Umbrella Company
An Umbrella Company is a third party company that alleviates the risks associated with IR35 legislation. Such a company acts as a middle man between you the contractor and the company that you are contracting for. Operating under an Umbrella Company allows contractors to receive the benefits associated with being employed like holiday and sick pay, maternity leave and other statutory benefits while retaining the freedom associated with contract work. Typically, an Umbrella Company operates on a weekly fee and can include certain expense allowances that can increase your tax-efficiency
