Full Payroll Compliance Auditing for Umbrellas

A new service has been launched by PayePass which tracks and verifies the full journey of monies paid to an umbrella or outsourced payroll provider. Growing problem of skimming We have long been aware of scams taking place within the temporary workforce sector which is exacerbated by the lack of visibility over what happens to […]

Umbrella Workers – Check Your HMRC Record!

Important guidance released from HMRC – anyone working through an umbrella should check both their payslip and personal tax account to ensure that HMRC is receiving appropriate tax and NICs. This advice in itself is not new news (we have recommended these steps for years), but it is the first time HMRC has issued such […]

Tax Admin Costs £25bn Annually

Collectively, small businesses are losing £25 billion a year to tax compliance, and this figure does not include the 300 million working hours spent on preparing and filing records.  This is according to a new report by the Federation of Small Businesses, FSB. They say that small firms are each spending an average of £4,100 and […]

Details Of Taxi Drivers’ New Compliance Check From 2022

In a change that will affect thousands of self-employed taxi drivers, new compliance checks are coming into effect from April 2022.  We previously reported on the development when it was announced in July, and now more information has been published by the government.  Anyone that is a taxi-driver or operates private hire vehicle will be […]

Proposed Change To Self-Employed Accounts Should Be Dropped

In line with our position here at IWORK, the Institute of Chartered Accountants in England and Wales (ICAEW) has argued that HMRC’s proposal to change how self-employed people manage and pay their tax should be dropped. The proposal would replace the ‘current year basis’ method for establishing taxable profits / allowable losses with a ‘tax […]

028 New Tax Compliance Check For Taxi Drivers

In July 2021 HMRC announced that taxi drivers must pass a tax compliance test in order to renew their taxi / private hire driver licences.  Of course the new tax compliance check will affect thousands of self-employed taxi and private hire drivers so we wanted to find out more about the likely impact.  To help […]