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.
The PCG will be a member of the new IR35 Forum
Contractors who had hoped to see the demise of IR35 may be interested to learn that the PCG is to be part of the new IR35 Forum.
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.
New Enterprise Zones could provide more work for contractors
When he delivered his budget speech last week, the Chancellor announced that 21 enterprise zones were to be created rather than the originally planned 10. Businesses moving into one of these will receive discounts of up to 100% on their rates, superfast broadband and enhanced capital allowances where the zone focuses on manufacturing.
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.
Self-Employed Umbrella Companies
Self-employed umbrellas seem to be the new “in thing” – it’s almost like umbrella companies around the country had a eureka moment all at once and decided to run a “new model” to catch everyone they couldn’t put through the typical PAYE umbrella.
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.
Will Real Time Information changes affect umbrella companies?
HMRC should not rush its planned computerised PAYE reforms according to leading professional bodies.
Do HMRC provide umbrella companies with a poor service?
It will probably come as no surprise to umbrella company contractors to learn that complaints against HMRC have increased dramatically over the last couple of years.
HMRC should rethink its Business Records Check programme
The Institute of Chartered Accountants of Scotland has claimed that HMRC’s proposals to check SME and umbrella company record keeping are flawed.
