Loan Schemes – Avoiding the trap!
Despite all the warnings in the national press concerning HMRC actively chasing payment for outstanding tax and National Insurance due against income disguised as loan schemes, there are still a number of schemes that aggressively [...]
Why agencies will bear the brunt of operating 2020’s off-payroll rules
There’s been some raised eyebrows of late when I’ve told contractors the truth -- that it’s agencies who will carry the heavier obligations of the off-payroll rules for the private sector, and not clients, writes [...]
Introducing Rewards@TJW
TJW have introduced a reward scheme for all of our contractors, both existing and new. This is a great way to save money on everyday shopping or any special occasion. Rewards@TJW is a platform designed [...]
LITRG launch new factsheet for umbrella company workers
The Low Incomes Tax Reform Group, an educational charity for lower paid workers, has produced in conjunction with PRISM, the not-for-profit employment intermediary body a new fact sheet offering guidance to those working through an [...]
Do you know your obligations under the Criminal Finances Act 2017?
Connor Tracey, Business Consultant at Aspire Business Partnership LLP, blogs on Part 3, section 45 ‘failure to prevent facilitation of UK tax evasion offences’ of the Criminal Finances Act 2017. Background of the Act The [...]
Update on Employee Benefit Trusts
HMRC has won in the Supreme Court against Glasgow Rangers and its use of Employee Benefit Trusts (‘EBTs’). Rangers had been using an EBT to channel approximately £50m of payments to employees since 2001. HMRC [...]