New anti-fraud technology will save HMRC millions
Umbrella company contractors might want to take heed of the news that HMRC has got some new anti-fraud technology that it hopes will save it up to £20 million a year.
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Limited Company? Umbrella? Self-Employed Umbrella?
If you are entering into a contract with an agency you will no doubt have been faced with the daunting options of choosing your route – either going PAYE directly with the agency, going limited or using an umbrella company.
Umbrella company contractors need to check their tax calculations
The Low Income Tax Reform Group is urging taxpayers, including umbrella company contractors, to double check calculations if they receive letters from HMRC.
Contractors could be in line for tax rebates
Millions of taxpayers, including umbrella company contractors, could be in line for a tax refund after HMRC reconciles its books.
Time is running out for umbrella company contractors to renew tax credits
HMRC has issued a reminder to tax credit claimants that they only have until July 31st to renew their claims and it suggests that recipients take action as soon as their renewal pack arrives.
Is Big Brother watching over your trading activities?
Umbrella company contractors may want to ensure that they are not living beyond their declared means after HMRC announces it is going to get tough on tax evaders.
Public sector strike action could affect umbrella company contractors
Freelancers, contractors and small business owners may want to make preparations so that they are not affected by public sector strikes.
HMRC persist with revenue generating policies
Umbrella contractors need to be aware that HMRC plans to target more sectors in a bid to recoup unpaid taxes.
HMRC increases its efforts to curb international tax evasion
HMRC is continuing its quest to catch umbrella company contractors with undeclared earnings in offshore savings accounts and this could spell bad news for hundreds of thousands of British residents.
APSCo to be a member of the IR35 Forum
APSCo, a group that represents many of the recruiters that umbrella company contractors work with, has become the latest organisation invited by the Revenue to join the IR35 Forum.
HMRC exceeds last year’s tax credit fraud prevention target
George Osborne has told his fellow MPs that HMRC stopped £1 billion of incorrect or fraudulent tax credit payments in the last financial year.
David Gauke states his commitment to overhauling IR35
HMRC should focus on detecting genuine cases of disguised employment rather than jumping to the conclusion that all freelancers are subject to IR35 rules, according to the REC.
Innocent taxpayers threatened by HMRC debt collectors
Accountants claim that HMRC is adopting threatening behaviour towards innocent tax payers and umbrella company contractors in a bid to gather in more income.
Umbrella companies offered EBT amnesty by HMRC
Umbrella companies that have been using Employee Benefit Trusts have been offered an amnesty by HMRC. This comes just months after the Revenue said it would be closing EBT schemes down.
Plumbers have just one month to disclose tax history to HMRC
Umbrella company contractors may be interested to learn that gas fitters, heating engineers and plumbers will shortly be receiving letters from HMRC informing them of the opportunity to put right their tax affairs.
HMRC presses ahead with real time information scheme
Umbrella company contractors may be interested to learn that HMRC’s Real Time Information system is to go ahead, starting with a pilot scheme next year.