Time is running out to prepare for the Bribery Act
SMEs must beware the Bribery Act, according to a congress that took place in Brighton earlier this month.
Are umbrella contractors prepared for new Bribery Act?
Despite the new Bribery Act coming into force on the first of July, one in seven people who work in large organisations are prepared to offer cash bribes in a bid to secure business. Furthermore, nearly 50% are not aware of an anti-bribery policy in the company.
The coalition’s “monster” will cause problems for employers
Employers could have problems getting to grips with the new overly complex regulations regarding employees’ tax avoidance schemes that have been detailed in the Finance Bill, according to tax advisers.
HMRC clamps down on employee benefit trust schemes
Umbrella company contractors need to be aware that HMRC is going to clamp down hard on employment benefit trust schemes. EBTS’s are now considered by the government to be a form of disguised remuneration.
Would HMRC budget cuts affect umbrella companies?
Cutting HMRC’s budget is not rational, according to the president of the Association of Revenue and Customs.
MPs to get expert guidance to understand tax legislation?
A group of MPs has said that tax professionals should be given the opportunity to scrutinise how policy changes will be implemented during the legislative phase.
Nearly £24bn over 4 years to implement new employment laws
The next four years will see employers paying out an additional £23.87 billion due to new employment laws, according to the British Chambers of Commerce.
SMEs spend weeks trying to understand government regulations
The problem of the multitude of different government regulations is now so bad that businesses often breach them simply because they don’t know which rules apply to them, according to a new report from the National Audit Office.
Countdown to stronger fines make it a good time to find a reputable umbrella company
Contractors might be interested to learn that HMRC is going to impose penalties of up to 200% on individuals found guilty of tax and capital gains evasion.
Some legislation “just isn’t needed”!
Small businesses in the UK are spending too much time complying with red tape and government bureaucracy, according to a new report by the British Chambers of Commerce (BCC).
Wanting the quiet life…
How quickly the months roll around, the first quarter seemed to just disappear with minimal upset for most umbrella companies (there were a couple of exceptions).
