Mini umbrella companies make the headlines again as HMRC lose out on millions of tax - FI

Mini umbrella companies make the headlines again as HMRC lose out on millions of tax

Advice, Mini Umbrella Company, Tax Avoidance, Umbrella CompanyLeave a comment

An investigation into mini umbrella companies conducted by BBC Radio 4’s File on 4 found that over 40,000 workers from the Philippines have been sourced to front UK-based umbrella companies to promote tax avoidance. This article looks into mini umbrella companies and explains how they’ve contributed towards millions of lost tax.

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.