Churchill Knight successfully passes annual FCSA compliance review
Both Churchill Knight & Associates Ltd and Churchill Knight Umbrella have successfully passed their annual FCSA compliance review. Having undergone a thorough review from independent professionals, both companies have been able to prove they operate compliantly and in accordance with the FCSA’s strict Codes of Compliance.
Working through an umbrella company guidance released by the government
To help contractors and freelancers who may require the services of an umbrella company, the government has released some official online guidance called 'Working through an umbrella company'. Available on the official government website, the concise information is designed to help temporary workers understand how umbrella companies work and what they should expect to retain as their net salary. We've summarised the legislation below, and we hope you find it helpful.
Five benefits of using an umbrella company
Umbrella companies offer a compliant payroll service (PAYE) for contractors. They are very flexible and can be used at any stage of your contracting career – and for any length of assignment. Continue reading to discover the five key benefits of working via an umbrella company.
Important changes to look out for in the 2021/22 tax year
The 2021/22 tax year began on the 6th of April 2021, and there are a few personal and business tax changes you should be aware of. Our short guide will provide you with an overview of some of the changes you can expect to see this tax year.
Umbrella companies are put under the spotlight in new report by the LITRG
As changes to off-payroll in the private sector get closer, umbrella companies are being discussed more than ever. To help the supply chain of temporary workers understand umbrella companies and how they operate, the Low Incomes Tax Reform Group (LITRG), part of the Chartered Institute of Taxation (CIOT), has released an impressive 149-page technical report on umbrella companies. The report covers everything – from how umbrella companies work – to disguised remuneration schemes. Keep reading, and we’ll summarise the report entitled: Labour Market Intermediaries.
Everything you need to know about the VAT Domestic Reverse Charge for construction services
Effective from the 1st March 2021, you must use the domestic VAT reverse charge for most supplies of building and construction services. Continue reading to discover everything you need to know about the VAT domestic reverse charge.
Registering with an umbrella company in 5 simple steps
If you’re inside IR35, you may explore the option of using an umbrella company for your payroll. Registering with an umbrella company is straightforward, and you can be set up and ready to get paid in under 15 minutes. Continue reading to discover the five simple steps to take to register with an umbrella company.
Budget 2021: What were the Chancellor’s key announcements?
Chancellor Rishi Sunak has unveiled a three-part plan for the economy, including protecting jobs and businesses, rebuilding the economy and recouping public finances. Continue reading to discover the Chancellor's key announcements delivered in the 2021 Budget.
Kaye Adams wins her long-running IR35 case after Tribunal dismisses HMRC’s appeal
The Loose Women host was facing an estimated £124,000 tax bill for contracts held with the BBC between 2015 and 2017, with HMRC arguing that Adams was not a freelancer and should have been operating inside IR35. However, the Upper Tier Tribunal upheld the original decision, made by the First-Tier Tribunal in 2019, which found Adams to be working outside of IR35.
HMRC launches a new online VAT Deferral Payment Scheme
Businesses that deferred VAT payments last year can now join HMRC's new online VAT Deferral Payment Scheme, allowing you to spread the payments over smaller, more manageable monthly instalments.