An umbrella company is a company that acts as an employer to Agency contractors who work under a fixed term contract assignment, usually through a Recruitment Employment Agency in the United Kingdom. Recruitment agencies issue contracts to a limited company as the agency liability would be reduced. It issues invoices to the recruitment agency (or client) and, when payment of the invoice is made, will typically pay the contractor through PAYE with the added benefit of offsetting some of the income through claiming expenses such as Travel, Meals, and Accommodation.
The agency performs the recruitment process on behalf of the client.
Capital Gains Tax Demystified: Everything UK Residents Need to...
Director Self Assessment It is mandatory for a director...
PAYE Registeration & PAY Slip Artifin accountancy offers a...
Service Package Essential Services We essentially provide these Service...
You can talk to us on WhatsApp