Industry Insight

HMRC is continuing to clamp down on the use and promotion of tax avoidance models which are still rife in the contracting industry. One of the biggest challenges to the contracting sector has been knowing or identifying which payroll services are compliant with tax legislation.  HMRC...

HMRC is continuing to clamp down on the use and promotion of tax avoidance models which are still rife in the contracting industry. A big reason for the inability to stop these schemes from operating is because such tax avoidance models are still being promoted, and...

This month, HMRC released its latest "named and shamed" list of employers who have been caught paying less than the national minimum wage (NMW). Millions were owed to workers and as such, the Government has urged employees to utilise tools to make sure they're being...

There has been a lot of talk in recent weeks regarding how umbrella companies handle holiday pay, with several coming under the spotlight for misappropriating contractors holiday pay. Many contractors will be engaging with umbrella companies for the first time this tax year due to the...

Now that the IR35 reforms have taken effect what do contractors need to be aware of next? The biggest risk now to the contracting sector is the widespread use of non-compliant tax avoidance models. Many contractors will be eager to secure a net pay that is...

April 2021 is bringing significant changes to the off-payroll working rules (more commonly referred to as IR35) in the private sector. Responsibility for IR35 status determination will switch from contractors to end hirers, with recruitment agencies facing liability for any unpaid tax. It is vital...