HMRC finalises new IR35 regime for contractors
Umbrella contractors may be interested to learn that the Revenue is getting near to finalising the new regime for IR35.
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Complaints against HMRC are on the rise
Recent Government figures show that an increasing number of people are complaining about the time it takes for HMRC to respond to queries.
Are Government contractors exempt from IR35?
No sooner has the furore surrounding Mr Lester died down, it now transpires that the Department of Health has been paying 25 senior members of staff through limited companies. In fact more than £4 million has been paid out in this way.
Umbrella company contractors need not fear new GAAR
Some umbrella company contractors have been getting anxious in case HMRC uses the newly proposed GAAR to hound them.
HMRC to take pity on contractors affected by strike action
In case any umbrella company contractors have forgotten to file their income tax self-assessment form for the year ending April 2011, the deadline is tomorrow, January 31st!
HMRC postpones January meeting of IR35 Forum
A lot of contractors were probably waiting with bated breath to hear the latest news from the IR35 Forum. However, they were in for a disappointment when HMRC postponed the meeting scheduled for the 18th of January, saying there was more work to be done.
Tax evading contractors could face criminal prosecution
Under new proposals published last week, individuals, including umbrella contractors, who are suspected of committing a tax fraud will no longer be immune from prosecution.
Should all umbrella companies now use faster payments?
Umbrella company contractors might like top know that the UK’s telephone and internet banking systems have been upgraded to allow same day payments.
Are umbrella companies preparing for Real Time Information?
Umbrella companies should start thinking about the changes they will need to make to their payroll software so that they can implement HMRC’s Real Time Information system.
IR35 case delivers first ever split verdict
Umbrella company contractors will no doubt be interested to learn that an unprecedented verdict was recently passed down in an IR35 case.
How much can contractors put in their pension fund this year?
Contractors are no doubt aware that the government recently changed the rules on the amount of money people can put aside in a pension scheme and still benefit from tax relief. It used to be £225,000, but earlier this year chancellor Osborne reduced that to a mere £50,000 per year.
HMRC signs deal with Experian to catch tax credit fraudsters
Umbrella company contractors who receive tax credits or other financial assistance may be interested to learn that HMRC recently signed a deal with Experian to help it catch people who fraudulently claim tax credits and other benefits.
HMRC has a rethink on IR35
Umbrella company contractors might be interested to learn that HMRC is considering changing the way it thinks about IR35.
Have any umbrella company contractors hidden money in Switzerland?
Contractors with HSBC bank accounts in Switzerland could be receiving a letter from the taxman in the near future.
Should umbrella companies be concerned about income tax/NI merger?
Umbrella company contractors may be interested to learn that a firm of chartered accountants has expressed concerns about the plan to merge income tax and national insurance.
2,000 people complain about threatening letters from HMRC
Since 2009, HMRC has sent out approximately 17 million letters to taxpayers, including umbrella company contractors. Now it has emerged that around 2,000 people have complained about the threatening tone of HMRC’s debt recovery letters.