A payroll umbrella company can offer greater freedom and tax-efficiency to consultants and contractors working in the public sector under IR35.

Although it is still possible to work through a limited company in the public sector, it is now complicated and onerous to do so as a result of the ‘Off Payroll Working’ (IR35) rules that came into force in April 2017. The recommended route is now to work via a payroll umbrella company such as Competex Pro.

The payroll umbrella company model has been in existence for some time, but is becoming a more favoured option by all concerned in light of the new changes, as it is now the most straightforward solution to the problems created by the new legislation.

An umbrella company such as Competex Pro handles the commercial, employment, taxation, and statutory risks associated with the use of freelance workers. Indeed, senior independent professionals will find that they enjoy more freedom and independence from their client working through Competex Pro than they would working through a limited company.