticky Thread Sticky: Everything you ever wanted to know about umbrella companies but were afraid to ask...

    There have been so many questions by new contractors about umbrella companies and the way that they work that I thought I would put together a help guide. Hopefully it will answer most of the questions that crop up: All umbrella companies will process your payments through PAYE (Pay As You Earn)...

    Started by LisaContractorUmbrella, 23rd October 2006 13:58
    9 Pages
    1 2 3 ... 9
    • Replies: 80
    • Views: 82,844
    30th April 2016 14:33 Go to last post
  8. Sticky Thread Sticky: Umbrella companies 'expenses policy' changed

    We have had a great deal of enquiries lately about umbrella companies 'expenses policies' changing so I thought I would offer a little clarification. Umbrella companies do not really have an 'expenses policy' as they can only process those expenses that will be allowed under HMR&C guidelines,...

    Started by LisaContractorUmbrella, 8th August 2012 12:26
    2 Pages
    1 2
    • Replies: 10
    • Views: 13,290
    16th August 2012 07:02 Go to last post
  9. Sticky Thread Sticky: Dispensations

    Hi Everyone, We are asked about umbrella company dispensations almost every day so I thought I would add something here to try and help clarify the situation. All umbrella companies have dispensations - if we didn't we would spend all our time filling in forms for the Inland Revenue :( ...

    Started by LisaContractorUmbrella, 29th November 2006 16:56
    5 Pages
    1 2 3 ... 5
    • Replies: 47
    • Views: 61,530
    14th June 2012 07:58 Go to last post
  1. Kingston Brown

    Had a couple of spam emails from these guys recently. The usual twaddle about 90% retention, fully compliant etc. They also claim Which is a little odd since the actual trading company is Umbrella 2 Ltd, which only came into existence in March this year and which had as one of it's...

    Started by DaveB, 16th July 2015 15:38
    3 Pages
    1 2 3
    • Replies: 20
    • Views: 2,744
    23rd July 2015 12:38 Go to last post
  2. Is Umbrella Company Right For Me?

    Hi, I've been working for RBS for the past 6 months as an IT Contractor. The agency i work for is Hays Recruitment. They also pay me direct. My contract renewal is coming up and have been told to switch over to an umbrella company by quite a few of my colleagues but i just wanted to know if...

    Started by Masetw123, 13th November 2012 16:25
    3 Pages
    1 2 3
    • Replies: 21
    • Views: 4,549
    22nd July 2015 14:06 Go to last post
  3. Tax & Advanced pay between assignments

    Hi I am new to this forum as I am totally confused by my parasol payslip. I have been working for them for 14 months and despite sending several emails of which all I get back is cut and copied texts from their documents, I never really get full explanations so have just left as is i.e. why is my...

    Started by Thompsk, 30th June 2015 09:49
    2 Pages
    1 2
    • Replies: 14
    • Views: 2,328
    13th July 2015 19:56 Go to last post
  4. Discretionary profit sharing bonus

    Just started contracting. On my first payslip the tax and employee NI looks really low. Looks like they've only taxed me on min wage and the rest is discretionary profit sharing bonus. Is this normal for umbrella companies?

    Started by Albert12, 26th June 2015 19:33
    • Replies: 2
    • Views: 2,129
    29th June 2015 06:36 Go to last post
  5. Tax Reducing Expenses

    Hi, I started my first contract role last month and travelling by train to my temporary workplace 3 days a week and working from home the other two. I started at the end of May so only worked 4 days in total that month. I received my payslip for this having submitted my receipts for my rail...

    Started by adama1ex, 28th June 2015 16:22
    • Replies: 6
    • Views: 1,137
    28th June 2015 19:21 Go to last post
  6. New to Umberlla and some questions.

    Hello all, I used to work about one day a week for an agency and they made me sign up to orangegenie to get paid. My main job closed down in March and this has left me no choice but to increase my hours at the agency. When I contact orangegenie they always seem to confuse me about what...

    Started by suezy, 21st April 2015 20:36
    3 Pages
    1 2 3
    • Replies: 22
    • Views: 3,676
    18th June 2015 06:35 Go to last post
  7. Clarifications about tax relief, expenses Umbrella company facts.

    Hi, I'm new to Umbrella Companies and contracting in general, but I've read almost all of the information you guys have on Umbrella companies as well as many other sites and I have a couple of question/clarifications. I'm attempting to choose a company from my agency's approved list, and a lot...

    Started by Moriarti, 3rd June 2015 14:59
    • Replies: 1
    • Views: 1,067
    4th June 2015 06:52 Go to last post
  8. DOTAS and Umbrella companies stating schemes not DOTAS

    Hi I have yet another question regarding these 85% tax schemes as the take home with no hassle is at times too appealing. The scheme i have been referred to states: - its outside of scope of tax avoidance so not DOTAS - outside of GAAR - doisclosed strategy so cant be penalised So the...

