COMPLIANCE

Compliance is at the heart of everything that we do. Adherence to law and legislation seeks to protect not only our business, but every one of our contractors throughout their journey with us. We’re very proud to say that our compliance standards are, and always have been unwavering and of optimal quality.

For a number of years we have consistently passed independent audits of our accounts and business practices, and our promise of transparency applies not only our contractor base, but our supply chain also.

To request a copy of our compliance pack for recruitment agencies please contact us: Contractorcare@theoffice-online.com

Main Areas of compliance for Umbrellas

IR35

If you have been contracting regularly for the last few years one can assume that at some point you will have come across the phrase ‘IR35 legislation.‘ IR35 has been the bane of many contractors’ lives for a long, long time and it is certainly the most unpopular piece of legislation ever aimed at one sector of workers. 

The aim of the IR35 legislation is to stop people leaving full time employment and then returning to the same job immediately as a contractor working through their own Limited company, in order to reduce their tax liability and their NI payments.

Find out more here…

Agency Workers Regulations

The Agency Workers Regulations (AWR) were brought in on the 1st October 2011, were applicable to all ‘agency workers’ and were aiming to give them all the exact same work and employment conditions that they would have been given if they had been working directly for the end client (rather than through an agency) doing the same job.

GAAR

GAAR came into effect on the 17th July 2013 and was introduced in order to counteract any ‘tax advantages arising from any tax arrangements that are abusive.’ The legislation is built around the fact that tax arrangements exist (and have always existed and will probably always exist) wherein obtaining a tax advantage is ‘one of the main purposes’ of those arrangements.

Onshore Intermediaries

On 6th April 2014 Onshore Employment Intermediaries legislation (false employment) was introduced as part of the 2014 budget. The aim of this legislation is to make sure that those recruitment agencies who hire self-employed traders who are actually employees (working on behalf of their long-term clients) take responsibility for deducting PAYE income tax and NIC’s from their gross pay.

Offshore Intermediaries

During the 2013 budget, the UK government announced that they would be consulting on making changes to the regulations on Offshore Employment Intermediaries in order to put up more of a deterrent against NIC and PAYE avoidance schemes. HMRC has been investigating various schemes that attempt avoidance using offshore intermediaries and which mostly try to avoid secondary employer Class One NIC’s.

Agency Workers Regulations Guide

What Is AWR? The Agency Workers Regulations (AWR) were created with the aim of protecting temporary agency workers by ensuring that the basic employment and working conditions they experience is equal to that of workers recruited directly by the hirer to do the same job.

The umbrella company, a safety net for recruitment agencies.

There are currently more than 500,000 workers operating through umbrella companies in the UK and the number has been growing every year. As legislation and ever decreasing tax breaks makes PSC’s ever more difficult to work through umbrella companies are fast becoming the default setting for new and old contractors alike. It is easy to see the appeal for contractors as the umbrella is seen not just as offering hassle-free contracting but also a safer and more HMRC friendly way to conduct business.