Call For Action Against Recruiters Recommending Disguised Remuneration Schemes
HMRC has recently been consulting on “Tougher Sanctions Against Promoters Of Tax Avoidance” which had two main proposals: firstly new criminal offence for promoters who continue marketing a scheme after a stop notice has been issued; and secondly speeding up disqualification of directors of companies involved in promoting tax avoidance schemes. These are both laudable […]
HMRC Closes Self-Assessment Helpline Just When You Might Need It!
As of yesterday (12 June 2023), HMRC has closed their self-assessment helpline for 3 months, with only digital services available in the meantime to anyone needing help. According to HMRC, this will allow 350 advisors to take urgent calls on other lines and answer customer queries. However, it means that the millions of self-employed people […]
Government Set To Tackle Tax Avoidance In Umbrellas
The government has announced a raft of proposals being considered to tackle tax avoidance in umbrella companies. This follows their November 2021 consultation on the role of umbrella companies in the labour market, amid concerns about unlawful working practices. In its response, published on 6th June 2023, the government proposed: New ways to define umbrella […]
Rising Interest Rate = HMRC Profiteering
HMRC is profiteering from late payers by having different interest rates according to whether a taxpayer owes HMRC money or vice versa. We have previously reported on the discrepancy, and we are not alone in condemning HMRC with the Chartered Institute of Taxation (CIOT) also stating that the situation is unfair. In their budget submission, CIOT are […]
Five Isle of Man Based Businesses Named As Tax Avoidance
HMRC has named five more businesses in it’s list of tax avoidance schemes and promoters. The latest batch are all based in the Isle of Man: Collect Consulting Limited Connections Ltd First Step Consulting Limited Simply Consulting Ltd Total Recruitment Services Ltd As ever, please remember that HMRC’s list is not fully comprehensive, and there […]
HMRC Names Two More Tax Scheme Promoters
HMRC has again updated their list of named tax avoidance schemes and promoters, this time with the addition of Buckingham Wealth Ltd and Minerva Services Ltd. Both of these latest named companies are incorporated in Belize. Buckingham Wealth Ltd and Minerva Services Ltd operate by paying money into an offshore remuneration trust which is then transferred […]
Two More Tax Avoidance Schemes Named By HMRC
HMRC has just added two companies to their list of ‘named tax avoidance schemes’. The two new additions are: Acacia Resourcing Services Limited (company number 12302211) Marquee Ltd (company number 11477273) Please note that there are few companies in the sector with similar names, so always check their company registration number which should be listed […]
HMRC’s Tax Avoidance List Is A Farce!
Regular readers will know that we have been reporting on HMRC’s published list of “named tax avoidance schemes” since it’s inception in April 2022. Although it is not a fully comprehensive list we have always supported it as a step in the right direction to help people who might otherwise be unwittingly caught up in […]
Hive Umbrella Added To HMRC List Of Schemes
HMRC has again updated their list of named tax avoidance schemes and promoters, this time with the addition of Hive Umbrella Limited. This is the second update in the space of one week! The basis of Hive Umbrella’s operation involves temporary/contract/agency workers receiving NMW and “Ad hoc Pay Advances”. This ‘advance’ represents an interest free […]