The absence of independent, robust, defined regulation of umbrella companies, including Mini Umbrella Companies (MUC), has gone on long enough, and so the government’s newest consultation is a hugely significant development, says David McCormack, CEO of HIVE360.
Pressure for the reform and regulation of the umbrella payroll industry and its transparency continues across the outsourced payroll and recruitment sectors.
Mini umbrellas are a major problem for HMRC, but it’s agencies and workers who carry the can
Mini umbrellas are a major problem for HMRC, but it’s agencies and workers who carry the can
Anybody who tuned in to last night’s ‘File on 4’ should realise that this BBC probe into mini umbrella companies will likely be a precursor to HMRC proposing or pushing for potentially new powers so it can publish the names of tax avoidance scheme providers and dodgy tax agents,
writes former tax inspector Carolyn Walsh, managing director of CWC Solutions.
We heard on ‘Britain’s Ghost Companies’ that it was two independent sleuths who gifted the BBC its headline that the last five years have seen some 48,000 fraudulent mini-umbrellas pop up (all with Filipino directors).