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.
HMRC’s Fraud Investigation Service and Threat Response Unit have issued the following information on the area of mini umbrella companies.
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.