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Contractors contacted by HMRC told not to bury their heads in the sand

Due to recently discovered errors, HMRC has sent out its first round of approximately 45,000 letters to taxpayers, potentially including umbrella company contractors, informing them that their taxes were wrong. The total number of letters sent out should top 6 million by the end of this year.

Contractors contacted by HMRC told not to bury their heads in the sand » Read the full story

HMRC coding errors led to a 148% increase in overpayments

The fiasco surrounding HMRC’s attempt to introduce a new system to cope with PAYE codes earlier this year continues with news that PAYE processing errors resulted in a 15.7% increase in underpayments and a 148% increase in overpayments.

HMRC coding errors led to a 148% increase in overpayments » Read the full story

Umbrella company contractors affected by backlog of tax claims?

We all know that HMRC has been instructed to collect as much overdue tax as possible but it might surprise you to know that it also has a significant amount of overpaid tax claims to work through.

Umbrella company contractors affected by backlog of tax claims? » Read the full story

Forget about tax evasion, honesty must be the best policy

HMRC is set to increase its investigations into tax avoidance and contractors not operating via an umbrella company may wish to get advice from a specialist accountant to ensure that all their tax matters are in order.

Forget about tax evasion, honesty must be the best policy » Read the full story

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