The tax code depends on your personal financial situation and you can change it by calling HMRC on 0300 200 3300. All you need are your employer details and NI number to make the change
If you have switched jobs, it is mandatory for your previous employer to issue you a P45 and update HMRC regarding the same so the taxes are deducted correctly.
The travel and subsistence policy introduced in 2016 doesn’t allow contractors to claim ad hoc expenditures such as travel, meals, hotels, sundry items like laundry. It is only when the agency reimburses the expense with a confirmation of tax relief, then you can claim. For more details, please refer to our Expense Policy and Procedure.
The payslips will be emailed after your payroll has been processed. Going forward, you can also log in to the online portal and review your payslips. If you have any difficulties accessing the payslips, please contact email@example.com or call 0203 507 1811.
An umbrella company offers a convenient way to trade to contractors because of the presence of an all-encompassing contract that provides continuous employment to a contractor. It is a company that acts as an employer to the contractors who work under a fixed term contract assignment, usually through a recruitment employment agency.
It’s a good option if you're really just in between permanent jobs. It involves a simpler process with no or little paperwork. At Bradleys Payroll Solutions, we enable you to get paid for your contracting work on a PAYE basis. We will assume you are working under Supervision, Direction or Control, you will be paid with no tax relief and we will deduct the tax and National Insurance due against your earnings.
This payroll solution may not be highly tax efficient, but it does offer a “hassle free” way to contract. So contractors who are still testing the water or are into short-term contracts, working on a short term basis for multiple agencies or do not earn sufficient amounts to make setting up a limited company worthwhile, will find it useful.
If you want to know more about our services, please feel free to get in touch with us on our advisors on 0203 507 0022 or write to use on firstname.lastname@example.org
The registration process at Bradleys Payroll Solutions is simple and can be done online or by phone. We will require the following information, preferably via email or post:
Once we have the above documents, we will contact your agency and update them about your contract with us as an Umbrella employee.
It’s your responsibility to ensure that your timesheets are approved and submitted according to the processes mentioned in your Contract of Employment. Please forward copies of all timesheets to email@example.com.
If there is a delay in the submission of copies, then a delay in payments is inevitable. We, at Bradleys Payroll Solutions, keep an accurate record of all the timesheets we receive from the contractors. For more details, give us a call on our number 0203 507 1811 or write to us on firstname.lastname@example.org.
Yes, you have the flexibility to work on multiple contracts simultaneously at no additional cost.
No. All contractors using an umbrella company are deemed to be working within IR35 and hence, the IR35 rules don’t apply. You will be paid via PAYE. You will not receive dividends in any form.