Umbrella Payroll Service
Umbrella companies provide contractors with full employment rights, all statutory benefits; ultimately, a contractor is an employee of its chosen umbrella company. You, as the employer, may ask contractors to use an umbrella organisation if the role is deemed inside IR35.
When would this be the best option?
Role’s are determined “inside” but you still need the flexibility of a contractor
When mass determinations are made by organisations
Removes IR35 risks
Full tax and NI taken care of
Limits skills pool as not all contractors are willing to do this
Costs are typically higher that other IR35 solutions
Is the Umbrella company FCSA accredited?