NumberMill continue to pay Furlough based on full average earnings!


NumberMill continue to pay furlough on all eligible contractors based on full average earnings.

However, you should be aware that Government issued guidance that Public Sector contingent workers can continue to be paid via the Public sector in the usual way. The guidance suggests that an agency can continue to invoice their public sector client, pay the contractor, retain their margin, even if they are unable to work due to Corona.

Full guidance can be found here:


The guidance states

“If Contingent Workers are unable to work due to COVID-19, for example, due to sickness, self-isolation, or the temporary closure of offices, they should be paid at 80% of their pay rate up to a maximum of £2,500 per month. This should be backdated to 1 March 2020 if necessary, and will be available initially for at least 3 months.”

This appears to be very similar to the Coronavirus Job Retention Scheme, except that the usual payment chain is followed rather than workers’ being reclaimed from HMRC at a later date. 

In essence, the public sector client should continue to pay their contingent workers, whether it would be directly, through recruitment businesses or umbrella employers. Arguably the public sector scheme is therefore, far simpler to implement as it is just business as usual in procurement terms, rather than requiring the supply chain to determine whether workers are eligible for furlough. 
 
So our message to all public sector engagers of contingent workers is to urge them to use the public sector scheme and then you as an agency will also be able to recoup your usual margins. We do accept though, Public Sector bodies seem to either be unaware of this, or unwilling to transact it.  
 
Our previous mailshot

Back Office too expensive? Accountants letting you down during the Corona period?

Now might be the time to re-think your approach to how you run your back office and accounts.

If you are utilising an in-house team, the chances are that this is likely to be at least 30% more expensive than outsourcing to NumberMill, not to mention the other benefits;

  • Leave you to focus on your core business

  • Removal of key man dependency

  • Better value for money

  • Access to a more professional and qualified team (All our accountants are ACCA qualified)  
From timesheet through to billing, book-keeping, margin reporting, management accounting and year-end, NumberMIll can support you as little or as much as you like. Weekly, monthly, quarterly and annually. 

Were your current accountants supportive and knowledgeable enough during this Covid period? 

NumberMill have extensive experience now of;

  • Furlough application management (HMRC claims, Variation contracts)

  • CBIL Corona Business Investment Loans – provision of cash flow and forecasts which are required by banks

  • Grant applications

  • VAT deferral
IR35

Although it doesn’t feel too relevant now, maybe now is the time to prepare for
April 2021. NumberMill a offer Flex and Protect solution that allows an easy switch from Limited Companies to Umbrella and vice versa.

Umbrella

Employment you and your contractors can trust. We didn’t let you down and we won’t let you down.
Get in contact wit us using details below for a no obligation discussion about our services:

Call us: 0333 121 2001

FURLOUGH EXTENSION!
Check out our previous mailshot for more information on the recent announcement of furlough extension and what it means!

HMRC to work with FCSA to ensure umbrella compliance!
HMRC have issued their report on contractor tax avoidance schemes and highlighted how they are to work with FCSA to stamp out non compliant umbrellas.

IR35 HAS BEEN DELAYED
Contractors can continue being paid into their Ltd company for one more year!