Be aware of fake letters from scammers posing as HMRC, Companies House and other government departments - Churchill Knight - FI

Be aware of fake letters from scammers posing as HMRC, Companies House and other government departments

Advice, Government, HMRC, Limited CompanyLeave a comment

Limited company directors (including contractors and freelancers with a personal service company) are being targeted by scammers posing as HMRC, Companies House and other government departments. Therefore, it’s extremely important that you read all correspondences carefully and do not make any payments or take action unless you are entirely satisfied the letters you have received are legitimate. Keep reading for more information, including an example of a fraudulent letter and links to helpful, official government guidance.

New HMRC corporate report summarises how modern tax avoidance schemes operate - FI

New HMRC corporate report summarises how modern tax avoidance schemes operate

Disguised Remuneration, HMRC, Offshore, Tax, Tax AvoidanceLeave a comment

A new corporate report released by HMRC in 2022 features a frequently updated list of named tax avoidance schemes and how they have been helping temporary workers avoid paying their fair share of income tax and National Insurance Contributions. In this article, we’ve summarised the creative ways unethical tax avoidance schemes operate to help you understand the warning signs of a payroll provider that could land you in serious trouble with HMRC. We have also explained how compliant umbrella companies will operate (PAYE) – to help you pick a provider you can trust.

Churchill Knight Blog - Defra and MoJ rack up a combined £120 million tax bill due to incorrect IR35 assessments - FI

Defra and MoJ rack up a combined £120 million tax bill due to incorrect IR35 assessments

Government, HMRC, IR35, LegislationLeave a comment

Two government departments have recently unveiled they face a combined tax bill of over £120 million due to IR35 status errors. The Department for Environment, Food & Rural Affairs (Defra) and the Ministry of Justice (MoJ) used CEST, the government’s IR35 status tool, to determine the IR35 status of their temporary workforce. Unfortunately, the tool appears to have failed. Keep reading, and we will explain why Defra and the MoJ face such heavy tax bills from the government.

REC urges HMRC to set up a dedicated umbrella company hotline - FI

REC urges HMRC to set up a dedicated umbrella company hotline

HMRC, Umbrella CompanyLeave a comment

In a recent press release, the Recruitment & Employment Confederation (REC) calls upon HMRC to set up a special hotline for workers to report non-compliant and unethical umbrella companies. The dedicated phone line is just one part of REC’s “four-point plan” to protect workers from unscrupulous tax avoidance schemes and non-compliance. Keep reading to find out more.

HMRC Is Warning Of The Potential Dangers Of Engaging With A Tax Avoidance Scheme FI

HMRC is warning of the potential dangers of engaging with mini umbrella companies (MUC)

HMRC, Mini Umbrella Company, Tax Avoidance, Tax EvasionLeave a comment

HMRC has issued a warning to contractors, agencies and end-clients to avoid mini umbrella companies (MUC) due to the serious risks they pose. By engaging with mini umbrella companies, contractors are able to increase their pay retention. However, not only are they non-compliant, they can damage the lives of the people who use them, and damage the reputation of the entire supply chain.