The UK’s umbrella payroll sector doesn’t enjoy the best reputation when it comes to compliance, not helped by the ongoing existence of Mini Umbrella and unethical companies. However, Magic Umbrella offers guaranteed smart, compliant umbrella PAYE Payroll for recruiter’s temporary workforce, proven by its status as an accredited Approved Partner of Professional Passport. We lift the bonnet on exactly why this matters.
It’s essential for recruitment businesses to work with ethical, compliant and transparent payroll providers to protect themselves, as well as their workers. The best way for recruiters to be sure they are working with a payroll provider that meets these essentials is to check they are a recognised partner of the UK’s leading provider of independent compliance, Professional Passport.
The UK’s largest independent assessor of payment intermediary compliance, Professional Passport is described as ‘the trusted stamp of compliance’ and is dedicated to leading the way in compliance by continually reviewing and updating its compliance standards.
Its audited and approved partner providers have been assessed as compliant with MSC legislation, and its agency and end client members are fully protected with the Professional Passport unique £5million debt transfer liability insurance.
To become and continue to be listed as an Approved Partner of Professional Passport, payroll providers must complete and pass a highly rigorous process. Professional Passport only accepts payroll umbrella companies successfully meeting the highly exacting criteria and proven real-time examples must be adhered to. Companies that don’t simply DO NOT qualify.
Accreditation from Professional Passport is not available to buy. The status is awarded on the merits, systems, processes, performance and evidence of a business’ compliance and best practice.
Furthermore, Professional Passport regularly reviews every one of its accredited partners to ensure they are always operating in line with current legislation and best practice.
Because of Professional Passport’s robust auditing and stringent compliance checks, Magic Umbrella’s clients and their workers have peace of mind over and confidence in a compliant PAYE payroll solution.
Independent
Professional Passport is independent of providers, recruitment companies and end clients. It offers cost-effective compliance and risk management solutions, along with unbiased, dependable advice and support to everyone involved in HR, pay and payroll.
Whether a contractor, recruitment agency, industry provider or end-user, Professional Passport offers tangible, long-lasting benefits that reduce risks, provide certainty in an uncertain world, and enable recruiters to maximise efficiencies, whilst minimising costs.
Magic Umbrella is committed to ensuring compliance, transparency, and best practices in everything we do. That’s why we’re proud to be an Approved Partner of Professional Passport. Found out more about us on the Professional Passport website here.
