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All Umbrella Companies Are Equal
We are a resource site set up to address issues of non-compliance within the umbrella company industry. We have worked with HMRC to ensure that our published guidelines are compliant with current UK tax and employment legislation and any partners who provide advice for the site, sit on a number of HMRC and Treasury consultative committees. This means that we are in a position to help shape future policy for the industry.
AUCAE was originally formed to support compliant umbrella companies, to work with HMRC and the Treasury to create a level playing field for umbrella companies and to provide a valuable resource for both recruiters and contractors. Tax avoidance scheme providers, who label themselves as umbrella companies, are putting contractors and recruiters at risk of financial penalties from HMRC; their marketing targets the unwary and is often slick and seemingly credible.
HMRC are fighting a constant battle against tax avoidance but, conversely, they will not approve a compliant umbrella company so it is left to the industry to self-regulate.
To this end AUCAE have carefully put together a set of "Guidelines" that all compliant umbrella companies should work to in order to satisfy HMRC.