Umbrella companies

abakan

Just a query.
I’m at the interview stage for a job and the position I’m applying for is under the control of an umbrella company. I think because the job I’m going for is a short-term contract - the recruitment agency has me working for an umbrella company.

Basically what does this mean for me? He mentioned something about getting tax rebates.

Anybody have any ideas. Appreciate it

WhiteWashMan

i suspect it means you will be working *in* one company, but you will be contracted and working for another company.

no idea about the tax rebates. dont see why you would get any, but then again, not enough information.

and i thought this was going to be something interesting with regards to rain etc...

Washout

Its probably the same situation I am in.

I have signed a 10 month contract with one company who have me working for another company. IS the term sub-contracting?

as far as Im aware there is no tax rebates as you say. the company you work for does your pay roll and other HR related activities. so the company you are actually working for doesnt have to deal with those sort of issues for you.

abakan

sorry i dont have much more info, that casue i dont no myself, the recruitment guy siad that i could claim travel expenses, mobile expenses through these companies.

Thats what had me stumped. He was to send me on more infor but hasent as yet.

Eoin

Washout wrote:

I have signed a 10 month contract with one company who have me working for another company. IS the term sub-contracting?

Not really, I think you would use the term sub-contracting if you had a contact with the company, and then contracted that work out to another person / company.

However, if the umbrella company was being paid by the company you are actually working in, then the umbrella company would be sub-contracting.

RicardoSmith

You are paid and taxed as working for the unbrella company. However you are allowed to claim tax back for things like lunch and other expenses. it depends on what you are doing, and how far you have to travel etc.

When you are working as contractor they (agencies) usually insist that you set up a limited company. However, one way around this is to work for an umbrella limited company, there are a few companys that provide this service. Usually you have to pay a month fee for this sevice. It can be 100-300 per month depending on what which one you are with. Its cheaper to set up your own company but theres a significant amount of work in doing that. So if its only a short term contract its easier to work through an umbrella.

Theres some info here. http://www.360-group.com/main/ireland.htm

abakan

Ah that sheds abit more light on things,

Thanks very much

Kazujo

I was with 360 for a while and it worked out ok the only thing is that you are paying the full PRSI contribution as you are sort of considered as self employed and you dont get holidays and sick days as such.

When I was contacting they took a little bit every week and it was put into a fund to cover for holiday and sick days.