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Archive for the ‘Latest News’ Category

Beware of dodgy Umbrella Companies

The Mirror recently discovered an Umbrella Company called Mint Commercial which was making huge deductions from a Bricklayers payslip, read more about it here.

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What is an Umbrella Company

Simply put, an Umbrella Company is an entity which acts an intermediary between a sub-contractor and its contractor. The Umbrella Company employs the worker and fulfils all the PAYE requirements. As far as the Contractor is concerned they are simply invoice for every week the worker works … Continue reading

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Thinking of switching from CIS to Umbrella Payroll? Read this.

The government has yet again announced a serious clampdown on false self-employment by the use of employment intermediaries. Legislation coming into force in the next few days will impose further restrictions on self-employment within the construction industry. The government acknowledges that there are companies using intermediaries to hide … Continue reading

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£77m turnover firm Vital Services enters administration

The firm which turned over £77m a year had more than 2,000 workers and engineers, working primarily for Network Rail, rail renewal contractors and London Underground. Deloitte quickly sold the trade and assets of Vital late yesterday to rival workforce supplier Morson Group avoiding widespread disruption across the rail … Continue reading

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ICM Payroll company fined £43m by HMRC

Island Contract Management Limited (ICM), a payroll company based in Isle of Man was handed a £43million tax bill after supposedly helping sub-contractors avoid paying tax for eight years. Under the Construction Industry Scheme (CIS) any construction company employing sub-contractors must register with CIS and pay sub-contractors according … Continue reading

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From October employers will be compelled to contribute towards their worker’s pensions!

This October 2012 not only sees an increase in the Minimum Wage (up 11p to £6.19) but it is also sees the start of of auto-enrolment into workplace pensions. Starting immediately large employers will have to deduct 3% of every workers earning , add an extra 1% … Continue reading

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Sub-contractors furious over pay delays by Daniel Contractors

Daniel Contractors which has a turnover of £160m have angered their workers and subcontractors after continuously failing to pay wages on time. Several staff working for Daniel Contractors have complained to the Construction Enquirer that they have not been paid. It is also understood that Plant hirers have removed  machinery from … Continue reading

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Economy grows but Construction GDP drops

Construction GDP fell 2.5% in the first three months of 2013 although the UK economy as a whole grew 0.3% from the previous quarter. The Construction industry returned to growth in the final quarter of 2012, after shrinking for five consecutive quarters, but the growth was short lived. The latest … Continue reading

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Ontime CIS Payroll welcomes new Help to Buy Scheme 2013

Ontime CIS Payroll welcomes a new scheme the government has introduced to help first time buyers climb onto the property ladder. It will allow buyers to put down only a 5% deposit on their home purchase and the government will provide a further 20% as a shared equity loan … Continue reading

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Government figures show self-employed numbers on the increase

Figures released this week by the Office of National Statistics (ONS) show self-employment has risen by 367,000 in four years, with the sharpest rise happening since 2011. According to the ONS, the number of workers who are self-employed in their main job rose 367,000 between 2008 and … Continue reading

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