UK Government Job Retention Scheme – update 2

Following the publication of the Government's Job Retention Scheme we have been working with our Agency clients compiling information as to who is eligible to be paid through this scheme. We hope to communicate this to all our contractors early next week. We are aware however that the guidance is currently unclear as to how [...]

2020-04-02T17:23:42+01:00April 2nd, 2020|

UK Government Job Retention Scheme – update 1

We have today seen more details published by HMRC concerning the Job Retention Scheme. The scheme works by placing eligible contractors on what’s known as ‘Furlough’. This means that whilst on furlough you cannot undertake work for or on behalf of the company, agency or end-client. You will still be allowed to take part in [...]

2020-03-27T16:47:12+00:00March 27th, 2020|

UK Government Job Retention Scheme

Whilst we are aware of the Chancellor's pledge to cover 80% of pay, so far we have received no information as to how this would work in practice other than what has been published on the UK GOV website. As soon as we have any updated information we will publish it here. The TJW Contract [...]

2020-03-24T10:17:17+00:00March 24th, 2020|

Holiday and Sickness Policy update due to Coronavirus/COVID-19

As you may be aware the Government has recently announced special measures to help support workers who are affected by the Coronavirus/COVID-19 outbreak. We would like to reassure our staff that our priority is to make sure that you take special care to protect yourself and those around you. We recommend that you follow the [...]

2020-03-23T13:34:01+00:00March 23rd, 2020|

Loan Schemes – Avoiding the trap!

Despite all the warnings in the national press concerning HMRC actively chasing payment for outstanding tax and National Insurance due against income disguised as loan schemes, there are still a number of schemes that aggressively target professional contractors by touting ‘higher take-home pay.’ These schemes typically operate by paying a small portion of contractors' earnings [...]

2019-05-15T09:16:06+01:00April 16th, 2019|

Why agencies will bear the brunt of operating 2020’s off-payroll rules

There’s been some raised eyebrows of late when I’ve told contractors the truth -- that it’s agencies who will carry the heavier obligations of the off-payroll rules for the private sector, and not clients, writes Natalie Bowers, co-founder of niche recruiters Bowers Partnership. It’s not because I’m privy to the contents of the imminent consultation [...]

2019-02-22T12:32:06+00:00February 22nd, 2019|

Introducing Rewards@TJW

TJW have introduced a reward scheme for all of our contractors, both existing and new. This is a great way to save money on everyday shopping or any special occasion. Rewards@TJW is a platform designed to save time and money. Whether it’s a regular weekly food shop, a gift for someone special or an annual [...]

2018-11-02T15:39:11+00:00November 2nd, 2018|

LITRG launch new factsheet for umbrella company workers

The Low Incomes Tax Reform Group, an educational charity for lower paid workers, has produced in conjunction with PRISM, the not-for-profit employment intermediary body a new fact sheet offering guidance to those working through an umbrella company and provides practical tips to help them avoid any problems with their pay and deductions. The factsheet covers [...]

2017-10-12T15:06:25+01:00October 12th, 2017|

Do you know your obligations under the Criminal Finances Act 2017?

Connor Tracey, Business Consultant at Aspire Business Partnership LLP, blogs on Part 3, section 45 ‘failure to prevent facilitation of UK tax evasion offences’ of the Criminal Finances Act 2017. Background of the Act The Criminal Finances Act 2017 (‘the Act’), not to be confused with the standard annual Finance Act, received Royal assent on [...]

2017-09-14T11:08:28+01:00September 14th, 2017|

Update on Employee Benefit Trusts

HMRC has won in the Supreme Court against Glasgow Rangers and its use of Employee Benefit Trusts (‘EBTs’). Rangers had been using an EBT to channel approximately £50m of payments to employees since 2001. HMRC claim that the amounts received as “loans” is actually subject to tax and forms part of the employee’s income. All [...]

2017-08-04T16:47:49+01:00August 4th, 2017|
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