Greedy contractors could be fueling tax avoidance schemes
We’re grateful to have some friends within the umbrella company marketplace who are well-positioned to share valuable experiences…
The warning signs of a tax avoidance scheme
Using an umbrella company is a simple, hassle-free way to get paid as a contractor, and the majority…
HMRC issue warning in new corporate report covering marketed tax avoidance schemes – “please be vigilant”
A report published on the 26th November 2020 by HMRC discusses marketed tax avoidance schemes, and it makes…
How to spot a tax avoidance scheme, and why you should never use one
To put it bluntly – tax avoidance schemes are evil. They trick you into thinking paying less tax…
HMRC raids construction contractors for record £122 million
Her Majesty's Revenue & Customs has positively plundered the construction contractor industry this year with a record £122 million in collected extra tax.
Contractor faces jail time for not declaring £2m in earnings
After it was discovered that he neglected to declare nearly £2 million in earnings, one IT contractor now faces jail time for income tax fraud, it was recently revealed.
HMRC prosecutes tax evading IT contractor
IT contractors should be aware that HMRC will track down anybody it believes could be guilty of tax evasion as a Scottish consultant found to his cost recently.
Are umbrella company contractors waiting with bated breath for the Budget?
It’s Budget Day tomorrow; the weeks of speculation will be over and UK taxpayers, including umbrella company contractors, will discover what is in store for them over the next 12 months.
Tax evading contractors could face criminal prosecution
Under new proposals published last week, individuals, including umbrella contractors, who are suspected of committing a tax fraud will no longer be immune from prosecution.
Have any umbrella company contractors hidden money in Switzerland?
Contractors with HSBC bank accounts in Switzerland could be receiving a letter from the taxman in the near future.
IR35 enquiries don’t seem to be bringing in the cash
Umbrella company contractors may be interested to learn that HMRC only yielded slightly over £200,000 last year from their enquiries into the IR35 status of self-employed workers.
Anglo-Swiss tax treaty signing is imminent
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.
