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Tag: Contractors EBT Tax Avoidance

Tax Avoidance by Umbrella Companies
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Tax Avoidance by Umbrella Companies

Understanding the risks of these schemes is essential as your name, assets, credit and personal money could be on the line should the organisation be targeted or subject to a tax investigation by the HMRC.

2019 loan charge
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Taxpayers prepare for 2019 loan charge

According to Economia, the accountancy publication, scheme users will be able to spread their charge payments over five years if their taxable income in the tax year 2018-19 is estimated to be less than £50,000.

Contractors EBT Tax Avoidance
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HMRC hunt for contractors EBT tax avoidance : Accountants Approach

For years the Government and HMRC have tried to curtail the actions and processes of EBTs only to create more complex legislation. In recent years attempts have been made to clarify and simplify procedures for the operation of EBTs culminating in elements of the 2016 Finance Bill.

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