Tax Avoidance Schemes

Freelancers left frustrated by latest government inaction over umbrella company tax avoidance protections Freelancers forced to work through umbrella companies were left disappointed today after the government's announcement on tackling…

OPINION HMRC spent 6.5% of its £6.8bn annual budget fighting tax avoidance, according to its 2022/23 expenditure report. For some people, this isn't enough. They feel the tax authority should be spending more of its budget on…

Two employment tribunals have found that two umbrella companies made unlawful deductions from their employees whilst being FCSA-accredited. In a separate case, it has been found that a KC-approved ‘mini umbrella’ has cost taxpayers £50m…

ICAEW's Tax Faculty is proposing safeguards for directors of alleged tax avoidance schemes in response to HMRC’s latest proposals that would allow a criminal offence to be applied where promoters fail to comply with a stop notice and…

This week the government is closing two consultations involving Off-Payroll legislation. Contractor sector experts offer thoughts on what needs to change to put the freelance workforce back on track Two Government consultations…

What could happen to the UK's freelancer economy if recruitment agencies and end clients start getting fined by HMRC if their freelancers/contractors are linked to a tax avoidance scheme? Will freelance job boards, recruitment agencies…

Some wealth planners are expecting radical changes to the UK tax system in the next few years. The Office for National Statistics has published a report, 'Measuring tax gaps', noting that the tax gap amounted to £35bn, or 5.3% in the…

UMBRELLA COMPANY CONTRACTORS ICAEW warns that the current legislative phrasing provides HMRC with “a very wide-ranging power with extremely serious consequences.” The government is giving the nation's tax authority, the HMRC, more…