Blog Tag Archives: Tax

Raising the red flag – is your agency doctoring the Dotas rules?

“Everyone’s moral compass is different, isn’t it?” – Patrick Griffin, Premier Payco.         Tax might be an unwanted outgoing, but the fact remains, it’s a necessary obligation for most companies. So, when certain businesses (who are as obligated to pay as any other) deliberately employ underhand tactics to avoid paying out, it […]

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The Tax Man is coming… after Offshore Ltd Co’s

HMRC stated a few months back that they “will introduce a new strict liability criminal offence that could mean jail for those who do not declare taxable offshore income’’ since when many freelance contractors and consultants have been keeping a keen eye on what’s coming. We’ve now learned that HMRC are already in consultation over […]

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Contractor Travel and Subsistence Expenses – Tax Review

Following the Office of Tax Simplification’s (OTS) ‘Review of employee benefits and expenses: second report’, the government has just launched the first part of their review, which runs from July – Oct ’14, to better understand the commercial realities of travel and subsistence payments to our current workforce, taking particular account of the increased number […]

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HMRC crackdown could affect Contractors using Offshore Limited and Umbrella Companies

HM Revenue and Customs is now mid-way through their consultation on ‘Offshore Employment Intermediaries’ which may dramatically impact those freelance technology and engineering contractors that currently use offshore arrangements to reduce their tax liabilities. “The existing legislation has been exploited, particularly in certain sectors, allowing companies who are willing to set up offshore arrangements to […]

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Kerching! A celebrity guide to tax dodging

A topic that remains at the forefront of most contractors minds is tax avoidance, otherwise known as ‘Carr Tax’ thanks to celebrities like Jimmy Carr playing hide and seek with the tax man. And with tax avoidance costing the Treasury nearly £25bn a year, something has to be done.

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New IR35 Guidance Advice

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  A little while ago, we talked about the HMRC devising a simple ‘business tax test’  for Contractors to better understand (or clarify) their correct tax status. Since their announcement, several websites have produced results based on the test to help you better ‘score’ your own limited company. We have found the most comprehensive and easy […]

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HMRC Tax Test

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HMRC announced recently that they have devised a ‘simple business test’ for Contractors to better understand (or clarify) their correct tax status, fortifying their IR35 rules to prevent ‘disguised employment’. The news has been met with considerable doubt from many Accountants, Recruiters and Lawyers who doubt the effectiveness of such a test, believing it is […]

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HMRC Wins The Right to Collect Retrospective Taxes From Contractors Using Off-Shore Schemes

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Having just won a high court ruling the HMRC is now free to introduce anti-avoidance measures to apply tax retrospectively to many thousands of contractors lured into using tax-saving offshore schemes.  Such schemes become increasingly popular since the MSC (Managed Service Companies) legislation was introduced in 2007, which made it much harder for contractors to […]

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Are You Due A Tax Rebate?

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With tax returns at the forefront of most contractor’s minds currently, we thought it prudent to bring to your attention the recent advice from Institute of Chartered Accountants, that all taxpayers should be vigilant in checking their tax codes and the amount demanded by HMRC.

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