HMRC have published further updates on the proposal to clamp down on tax avoidance schemes.The measure is targeted at the most persistent and determined promoters and enablers of tax avoidance.The proposed legislative changes are designed to clamp down on the supply of tax avoidance arrangements and include:a new power for HMRC to seek freezing orders that would prevent promoters from dissipating or hiding their assets before paying the penalties that are charged as a result of … [Read more...]
HMRC fails to convince Lords on legal justification for Loan Charge
In a widely anticipated follow-up session on the Loan Charge by the Lords Economic Affairs Committee, HMRC failed to convince the Committees members on the legal justification for it’s highly controversial retrospective tax that has resulted in thousands of freelancers being pushed to the brink of bankruptcy. The members also poured scorn on HMRC’s poor record of cracking down on rogue umbrella companies which are, according to the BBC, still promoting schemes.The Committee directed … [Read more...]
Right to work in the UK changes for EEA Citizens
With less than two weeks until the right to work checks change for EU residence whom are continuing to live and work in the UK, the employer’s right to work guidance has now been updated.From 1 July 2021, EEA citizens and their family members require immigration status in the UK. They can no longer rely on an EEA passport or national identity card, which only confirms their nationality, to prove their right to work. They will be required to provide evidence of lawful immigration status in … [Read more...]
EU Settlement Scheme – Deadline Fast Approaching
The EU Settlement Scheme deadline of 30th June 2021 is fast approaching.Please see below details from the Government of who should apply and how and here is the link to the Government website to start your application:Apply to the EU Settlement Scheme (settled and pre-settled status) Skip to contents of guideContents1. Overview 2. Who should apply 3. What you’ll get 4. What you'll need to apply 5. Applying for your children 6. Apply to the EU Settlement Scheme 7. If … [Read more...]
Umbrella Payroll Provider owner receives 11 year ban for involvement in Tax Avoidance Scheme
Magnetic Push limited operated for just 11 months before it went into liquidation revealing a multi-million pound tax avoidance scheme while failing to justify £37 million expenditure. Scott Ian Rooney (40), of Leicester, was appointed sole director of Magnetic Push Limited in February 2017. Trading from a serviced office in Liverpool, the company was formerly known as ‘The Knowledgeshares Limited’ and ‘My PSU Subcontractors Limited.’After 11 months trading as Magnetic Push … [Read more...]
Fire and Rehire: Employers tread carefully
James Tamm believes that following the end of Furlough in September, there may be an expected increase in dismissal and engagement contracts. It seemed to be an optimistic outlook for the labour market when government indicated that 1.3 million fewer workers moved off furlough in March and April alone. The governments’ Plan for Jobs has taken an incremental approach as they prepare the economy to wean from furlough which is expected to end in September this year. In July the … [Read more...]
Powerful new Government body – New Workers’ Watchdog confirmed
The Government confirmed on the 8th June a powerful new workers’ watchdog will be created to protect the rights of UK workers. The watchdog will be responsible for tackling modern slavery, protecting agency workers and enforcing the minimum wage, which are currently managed by 3 different bodies.Business minister Paul Scully quoted "This new workers’ watchdog will help us crack down on any abuses of workers’ rights and take action against companies that turn a blind eye to abuses … [Read more...]
Furlough numbers continue to decline
Government’s Plan for Jobs pay off as figures indicate 1.3 million fewer employees accessing furlough. An optimistic outlook for the labour market indeed. At an all-time low this year, statistics published by GOV.UK on the 3rd June reveal that the number of workers relying on government support fell to 3.4 million. March and April showed 1.3 million employees moving off furlough, with some of the highest falls in the under 18s and 18 – 24 age group. Furthermore, the furlough … [Read more...]
The UK Labour Market Statistics
The Office for National Statistics (ONS) shares the current state of the labour market ending April 2021. To the surprise of many economists who were expecting the unemployment rate to be much higher than the current 4.9% which is 0.9% higher than previous year. This is, to a large extent, due to economic support by Government towards furlough and Covid-19 Relief schemes. Since the start of the pandemic the UK Government has granted £54 billion towards COVID-19 relief schemes to … [Read more...]
If you work from home then you may be eligible to claim HMRC Tax Relief in 2021 / 2022
If you work from home on the instruction of your employer, incurred additional expenses as a result thereof, you may be eligible to claim tax relief from HMRC. In 2020/2021 the HMRC received in excess of 3 million claims for tax relief. According to GOV.UK more than 500k people have claimed and are benefitting from ‘working from home tax relief’ this year already. If an employed worker has been instructed to work from home due to the Covid-19 pandemic and has incurred expenses as a … [Read more...]