THE GLOVES ARE OFF! Are you a contractor considering setting up a limited company or have a friend who is? Or do you work for a recruitment agency who recommend Limited Company services? Why not refer them to contact us to be entered into our prize draw to win 2 tickets to the Joshua vs Pulev fight on the 28th October at the Principality Stadium Cardiff? ePayMe offer a comprehensive range of Limited Company services in association with the award-winning FreeAgent cloud-based platform, … [Read more...]
Lorry drivers stung over accounting firm ‘tax dodge’
This article is damning to all those agencies and workers using non-compliant providers. Whether it be an umbrella company promising 90% take home pay or and MSC offering the same, it's too good to be true and you are running a huge risk. Compliant providers will apportion the correct PAYE deductions, won't provide ridiculous referral fees to consultants and will act in accordance with HMRC. With Debt Transfer and the new Finance Act, dealing with a compliant payroll provider is … [Read more...]
Newly self-employed? Don’t miss the October 5 deadline!
If you became self-employed in the 2016-7 tax year (ie between 6 April 2016 and 5 April 2017), and you haven’t yet registered as such with HMRC, then you need to do so by this coming Thursday - October 5th or face the risk of penalties. By law you are required to register so HMRC know they have to issue you with notice to complete a self-assessment tax return and send you tax statements when required. You may also need to register separately for VAT if your VAT taxable turnover is more than … [Read more...]
Dan Linfoot and Michael Laverty head to Assen this weekend
Attention switches to Assen in the Netherlands this weekend for the latest instalment of the gripping British Superbike Championship season finale. Two of the three ePayMe-supported BSB riders will be in action: Dan Linfoot and Michael Laverty. Taylor Mackenzie is still recovering from a broken foot and although he's hoping to take part this has not yet been confirmed. Read more at the ASJ Racing website … [Read more...]
Tax-Free Childcare
In March 2016, the Government confirmed their plans for a Tax-Free Childcare scheme to be rolled out gradually from early 2017. Tax-free Childcare will provide working parents and now self-employed workers with another option for tax savings on their childcare direct through the Government. You can sign up for Tax Free Childcare now! This is a great step for working parents as this will help all those employed and now those self-employed. Childcare vouchers will remain in place and you … [Read more...]
HMRC revises IR35 guidance at public gigs
The taxman has clarified who is potentially in scope of his off-payroll rules, due to “feedback” from those trying to understand them since they were introduced in April. In a small but significant update, HM Revenue & Customs said it had added an explanation into its existing guidance, notably under a section entitled “When… [the] rules don’t apply.” Confusingly, the explanation actually relates to when the rules “may apply.” But a HMRC spokesman hinted it was necessary, calling it … [Read more...]
UK banks to check 70m bank accounts in search for illegal immigrants
Banks and building societies are to carry out immigration checks on 70m current accounts from January in the biggest extension of Theresa May’s plans to create a “hostile environment” for illegal immigrants in Britain, the Guardian has learned. The Home Office expects to identify 6,000 visa over-stayers, failed asylum seekers and foreign national offenders facing deportation in the first year of the checks, which are to be carried out quarterly. The accounts of those identified will be … [Read more...]
Are you and your business ready for the Criminal Finances Act 2017?
With so much red tape and other recent changes to IR35 passing your desk, you can be forgiven for taking little notice of this legislation passed by Parliament last April. An introduction date of 30th September means that action may need to be taken to ensure you remain compliant. The Government believes that relevant bodies should be criminally liable where they fail to prevent those who act for, or on their behalf from criminally facilitating tax evasion. Here is a link to the draft … [Read more...]
Calls to outlaw umbrella firms in the NHS (by a union that doesn’t understand how umbrella works)
Yet again, this news proves that organisations that should be educated and look at the best interests of its members, clearly has no grasp of reality. Working through a compliant umbrella company would mean that the worker does not lose eligible earnings, the agency should create an Agency Rate that includes an uplifted amount above PAYE to include such deductions as employers NI, holiday pay, pension contributions and an amount for margin/fee. It is not the umbrella that is a parasite … [Read more...]
Unions plan mass recruitment of precarious workers and nationwide action
Unions are looking to copy the successes of Momentum in recruiting young members. The TUC unanimously passed a motion today to build union membership amongst gig economy workers and union leaders are promising to ‘get a million precarious workers on the streets’ next year. Is this the beginning of a new trade unionism? Recognising the successes of the McDonald’s strike and industrial action by other precarious workers around the country, trade union leaders appear to be gearing up for a … [Read more...]
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