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…
On Thursday 26th November 2020, HMRC published a report entitled “Use of marketed tax avoidance schemes in the UK”. The report outlines what the government knows about the current state of the avoidance market, and the steps they are taking to tackle tax avoidance in the UK.
Had everything gone to plan this year, the Chancellor would have been delivering his Autumn Budget speech. Instead, Rishi Sunak declared an economic emergency alongside a slimmed-down spending plan as part of the Spending Review 2020.
HMRC has introduced a workaround for those who need to register for self-employment and obtain a Unique Taxpayer Reference (UTR) but have not been able to get a National Insurance (NI) number.
Year-end accounts are a legal and often daunting requirement for limited company Directors to complete and file, but they don’t need to be! We’ve summarised the basic requirements for year-end accounting, so you know what you need to do to prepare.
