HMRC has shared another press release with the umbrellacompanies.org.uk team about a recent case where a £900,000 penalty was imposed on a tax avoidance scheme promoter. Please keep reading for more information. ——– START OF PRESS RELEASE ——– A tax avoidance promoter whose schemes were used by locum …
HMRC press release: £900,000 penalty for promoter of tax avoidance scheme » Read the full story
An enormous number of illegitimate umbrella companies that operate tax avoidance strategies to lower their tax responsibilities to HMRC are found by HMRC each year, despite their apparent legitimacy. An individual employed by these schemes (even if unaware of any illegal activity) could be subject to severe penalties. We’ve compiled …
Spotting a tax avoidance scheme in 2024 » Read the full story
HMRC has added another new company to its list of tax avoidance schemes – which now consists of over 30 companies. We PAYE Umbrella Limited is the latest to make the list. Keep reading to learn more about We PAYE Umbrella Limited and why HMRC considers them non-compliant. We PAYE …
HMRC adds another payroll provider to its list of tax avoidance schemes » Read the full story
After a legal battle with HM Revenue and Customs (HMRC), a tax avoidance scheme promoter has been handed a fine of over £1 million. Keep reading and find out more about this ground-breaking case, including details of the company that has been punished and how the £1 million fine was …
HMRC hands out £1 million fine to promoter of tax avoidance scheme » Read the full story
As if choosing a compliant umbrella company isn’t difficult enough! There are over 500 umbrellas in the UK, and while most are compliant, some are tax avoidance schemes preying on vulnerable contractors and freelancers. In an article by Contractor UK, a ‘sham’ accreditation body has been identified. If you’re a …
We’ve noticed that many contractors and freelancers are Google searching for ‘umbrella company examples’, and as a result, our team has put a few examples together to help you out. Please keep reading for two umbrella company examples – one example being an experience with a compliant umbrella company and …
There is no hiding from the fact that changes to IR35 (off-payroll) have resulted in more unscrupulous tax avoidance schemes targetting workers who require umbrella payroll (PAYE). It’s disappointing to see. While most umbrellas are UK based and fully compliant with HMRC’s rules and regulations, some are preying on vulnerable …
The demand for umbrella companies is rising due to recent changes to off-payroll working rules (IR35). It’s estimated that hundreds of thousands of temporary workers require the services of an umbrella for their payroll. Our latest article is aimed at both well-established contractors and those who are becoming temporary workers …
The coronavirus pandemic has significantly impacted the world, and especially the UK’s temporary workforce. However, while it may be tempting to choose an umbrella that’s offering inflated pay retention, its crucial contractors, freelancers and agency workers choose a compliant umbrella company for their payroll. Keep reading, and we’ll explain 10 …
10 reasons to choose a compliant umbrella company » Read the full story
We have been made aware of an umbrella company offering contractors dividend payments to increase their pay retention. We’re not here to name names, and we’re not here to scaremonger. However, we are here to educate our readers and help contractors, freelancers, and temporary workers make well-informed decisions regarding their …
If you’re interested in using a contractor umbrella company for your payroll, but aren’t sure how they work, you’ve found the right article! Here are 10 facts about umbrella companies. How many of the following were you already aware of? Firstly, we must make it clear – the following facts …
10 facts about using a contractor umbrella company » Read the full story
Our website is full of useful information to help contractors and freelancers identify the UK’s best umbrella companies. However, we haven’t dedicated an article that explains how to identify the worst umbrella companies. Therefore, we’ve collated 9 points that we think you need to be aware of. Whatever you do …
How to identify the worst umbrella companies in the marketplace » Read the full story
Using an umbrella company is a simple, hassle-free way to get paid as a contractor, and the majority of umbrella companies operate in a compliant fashion. Unfortunately, there are a few unscrupulous tax avoidance schemes that disguise themselves as umbrella companies, and using one of these could land you in …
The warning signs of a tax avoidance scheme » Read the full story
A majority of umbrella companies are compliant, but it only takes one or two non-compliant providers to come to light to give the marketplace a bad name. Well, it’s happened again. And it’s really annoyed us. We’re not going to announce the names of the irresponsible providers that are responsible, …
A report published on the 26th November 2020 by HMRC discusses marketed tax avoidance schemes, and it makes for some fascinating reading. Entitled ‘Use of marketed tax avoidance schemes in the UK’, HMRC cover the size of the UK’s tax avoidance market, promoters of tax avoidance schemes, and what HMRC …
Do you fancy yourself as a bit of a Sherlock Holmes when it comes to identifying a deal? We certainly don’t blame you if you do! When it comes to looking for an umbrella company, we suggest you make a real effort comparing the providers out there. We’ve put a …
The right way to conduct an umbrella company comparison » Read the full story
