½Û×ÓÊÓƵ

Weekly tax highlights ― 10 March 2025

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance

Weekly tax highlights ― 10 March 2025

Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses
Guidance
imgtext

Direct taxes

Government to legislate umbrella company changes

Umbrella companies are to be defined in legislation, with regulation expected in due course. The Government also intends to address concerns around abuse by shifting responsibility for PAYE.

The Treasury has published the UK Government’s response to the consultation ‘Tackling non-compliance in the umbrella company market’ which ran across summer 2023, noting that ‘timely action in the umbrella company market is imperative to protect the most vulnerable workers’. Key points to note include:

  1. •

    the Government intends to legislate (via amendment to the Employment Rights Bill) to bring umbrella companies within the definition of employment businesses and to be subject to regulation accordingly (with further consultation expected)

  2. •

    where an umbrella company is used in a labour supply chain to engage a worker, the Government is to move responsibility to account for PAYE from the umbrella company that employs the worker to the recruitment agency that supplies the worker to the end client. Where there is no agency involved, responsibility will sit with the end client. These changes

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by
  • 10 Mar 2025 05:42

Popular Articles

Foreign exchange issues

Foreign exchange issuesOverview of foreign exchange provisionsForeign exchange (FX) movements are generally taxed following the rules applicable to the underlying income, expenditure, asset or liability on which they arise, broadly as follows:Capital assetsOn a realisation basis (ie on disposal)

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

Foreign self-employment

Foreign self-employmentTrading in another jurisdiction involves many issues, only some of which involve taxation. Advice should be taken, not only in relation to tax but on the wider business implications. For an overview of the points to consider for certain jurisdictions see Tolley's Global

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

UK VAT invoice requirements

UK VAT invoice requirementsThis guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.If the

14 Jul 2020 13:46 | Produced by Tolley Read more Read more