Navigating the October 2024 HMRC Budget Changes: The Shift in Tax Liability for Recruitment Agencies and Umbrella Companies
The October 2024 budget introduced significant regulatory changes impacting recruitment agencies that rely on umbrella companies. One of the most critical updates involves the shifting of tax liability to recruitment agencies, making them responsible for ensuring compliance with PAYE (Pay As You Earn) and National Insurance Contributions (NICs). This change, designed to curb tax avoidance…
View details