006: How to identify tax avoidance schemes that pose as compliant “umbrellas”
Today we’re talking to specialist tax advisor, Tom Wallace of WTT Consulting about tax avoidance schemes which specifically target temporary agency workers and contractors. These schemes all operate in a similar way to disguise your remuneration as something else which they allege is not taxable. Often they pose as compliant umbrella firms so it is […]
What is mini-umbrella?
Mini-umbrella is an arrangement where a seemingly compliant umbrella employs it’s workers through lots of small companies (or mini-umbrellas) in order to receive the employment allowance and/or access the flat rate VAT scheme. HMRC view this type of employment intermediary model as an organised crime threat to the UK Exchequer because it abuses two incentive […]