HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
READ MOREHMRC toughens position on use of offshore trusts to avoid tax
HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs.
The decisions in Hyrax Resourcing Limited and Curzon Capital at the First Tier Tribunal (FTT) involved the use of disguised remuneration to avoid payment of income tax and national insurance contributions (NICs) through the use of offshore trusts.
Read more at Accountancy Daily.
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Government urged to simplify small business tax regime
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