HMRC Umbrella Companies

HMRC Umbrella Company

New to contracting and the umbrella company service? Looking for an HMRC umbrella company? If you are you could be looking for some time - because there's no such thing as an HMRC umbrella company.

If you see an umbrella company advertising its services as ‘approved by HMRC' your alarm bells should start to ring loudly.

One Bad Apple...

Unscrupulous umbrella companies who claim to be HMRC approved causes a lot of anger amongst legitimate umbrella companies.

• HMRC do not, never have, and probably never will approve any individual umbrella company.

• The only thing HMRC approve is the general way in which umbrella companies operate.

• HMRC have no problem with the umbrella company service or the contractors who use them but they do not endorse or support individual named companies.

If you see any umbrella company saying they are an ‘HMRC umbrella company' what you are witnessing is their marketing department playing with words just to get your attention. Do not be taken in by this ploy.

Homework Helps

If you are new to contracting the first thing to do is read this guide for first time contractors.

If you're looking for the best umbrella company and deciding which umbrella company to register with, take a few moments to do some basic research.

Contractor Supermarket has an easy to use directory of umbrella companies which details every single umbrella company and their:

• Prices

• Net take home pay

• Levels of customer service

And once you've read a few of the umbrella company reviews you can register online with your chosen umbrella company directly from the Contractor Supermarket website. Registering with an umbrella company is fast, online and totally free!