Explainer Videos
Compliance Director James Harris provides straight-forward explanations and guidance on umbrella regulations, helping you keep your agency safe. James has more than 20 years of experience in the umbrella payroll and recruitment industry.
Umbrella Company Reform & Your PSL
From 6th April 2026, your agency will become liable for any unpaid income tax as well as employee & employer National Insurance Contributions if your Umbrella partner fails to operate compliantly.
Having compliant providers on your Preferred Supplier List (PSL) is now more critical than ever.
- A good PSL is more than a list of companies you’re prepared to work with; it’s the assurance regime that protects your agency, clients, and contractors.
- It should include only thoroughly vetted partners who demonstrate proven compliance, reliability, and service excellence. To protect your agency, each supplier should undergo robust due diligence and regular audits.
- Operating with a long list of Umbrella companies creates risk, as the more suppliers, the harder it is to monitor.
- To prepare for the reform, you may need to rationalise your PSL to a smaller number of trusted, well-audited partners.
- A good PSL is more than a list of companies you’re prepared to work with; it’s the assurance regime that protects your agency, clients, and contractors.
- It should include only thoroughly vetted partners who demonstrate proven compliance, reliability, and service excellence. To protect your agency, each supplier should undergo robust due diligence and regular audits.
- Operating with a long list of Umbrella companies creates risk, as the more suppliers, the harder it is to monitor.
- To prepare for the reform, you may need to rationalise your PSL to a smaller number of trusted, well-audited partners.
How To Rationalise Your PSL
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