Do umbrella company contractors know the changes to Child Tax Credits?
Contractors with young families may be aware that HMRC has overhauled the tax credit scheme.
tax credits
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.
New anti-fraud technology will save HMRC millions
Umbrella company contractors might want to take heed of the news that HMRC has got some new anti-fraud technology that it hopes will save it up to £20 million a year.
Time is running out for umbrella company contractors to renew tax credits
HMRC has issued a reminder to tax credit claimants that they only have until July 31st to renew their claims and it suggests that recipients take action as soon as their renewal pack arrives.
Do you have enough savings to cope with a drop in income?
Umbrella company contractors may be about to witness the biggest drop in household incomes for 30 years, according to the Institute for Fiscal Studies.
HMRC exceeds last year’s tax credit fraud prevention target
George Osborne has told his fellow MPs that HMRC stopped £1 billion of incorrect or fraudulent tax credit payments in the last financial year.
Umbrella company contractors affected by backlog of tax claims?
We all know that HMRC has been instructed to collect as much overdue tax as possible but it might surprise you to know that it also has a significant amount of overpaid tax claims to work through.