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Professional Passport thinks it is timely to review the relevance of the legislation in light of many changes that have been introduced since its introduction and is calling for the Government to consider whether it is time to ditch it.
Addressing Non-Compliance in the Supply Chain: Improving Today's Workplace.
Significant changes to holiday pay calculations and rules came into effect on April 1st 2024, majorly impacting umbrella company workers across the UK.
Warning for employment agencies using umbrella companies
New guidance for employment businesses who use umbrella companies to employ workers
Guidance for umbrella company workers is intended to help workers understand when they are employed by an umbrella company.
Professional Passport calls for working group to be set up to steer policy on umbrellas
Warning for agency workers and contractors employed by umbrella companies
HMRC Spotlight 59 - Growth Share Schemes
HMRC reviewed a number of contracts for difference and Growth Securities Ownership Plan schemes. HMRC’s firm view is that the schemes do not work.
HMRC's Tax avoidance - 'don’t get caught out' campaign helps contractors who are self-employed or employed through an agency understand their pay arrangements so they don’t get an unexpected tax bill.
HMRC is actively issuing tax avoidance warning letters to workers- so what does this mean?
Employment Agency Standards recently ran a webinar on Key Information Documents and the requirements from an umbrella company perspective.
Addressing the Issues of Non-compliance in the Umbrella and Payment Intermediaries Sector
The Low Incomes Tax Reform Group of The Chartered Institute of Taxation and PRISM have updated the umbrella factsheet.
HMRC’s has issued updated guidance and information on Mini Umbrellas following BBC revelations.
HMRC issues guidance to contractors on umbrella arrangements. This is an important first step but more needs to follow.
Contractors need to be alert to the fact that nowadays it is more about ‘when you get caught’ rather than ‘if you get caught’.
Tax avoidance is when people bend the rules of the tax system to pay less than they owe. It also means that the vital public services we all use like hospitals and schools, don’t get the money they need.
No. 8 The Compliance Files - Understanding your payslip.
No. 7 The Compliance Files - Have I got a good idea for you!
No. 6 The Compliance Files - Disguised Remuneration.
With the new rules coming into effect in April 2021 leading industry experts discuss key steps to consider in preparing.
With market pressures mounting following CJRS, and a drive for new business as we move towards April 2021, some providers are being lured to the dark side.
All umbrella companies should return similar take home pay as they should all follow the same tax rules. Contractors still seem to be chasing the high returns with the false assurances of compliance.
Comparison and broker websites marketing umbrella companies are not always what they seem.
Find out what you should consider before using an umbrella company to make sure it complies with the tax rules.
Employers must ensure their status determinations meet the requirement for reasonable care.
We look at the ongoing issue of tax avoidance being marketed to contractors with the promise of high returns and low risk.
Tax avoidance schemes aimed at contractors and agency workers.
Find out how to identify schemes that wrongly claim to increase your take-home pay if you are a contractor or agency.
Remuneration trust: tax avoidance using loans or fiduciary receipts
Information about a tax avoidance scheme that tries to disguise income and other taxable profits as loans or fiduciary receipts by using a remuneration trust.
Disguised remuneration: schemes claiming to avoid the loan charge
HMRC is aware of schemes and arrangements that claim to avoid the 2019 loan charge on disguised remuneration. It's HMRC's view that these schemes do not work.
Rewarding employees and contractors using contrived loan arrangements (Spotlight 46)
Find out about the General Anti-Abuse Rule (GAAR) Advisory Panel opinions on arrangements that rewarded employees and contractors with contrived loans.
We are still seeing an increase in the number of offshore umbrella providers operating in the market and advise extreme caution to any organisation considering one of these providers.
Umbrella companies offering to increase your take home pay.
Find out what to do if an agency or umbrella company offers to reduce your tax liability and increase your take home pay.
Disguised remuneration: schemes affected by the loan charge
Information about the loan charge on disguised remuneration schemes which came into force on 5 April 2019.
Disguised remuneration: schemes claiming to avoid the new loan charge
HMRC is aware of schemes that claim to avoid the loan charge on disguised remuneration. These schemes don’t work.
Disguised remuneration: a Supreme Court decision
On 5 July 2017 The Supreme Court released their unanimous decision about disguised remuneration tax avoidance schemes used by Rangers Football Club.
Disguised remuneration: re-describing loans
HMRC is aware of schemes that claim to avoid the 2019 loan charge on disguised remuneration. These schemes don’t work.
Disguised remuneration: job board avoidance scheme
HM Revenue and Customs is aware of a scheme that claims to avoid tax by using job boards and loyalty points paid by a third party.
Disguised remuneration: tax avoidance using annuities
Schemes that use annuities to avoid Income Tax and National Insurance contributions don’t work. HMRC will investigate anyone who uses one.
Tax avoidance: an introduction
What tax avoidance is, what can happen to you if you enter into a tax avoidance scheme and how to get help to settle your tax affairs.