The Construction Industry Scheme (CIS) was created by the government to reduce tax avoidance and evasion practices in the construction industry. In essence, CIS payroll ensures that money is deducted from payments made to self-employed construction contractors in a very
If you’ve recently set up a limited company and are proudly the director of your own business – congratulations! As a director of your own limited company, you now have a range of responsibilities that need to be fulfilled on
You’ve taken the plunge and have decided to start your own business. Have you gone through the right steps, though? Read our tips to help you make a success of your start-up. One of the questions you’ll have come across,
Time was that an agency worker wouldn’t have the same rights as the people they were working alongside on their assignments. Two people sat side-by-side would have drastically different rights, even if they were performing the same role for the
There were more than 5 million self-employed people in the UK by Q4 2019 according to the Office of National Statistics, – up from 2000’s 3.2 million self-employed workers. But starting up your own business can be as scary as
Many people think that being a temp who works for a recruitment agency is precarious and that you don’t get any benefits. But your rights as an agency or umbrella worker might actually be much better than you thought. We’ve
Being self-employed means that you aren’t entitled to any statutory rights such as the National Minimum Wage, holiday, sick pay etc. With that in mind, why would anyone want to falsely claim that they’re self-employed? Simple; some workers use their self-employed
The Criminal Finances Act was introduced on 30 September 2017, and was designed to bring criminal charges against any corporate organisation which fails to prevent its employees and other associates from facilitating tax evasion. What is tax evasion? Tax avoidance is
To tackle disguised remuneration schemes, the Loan Charge was introduced in the Finance Act 2016, becoming law on 5 April 2019. However, following criticism of the policy and effect of the loan charge on some to whom it was applicable,