Tag: Income Shifting

HMRC Fraud Investigation Service
Our Blog

HMRC Fraud Investigation Service – Code of Practice 8

If you are found to have done nothing wrong, you will be informed that the investigation has been completed and no further action will be taken. You may be susceptible for repeat investigations in subsequent years if further suspicious tax data is received.

Public Bodies IR35 and HMRC
HMRC

Public Bodies, IR35 and HMRC – Critical Summary

Many contractors are concerned that with the public sector already under immense pressure, they will not have the skills or resource to make such a thorough decision and instead, classifying all contractors as employed workers under IR35, is a much easier option.

Employment Benefit Trusts Tax Avoidance Schemes
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Employee Benefit Trust – The Story Behind

The main purpose of an EBT is to reward and incentivise employees, who in turn are keen to see the company fare well, and yield the rewards at a later date. This can include the granting of share options, or cash payments to beneficiaries.

HMRC Approach to Income Shifting
HMRC

HMRC Approach to Income Shifting

The law on income shifting means that if you have a non-working partner or a partner who earns lower than the higher tax rate threshold, which stands at £43,000, you could include your spouse as a shareholder and let them have a share of dividends, which would reduce the tax bill.