Hero for Zero: What are the Government’s plans to reform zero hour contracts?
The Employment Rights Bill was announced by the government on the 10 October 2024. It set out a large number of employment reforms that the new Labour government intends to introduce, including bans for exploitative contracts and notice periods for cancelled shifts, as we explain here. Proposed changes to zero hour contracts The proposed changes form […]
Pay calculator for umbrella workers launched
The UK government has launched a new beta tool aimed at helping umbrella workers and recruitment businesses to estimate gross and net pay and more clearly explain deductions. The launch comes in response to growing concerns over tax compliance and transparency in the umbrella sector, highlighted by the Chancellor and Labour government in its first […]
At-a-glance: Budget 2024
A round-up of the changes announced in the Budget 2024 that affect payroll, pay and tax. Umbrella companies In her Budget 2024 speech, the Chancellor said: “We will clamp down on those umbrella companies who exploit workers, increase the interest rate on unpaid tax debt to ensure that people pay on time, and go after […]
Leading the Way: Magic Umbrella’s Vision for Contractor and Independent Employee Wellness
The Autumn Statement 2023, set to be delivered by Chancellor Jeremy Hunt in November, is poised to change the UK’s labour market significantly. This year, there’s a notable shift in priorities, with a strong focus on enhancing the workforce’s well-being. This shift carries vital implications for our contracting sector, and here at Magic Umbrella, we […]