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Payme provides a variety of services designed to fit
the specific needs of all contractors and agencies.

Blogs

New HMRC Guidance Thanks to FCSA Action
7th December 2023
New HMRC Guidance Thanks to FCSA Action

Here at Payme we’re very vocal about the need for reform and accountability within the umbrella industry. That’s why we’re proud members of the FCSA which campaigns for a better system. Recently, thanks to consultations with the FCSA, HMRC has released new guidance for recruiters and consultants. Here we look at what that guidance is and how it’s expected to help.

The Chancellor’s Autumn Statement 2023 – Our Response
28th November 2023
The Chancellor’s Autumn Statement 2023 – Our Response

The current Chancellor of the Exchequer, Jeremy Hunt, recently presented his Autumn Statement in which the government’s five focus areas were outlined: reducing debt, cutting tax, backing British business; building domestic and sustainable energy; and delivering world-class education. Here we examine the Statement and look at how it affects contractors, recruiters and end-clients.

 

Is Now the Time for ‘Reform and Accountability’?
26th October 2023
Is Now the Time for ‘Reform and Accountability’?

A recent survey by ContractorCalculator, the UK’s leading website for contractors and freelancers, has revealed shocking levels of non-compliance among some of the UK’s umbrella companies, as well as a system which is failing workers. Here we look at the results of it and the importance of compliance within the supply chain.

What does the survey say?

As well as some disturbing information about how some contractors are being treated (some find themselves being pushed into using an umbrella company against their will, some have had their choices of umbrella companies restricted, and some of them are unaware of their basic legal and employment rights), one of the main complaints was that umbrella companies are not regulated, and need to be so in order to protect people from unscrupulous and illegal behaviour. 

Mitigating Payroll Risks: Proactive Steps for Ensuring Accuracy and Compliance
4th July 2023
Mitigating Payroll Risks: Proactive Steps for Ensuring Accuracy and Compliance

The Freelancer & Contractor Services Association (FCSA) has ‘supported and represented’ the professional employment sector since 2008. It’s the body that publishes accreditation standards for umbrella employers and payroll service providers, and has over 170,000 contractors and 70 member firms on its books. However, recently there have been contraventions to its rigorous payslip standards that have, seemingly, been allowed to slip through the net. Here we look at what’s going on and how you can ensure that your payslip provider is accurate and compliant.

Regulatory Support for Self-Employed and Independent Contractors
4th July 2023
Regulatory Support for Self-Employed and Independent Contractors

The Government’s Check Employment Status for Tax (CEST) tool was introduced in 2017 to ‘help employers (or hirers) and workers to determine how the work being done should be dealt with for tax purposes’. We’ve covered this subject previously here, after several high-profile cases found that the software the Government uses made life difficult for contractors, agencies and employers alike. Here we look at what alternatives should be considered  and if self-employment status should be defined by regulation. 

The HMRC Naughty List
19th May 2023
The HMRC Naughty List

There are currently over 60 umbrella companies on HMRC’s ‘naughty list’: those companies that have been named and shamed as tax avoidance schemes. However, with over 500 umbrella companies operating in the UK at the moment, compliant companies are concerned that this list is just the tip of the iceberg. Here we look at the fact that while the list is a good thing to reference when you’re considering an umbrella company, there’s more to making that choice.https://www.payme.co.uk/blogs/new-hmrc-guidance-thanks-to-fcsa-action/https://www.payme.co.uk/blogs/new-hmrc-guidance-thanks-to-fcsa-action/

Signing Up to an Umbrella – Is It Difficult?
2nd May 2023
Signing Up to an Umbrella – Is It Difficult?

One of the common misconceptions we hear about umbrella companies is that it’s hard to sign up to one. With Payme that’s not the case – we make it as simple as possible. Here we talk you through the steps involved to demonstrate just how easy it is.

Getting started

There are two ways to sign up to Payme’s compliant and flexible range of products, whether that’s our Umbrella or our Construction Industry Scheme. 

First of all you can fill in the payroll services pre-registration form here and a member of our helpful and knowledgeable team will get back to you. 

The second way is simply to call us on 0333 200 0845 and in a matter of minutes we’ll have most of your registration completed. Sometimes your agency will already have given us your details but usually you’ll call us directly. During the phone call we’ll verify your details, talk you through our relationship with your recruitment agency, and how you’ll be paid – this will depend on three things: if you’re using our Umbrella, our CIS or even PAYE, which agency you signed up with, and what role you’ll be performing. As always, we’ll guide you through your choices to help you decide which of our services is best for you.  

Will the Budget Entice the Over 50s Back Into Work?
14th April 2023
Will the Budget Entice the Over 50s Back Into Work?

The UK is experiencing a severe skills shortage, with around 2.5 million more skilled workers needed to enable the economy to succeed. 13.3% of businesses report a shortage of workers, as of November 2022, according to Government figures. The industries feeling the pinch most are accommodation and food services (35.5%), and construction (20.7%), but there are also vacancies for nurses, pharmacists, vets, care workers, engineers, secondary school teachers and graphic designers that simply can’t be filled. This is not only having a devastating effect on employers – according to the Open University employers’ costs have risen by over £6 billion due to the skills shortage – but also on the wider economy – the Learning and Work Institute estimates that the situation will cost the country £120 billion by 2030.

Why More Public Sector Workers Are Turning to Umbrella Companies
30th March 2023
Why More Public Sector Workers Are Turning to Umbrella Companies

It’s estimated that around 5.8 million people in the UK work in the public sector – that’s around 17% of the working population – and many of these people are now turning to umbrella companies as an employer. We look at why, and what advantages this method of working offers them.