HMRC says it has been successful in the majority of cases where it has taken legal action The inability of HM Revenue and Customs (HMRC) to properly curb aggressive tax avoidance schemes is costing the UK billions of pounds, a report suggests. The National Audit Office said HMRC was dealing with a backlog of 41,000 cases involving individuals and small companies, with up to £10.2bn at stake. The spending watchdog said tackling avoidance, which is not illegal, was difficult but HMRC must do … [Read more...]
Archives for November 2012
Lawspeed Seminar Highlights Debt Transfer Risks to Agencies
Recruitment agencies were warned of the risks in dealing with TAX avoidance schemes operated by some payroll companies at a hard-hitting London-based seminar on the 14th November 2012. It was highlighted that HMRC are increasingly examining the details of these arrangements in an attempt to recover unpaid National Insurance Contributions & TAX from the Agency, End Client or Contractor. Theresa Mimnagh, an Associate Director at Lawspeed, discussed the potential for debt to be transferred to … [Read more...]