Matrix Umbrella, a leading provider of umbrella company services is pleased to announce its recent acquisition of their Professional Passport accredited status. This recognition highlights Matrix's commitment to maintaining the highest standards of compliance in the umbrella company sector and will help the company continue to tackle the issue of non-compliance within the market.
As the UK government intensifies its efforts to combat tax avoidance and fraud in the umbrella company sector Matrix Umbrella remains at the forefront of the fight for integrity in the workforce management industry. The government has acknowledged that up to 275,000 temporary workers were engaged by non-compliant umbrella companies in 2022–2023 contributing to substantial tax losses. To address this, new legislation will transfer responsibility for Pay As You Earn (PAYE) tax and National Insurance deductions from umbrella companies to recruitment agencies or, where no agency is involved, to the end client, starting in April 2026.
Chris Duck, product director at Matrix, commented on the growing importance of compliance: "The government's new measures are a step in the right direction but we believe that mandating accredited status for all umbrella companies would provide a more effective solution. By fostering a culture of compliance through accreditation we can better protect workers from unexpected tax bills and create a more sustainable, trustworthy market."
Duck continued: "At Matrix, we are proud to have achieved Professional Passport accreditation which demonstrates our commitment to operating at the highest standards. This accreditation ensures that we are meeting the rigorous criteria that help protect workers from exploitation and ensures our clients can have confidence in our services. With non-compliant umbrella companies continuing to undermine the integrity of the market, we believe that the focus should be on mandating accreditation to ensure all players operate responsibly."
The Professional Passport accredited status will enable Matrix to further demonstrate its commitment to transparency and compliance, providing reassurance to workers and businesses alike. By joining the select group of umbrella companies that meet these stringent standards Matrix will continue to lead by example, offering a reliable and compliant solution for temporary workers and agencies alike.
As the umbrella company market faces ongoing scrutiny, it will be more important than ever for agencies, end clients and workers to collaborate with trusted, accredited umbrella companies like Matrix to ensure compliance and safeguard the future of the sector.
