The government unveiled the first change to IR35 since it took effect over a decade ago in the shape of a single clause designed to strengthen the legislation - by extending it to limited company contractors who are ‘office holders’ of their clients. Without the clause, the Treasury said a worker using a personal service company who, if engaged directly, would be considered as an office holder of the end-user if it weren’t for the intermediary (-the PSC), would fall outside IR35. As a result, … [Read more...]
Tax avoidance schemes ‘costs UK billions in lost revenue’
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...]
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...]
Countdown to Movember…..
Have you joined a team yet? It's not too late......... http://uk.movember.com/team/598545 … [Read more...]
ePayMe Online Help is Offline
Due to Hurricaine Sandy our Online help service is temporarily unavailable as the service is hosted via a New York data centre. If you need to speak with us please call on 0800 622 6119 or from a mobile 01252 863700 or email us info@epayme.co.uk Our thoughts are with all the residents of New York and surrounding areas. … [Read more...]
ePayMe Is Back Online
Our Online chat facility is now working again. … [Read more...]
we’ve gone and rebranded ourselves!
ok, ok, it was on the cards, we admit it. As one of the UK's fastest growing payroll RPO providers it was time we moved the logo away from something that represented more of a Umbrella feel, to a professional yet simplified branding. After all, less than 5% of our 2,000 contract workers paid each week are actually on a Umbrella style solution. All the rest are on a standard PAY+ scheme which pays a comparable net pay to PAYE whilst ensuring all our workers are compliant against NMW or Travel … [Read more...]
UK economy emerges from recession
I was really pleased to hear that this afternoon the UK economy has emerged from recession, I thought I would share with you this article I read on the BBC News website: The UK economy has come out of recession, after figures showed it had grown by a weaker-than-expected 0.1% in the last three months of 2009. The economy had previously contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955. There have been recent recovery signs - last … [Read more...]
A response from the FCSA and REC following Radio 5 programme
Following on from last night’s Radio 5 programme into tax avoidance by recruitment agencies (http://www.bbc.co.uk/news/business-19977308), Stuart Davis, Chairman of the FCSA comments: ‘The programme highlights some legitimate concerns about the behaviour of some recruitment agencies and payroll companies. It is clear that a small minority are not operating within the spirit of the law and exploiting low paid workers by not paying National Minimum Wage (NMW), and using expenses as part of NMW to … [Read more...]
DO NOT GET CONFUSED BY CURRENT HMRC INVESTIGATIONS SURROUNDING TAX AVOIDANCE OR TRAVEL & SUBSISTENCE SCHEMES
A recent Radio 5 Live broadcast discussed payroll providers and umbrella companies as being immoral in their methods to reduce tax and national insurance contributions by providing a travel and subsistence allowance, hence conducting an immoral service. A couple of comments I would like to make on these allegations: Not all payroll providers and/or umbrella companies operate in this manner. Some do and some have, however they have either rebranded themselves, or are yet to be investigated. If … [Read more...]