Tax Avoidance by Umbrella Companies

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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. […]

TAX INVESTIGATION

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Prior to the introduction of self-assessment tax returns, just 1% of all returns were audited; with the introduction of self-assessment, this number will now be around 10%. It is highly likely that the number will be far higher if the HMRC is given more financial aid. What this means to the taxpayer, including anyone who […]

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