Umbrella companies can and do, get caught up in tax avoidance schemes, plots or plans which can have grave consequences for employees, and the organisation. Umbrella companies, by definition, are merely a form of employee management as there is no national standard or definition of umbrella company under Her Majesty’s Revenue and Customs (HMRC) governance. […]

HMRC hunt for contractors EBT tax avoidance : Accountants Approach

by The Accountancy Solutions

In recent years, HMRC has been actively engaged in hunting down and plugging the “loopholes” on many tax avoidance schemes. They are particularly interested in Employee Benefit Trusts (EBTs) because there appear to be trusts, which have either not been set up properly, in accordance with regulations and guidelines, and some that are being used […]

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Tax Avoidance by Umbrella Companies

HMRC hunt for contractors EBT tax avoidance : Accountants Approach