Umbrella companies warned on using expense scheme
HMRC has issued a warning to recruiters, including umbrella companies, against the adoption of a new business model for travel and subsistence.
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.
New-borns to pay more tax to fund ‘baby boomers’ pensions
Low-income households and the elderly have been badly hit by the recession, according to research conducted by the BBC and the Institute for Fiscal Studies.
HMRC amends wording of new tax avoidance regulations
The government has confirmed that deferred bonuses will not fall under its new tough tax avoidance regulations.
Are umbrella companies affected by HMRC staff cuts?
Umbrella company contractors might be unsurprised to hear that the Commons Treasury select committee has been told that HMRC is nearly at breaking point due to recent staffing cuts.
Finance Bill 2011 tackles disguised remuneration
Employee benefit trusts and employment finance retirement benefits schemes are the latest to be targeted in proposed Treasury regulations.
Should umbrella company contractors put their faith in an ISA?
Although the government spending cuts may not have a direct impact on everybody, it’s worth bearing in mind the underlying message that the coalition is trying to get through.
Mirrlees review proposals are not good news for contractors
Umbrella company contractors, freelancers and other self employed workers might not be too happy when they read the recommendations of an influential think-tank regarding Britain’s taxation system.
FSB says micro firms should be exempt from new pension laws
The requirement for all employees to be enrolled automatically into a pension scheme is due to be implemented in 2012, but it seems there are still some aspects of the legislation that are causing concern.
Is a centralised tax system a viable option in the UK?
Employers may be relieved to pass over employee tax calculations to HMRC but experts are not convinced that a centralised tax system will work efficiently in the UK.
HMRC finds £42 billion tax gap
Any contractors currently at work in the UK as either limited companies or sole traders may be interested in a new series of figures recently published by HM Revenue & Customs.