    Started by smeg35, 15th May 2015 11:22
    3 Pages
    1 2 3
    • Replies: 23
    • Views: 3,666
    18th May 2015 12:03 Go to last post
  9. Umbrella company for UK contractor with USA client

    Is anyone contracting for a US client using an umbrella ? Most of the threads I've searched are UK or EU clients: not sure if any UK umbrellas will work with US clients. Thanks for any recommendations

    Started by sdt99, 11th May 2015 13:01
    • Replies: 2
    • Views: 1,168
    14th May 2015 15:20 Go to last post
  10. Umbrella deadline for payment

    HI I've been using an umbrella for several years. In the past they have had a deadline of 23rd of the month to receive funds from the client so that i get paid at the end of the month. Now they are changing this to the 6th of each month. So that in order to be paid i will need my client to...

    Started by dicky1980, 29th April 2015 12:02
    • Replies: 8
    • Views: 1,016
    30th April 2015 13:46 Go to last post
  11. Being underpaid by Umbrella Company

    Hi all, I've had this problem with my Umbrella (GIANT) for quite some time now and I've only noticed today the extent of the problem. My rate is 14 P/H 37.5 hours per week. I've been taking home average of 320 per week after expenses paid and all deductions taken. I've spoke with a...

    Started by AshleyHerbert, 24th April 2015 16:04
    • Replies: 2
    • Views: 1,320
    30th April 2015 10:54 Go to last post
  12. Approved List

    Hi all I'm new to the forum and after some advise. I have just started a new contract and the agency are telling me that I can only use one of there umbrella companies from their approved list. Unfortunately my usual umbrella company is not on their list, my question is this. Do I have...

    Started by Nelix, 14th April 2015 21:15
    • Replies: 3
    • Views: 1,261
    15th April 2015 09:25 Go to last post
  13. Fake questions

    Can I set up a sockie and say "This 'ere contracting malarkey seems like a right good idea. I came across "Dodd Gee (IoM) Shedloadsamoolah" umbrella company and they say I don't have to pay any tax at all. Do you think it's a good idea? I feel like a right plonker not being a contractor, paying all...

    Started by flamel, 13th April 2015 22:15
    • Replies: 1
    • Views: 979
    14th April 2015 05:08 Go to last post
  14. Parasol Enormous deductions

    Hi guys, When i got my payslip from Parasol i was absolutely shocked! Im new to umbrella company and always used to operate as LTD. This is temporary job, so i thought i use umbrella company. Could you please tell me if these deductions sound right to you: Total=486.75 Parasol Margin(for 3...

    Started by gitanak, 29th November 2014 17:12
    • Replies: 7
    • Views: 3,519
    13th April 2015 08:51 Go to last post
  15. Experience with

    This will be my first time contracting in the UK and came across Contractor Angels. Has anyone heard of it or any reviews?

    Started by eclairey612, 22nd March 2015 13:19
    • Replies: 5
    • Views: 1,526
    22nd March 2015 15:45 Go to last post
  16. Brolly question - Have I been done?

    I am currently contracting under an umbrella company, things have gone fine so far. However, last week they paid me (as usual) on the Thursday. Then again, the same amount the following day. Thanks a lot, but I smelt a fish so called them to let them know. They'd had some system glitch...

    Started by Ramrod, 20th March 2015 10:30
    2 Pages
    1 2
    • Replies: 10
    • Views: 1,895
    20th March 2015 19:37 Go to last post
  17. Umbrellas and VAT

    Hi, I'm just starting to look into contracting, having been offered a 6-month contract, working in UK, for the German office of a US company (no UK site). As I understand it, if I was a Ltd, I would not need to charge VAT, (or be registered, even if value of contract is over limit?), as it's a B2B...

    Started by Iainfk, 16th March 2015 16:49
    • Replies: 4
    • Views: 1,274
    17th March 2015 07:40 Go to last post
  18. Umbrella Company "Agreed Deduction"

    Hey everyone New to this forum, new to contracting too - so hopefully I can come here for advice when I need it and give advice out as I learn myself. I got my first contract in September. It has been extended twice now and currently I'm working until May. As it was my first contract, and...

    Started by Nitro, 13th March 2015 14:41
    • Replies: 3
    • Views: 1,692
    16th March 2015 07:54 Go to last post
  19. Umbrella Company Error could someone please advise

    Hi all This is my first post on this forum, so apologies if it's in the wrong place. I'm a contractor which means I work through various employment agencies for different companies. I use an umbrella company for doing my tax/NI and to claim back business expenses (mileage and subsistence)....

    Started by sean mann, 18th February 2015 11:52
    • Replies: 2
    • Views: 1,157
    6th March 2015 12:26 Go to last post
  20. Good Umbrella Company

    Sorry I did search im sure this has been asked a million times not that I found it but can someone recommend a good umbrella company for me to use? One company said this 'Register with us today and we will reduce our standard administration overhead (27.50 per week worked) by over 50% to...

    Started by slinkydonkey, 25th February 2015 17:01
    • Replies: 5
    • Views: 1,466
    26th February 2015 09:06 Go to last post

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