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.

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The importance of using a compliant payroll provider as a contractor

Contractor, Limited Company, Loan Schemes, Offshore, Payroll, Tax Avoidance, Umbrella CompanyLeave a comment

As a freelancer or contractor, it is likely you will set up your own limited company or work through a PAYE umbrella company. However, with so many providers of payroll services available, how do you know which one to use? Whatever your decision, make sure the company you use to take care of your payroll is reputable and compliant, or the repercussions could be devastating.