Contractors who have not chosen to invoice through a reputable umbrella company may need to know that the long-awaited tax treaty between the UK and Switzerland should be signed at the end of this month.
Anglo-Swiss tax treaty signing is imminent » Read the full story
HMRC is continuing its quest to catch umbrella company contractors with undeclared earnings in offshore savings accounts and this could spell bad news for hundreds of thousands of British residents.
HMRC increases its efforts to curb international tax evasion » Read the full story
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.
Last December, two British citizens were arrested on suspicion of hiding money in Swiss bank accounts to evade paying UK taxes.
Arrests made in HMRC’s clampdown on offshore bank accounts » Read the full story
Umbrella company contractors and other freelance workers have been warned to be cautious of schemes that claim to be HMRC approved, when really they are referring to the reference number allocated to a scheme.
Overseas tax havens may not be as safe as tax evaders hope » Read the full story
How is the Revenue going to survive the spending cuts? Some advisers have suggested that it might roll out more amnesties in the hope of increasing cost efficiency.
Are we going to see an HMRC tax amnesty for contractors? » Read the full story
A fivefold increase in prosecutions against tax evaders could see HMRC bringing 800 people a year to court. In the year to September 30 2009, the Revenue brought 157 prosecutions against individuals.
Will HMRC clampdown affect umbrella companies? » Read the full story
Last week HMRC sent out letters to some of the taxpayers who had taken up the Offshore Disclosure Facility to ask them for their insights.
HMRC questions offshore account holders » Read the full story
Engineers, IT specialists and other technical professionals who are struggling to find work in the UK may want to consider working in the Asia Pacific region.
IT opportunities abound in APAC » Read the full story
Offshore tax evaders could face penalties of up to 200% after a consultation which was launched in the 2009 Pre-Budget Report.
Tax penalty danger to freelancers and contractors » Read the full story
