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 MOREWarning on furlough NICs errors
SMEs accidentally overclaiming for National Insurance Contributions (NICs) they do not pay could result in them having to repay thousands of pounds back to HMRC down the line.
The accountancy firm explains that it has seen many small business applications for the coronavirus job retention scheme that includes the cost of their employer’s NICs for furloughed employees. However, for many SMEs that cost is already being covered by the government.
Read more at Accountancy Daily.
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