Quote:
Originally Posted by Rob Crossland
Agreed - it's a real problem and there are UK fronts to some that then move some of the income offshore for tax treatment. Hard for all concerned other than the scheme owners.
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Double agreed. People that work in the industry have told me that it's anti-competitive to be compliant and I can certainly see how this is true. If a contractor phones up Umbrella A and asks for an indicative take home based on the number of hours worked, he / she will probably be looking in the region of 60 - 65%. If five minutes later they then phone Umbrella B (which is not actually an umbrella and frankly therefore, not compliant) they may well be told that their take home will be in the region of 80 - 85%
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Decision time...
Umbrella A - 60 - 65% Take Home
'Umbrella' B - 80 - 85% Take Home
Now let me think which one they'll choose...
G