Why have umbrella companies been on the increase post-IR35?
Umbrellas have been around for many years and originally came into existence as a mechanism for self-employed contractors to be paid via payroll, meaning that their tax and NICs are taken care of. But it’s not just about payroll. Umbrellas generally employ the contractor, meaning that they will receive all statutory rights and benefits of employment, whilst also having the freedom that being a contractor entails. Read more…