Orange Genie News

The recruitment industry has been talking about disguised remuneration schemes quite a lot recently. Claims that you could take home 80-90% of your contract rate may seem attractive, but the consequences of getting involed in non-compliant schemes can be very serious.

Recent changes in legislation have made recruiters anxious about disguised remuneration schemes, and many are taking action to ensure compliance throughout their supply chains. 

It’s been clear for some time that Government’s attention is focussed on the recruitment industry and enforcement activity is increasing. We’re seeing more and more agencies taking great care about who they work with as the potential consequences of a non-compliant supply chain get ever more severe and more likely. We believe this can only be a good thing for the recruitment industry in the long term.

On Novermber 22, after months of speculation, particularly surrounding the possible extension of the April's public sector IR35 reforms into the private sector, Chancellor Phillip Hammond delivered his Budget for 2017.

Use the button below to download our indepth commentray on how it affects contractors like you. 

 

Angela Dawson, IT Contracts Director at Concept Resourcing writes about the rewards and risks of life as a contractor.  

 

Up until April 2016, there was a widely held belief that umbrella companies existed to allow the deduction of legitimate expenses in order to increase contractors’ net income.

We would argue that this was never really true, since less than half of our contractor employees ever claimed expenses, but in any case, it was a long time ago. Nineteen months after legislation severely restricted the value of claiming expenses, umbrella employment companies are still here and still thriving.

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