The Future of Umbrella Compliance: The SafeRec Certification

This is a guest blog by Sebastien, CEO at SafeRec

On the momentous date of 12th June, SafeRec proudly launched the revolutionary SafeRec Certification for Umbrella Companies. This isn't just a new standard—it's a paradigm shift, transforming the landscape of Umbrella compliance for recruitment agencies across the UK.

Pioneering Real-Time Auditing: The Core of SafeRec's Innovation

At the heart of this innovation is SafeRec proprietary technology, able to audit at source in real-time Umbrella Companies, interfacing directly with their payroll software via API, eliminating the risk of alterations and ensuring data integrity. This unique approach enables real-time audits of payslips, examining all statutory deductions such as income tax, pension, national insurance contribution, national minimum wage and a lot more.

But SafeRec goes beyond real-time auditing. Each month, each audited document is cross-referenced with the RTIs sent to HMRC, ensuring complete tax compliance and accuracy.

Transcending Traditional Compliance: How SafeRec Certification Reinforces Recruitment Agencies

So, how does this groundbreaking certification benefit recruitment agencies like yours?

Under the Criminal Finances Act 2017 (and the likely third-party debt transfer mentioned in the most recent government consultation), recruitment agencies bear the responsibility for preventing tax evasion facilitated by their partner Umbrella Companies. The SafeRec Certification provide a real-time, source-based auditing and cross-referencing system, ensuring that you're partnering with compliant and ethical Umbrella Companies.

Furthermore, the certification offers transparency like never before. Agencies receive monthly audit reports for all workers engaged via a SafeRec Certified Umbrella Company at no cost. These reports detail all audits conducted each week, providing a transparent view of the compliance status of your partnered Umbrella Companies, thereby safeguarding your agency's reputation.

Empowering Agencies: A New Era of Compliance Assurance

In essence, the SafeRec Certification for Umbrella Companies is a leap forward in compliance assurance. It empowers your agency with a robust, real-time auditing system that helps maintain compliance, manage liabilities, and promote transparency. With SafeRec, you can focus on what you do best, knowing that your compliance needs are being addressed with unmatched precision and efficacy.