The Low Income Tax Reform Group is urging taxpayers, including umbrella company contractors, to double check calculations if they receive letters from HMRC.
Umbrella company contractors need to check their tax calculations » Read the full story
Millions of taxpayers, including umbrella company contractors, could be in line for a tax refund after HMRC reconciles its books.
Contractors could be in line for tax rebates » Read the full story
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.
Umbrella companies offered EBT amnesty by HMRC » Read the full story
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.
HMRC presses ahead with real time information scheme » Read the full story
Although the new tax changes have been widely publicised, it appears that a lot of people, including umbrella company contractors, are still unaware of the effect they will have on their personal finances.
New tax rules could be a nasty shock for some » Read the full story
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.
Self-Employed Umbrella Companies » Read the full story
HMRC should not rush its planned computerised PAYE reforms according to leading professional bodies.
Will Real Time Information changes affect umbrella companies? » Read the full story
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.
Are umbrella companies affected by HMRC staff cuts? » Read the full story
Umbrella company contractors and freelancers beware! HMRC may send debt collectors to your door if you owe taxes.
HMRC to use debt collectors to bring in overdue taxes » Read the full story
Despite various blunders by HMRC last year that affected umbrella company contractors, the department still spent nearly £800,000 more on bonus payments to staff than it paid out the previous year.
HMRC staff still receive high bonuses despite blunders » Read the full story
Employee benefit trusts and employment finance retirement benefits schemes are the latest to be targeted in proposed Treasury regulations.
Finance Bill 2011 tackles disguised remuneration » Read the full story
HMRC has launched a consultation asking for opinions on the introduction of real-time information into the PAYE taxation system.
Will real-time PAYE information benefit umbrella company contractors? » Read the full story
Lloyds Banking Group recently announced it was to cut jobs, a move that will affect 1,150 umbrella company and limited company IT contractors in the UK.
Bad news for IT contractors working at Lloyds Banking Group » Read the full story
HMRC have launched a new consultation that could result in major changes on the horizon for PAYE. The PAYE business processes were introduced in 1944 and have not changed in the following 66 years.
HMRC launch PAYE consultation » Read the full story
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.
Is a centralised tax system a viable option in the UK? » Read the full story
The BBC was recently told by HMRC whistleblowers that the Revenue has been instructed not to chase a lot of underpayment cases that are over two years old and which could be open to a legal challenge; a claim that has been strongly denied by an HMRC spokesman.
HMRC says it will continue to chase tax underpayment cases » Read the full story
