Government consultation on umbrella companies fuels regulation hopes

A authorities force to get a improved grip on the the interior workings of the umbrella market has been cautiously welcomed by contracting sector stakeholders, who see the exercising as a favourable phase in the direction of introducing statutory regulation for payroll processing companies.

HM Profits & Customs (HMRC), in collaboration with HM Treasury and the Division for Business, Power and Industrial System (BEIS), has launched a session into how the umbrella enterprise market operates and the purpose these companies participate in within the wider labour market offer chain.

As portion of this process, the authorities departments have launched a joint simply call for proof that operates till February 2022, where by employments agencies, finish shoppers and contractors are becoming inspired to share their insights and experiences of doing work with umbrella companies.

As mentioned in the forty-site simply call for proof session doc, these insights are becoming sought to

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