Your PSL: Asset or Liability?
Get your recruitment agency Umbrella Reform ready!
From 6 April 2026, reviewing and rationalising your Preferred Supplier List (PSL) will become a crucial task, as agencies may face Joint and Several Liability (JSL) for unpaid Income Tax and National Insurance Contributions (NICs), if their Umbrella partner fails to operate compliantly.
We can help you minimise your agency’s risk!
Preferred Supplier List (PSL)
What you need to know?
- Understanding and Minimising PSL Risk: How new regulations expose your agency and why you must rationalise your list.
- Where PSLs Go Wrong: Understand the pitfalls, such as the assumption of compliance, reactive monitoring, and contractual weaknesses.
- Building a Compliant PSL: A practical toolkit and checklist covering key assessment areas.
- The 3-Step Simplification Framework: Follow the Audit, Assess, and Monitor approach to secure your supply chain.
Preferred Supplier List (PSL)
Why you need to know?
- Avoid Significant Financial Liability: The new Umbrella Tax Reform makes your agency jointly liable for any unpaid PAYE tax and NICs if your Umbrella partner fails to operate compliantly.
- Gain a Structured Compliance Framework: Use the provided guide and comprehensive checklist to conduct robust due diligence on Umbrella providers, step-by-step.
- Identify and Mitigate Risks: Learn to spot “red flags,” address compliance risks, and remove non-compliant Umbrellas from your PSL before the new regulations take effect.
- Simplify and Rationalise Your PSL: Implement the 3-step framework (Audit, Assess, Monitor) to move from a large, unmanaged, high-risk list to a smaller number of trusted, well-audited partners.
- Establish a Clear Audit Trail: Set up systems to document checks, evidence compliance, and protect your agency in the long-term.
Download Your PSL Guide
Navigate the 2026 Umbrella Tax Reforms with confidence
