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Explore the Most Recent Updates from Parasol: Tax Revisions, IR35 Insights, Partner Benefits, and Valuable Tips and Tricks for Umbrella Working.

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FAQ's

Answers to the most frequently asked questions - all things umbrella, IR35, legislation and more

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Glossary

Tired of hearing jargon words and not knowing what they mean? We put them all in plain, simple language

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Our latest news.

November 22, 2023
Autumn Statement 2023 – Key Points
After scorching temperatures in early June, the wet weather in July and early August definitely made us realise that the umbrella is and always will remain an incredibly useful tool to protect ourselves against the wind and rain.
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November 15, 2023
What can we expect from the Autumn Statement?
After scorching temperatures in early June, the wet weather in July and early August definitely made us realise that the umbrella is and always will remain an incredibly useful tool to protect ourselves against the wind and rain.
Read more
September 18, 2023
Tackling non-compliance in the umbrella market
After scorching temperatures in early June, the wet weather in July and early August definitely made us realise that the umbrella is and always will remain an incredibly useful tool to protect ourselves against the wind and rain.
Read more
June 7, 2023
Caroola Group welcomes the long-awaited government consultation
The government has responded to the call for evidence on the umbrella company market, which closed in February 2022, and issued a new consultation: “Tackling non-compliance in the umbrella company […]
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May 19, 2023
What is IR35 legislation and what does it mean for contractors?
The IR35 legislation is a tax rule that individuals operating via their own limited company, irrespective of industry, need to be aware of. IR35 determines whether or not freelancers and […]
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March 15, 2023
Spring Budget 2023: Key Points
Spring Budget 2023 As the UK continues to weather the ‘cost of living crisis’, the chancellor – Jeremy Hunt – set out the government’s plan to help grow the economy. […]
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March 10, 2023
How much do umbrella companies charge?
Many try working via an umbrella company as their first step in self-employment, as it offers the simplicity of employment combined with the flexibility of independent working. Of course, umbrella […]
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February 23, 2023
Receive £100 every time you refer a friend to Parasol
Our new Refer a Friend programme is simple, straightforward and earns you £100 for each person you recommend us to from your network of friends, colleagues and professional connections. Getting […]
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February 22, 2023
The IR35 CEST tool from HMRC – is it any good?
One of the biggest criticisms of the IR35 legislation is its complexity – put differently, how difficult it can prove to accurately determine if a contractor belongs inside or outside […]
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January 30, 2023
What is a non-compliant umbrella company?
Compliant umbrella companies provide a much-needed service, offering the freedom to work flexibly, knowing that their tax responsibilities are taken care of. However, the umbrella industry is unregulated, meaning it […]
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January 27, 2023
Can you get a mortgage as an umbrella employee?
The benefits of using an umbrella company are well-known. Work this way and you enjoy greater flexibility, increased earning potential and the freedom to choose projects that interest and challenge […]
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October 5, 2022
What does the IR35 reform repeal mean for umbrella employees?
As the newly appointed Chancellor stood up to make his mini-Budget statement on 23rd September, few would have predicted that he was about to announce that IR35 reform is to […]
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