All legitimate umbrella companies have been calling for the regulation of the sector for a long time.
We are pleased to announce that Tax avoidance schemes have been named for the first time by HM Revenue and Customs (HMRC) as users are warned they could face large tax bills.
HMRC has today advised anyone involved in Absolute Outsourcing’s or Purple Pay Limited’s Equity Participation Scheme to withdraw from them as soon as possible to prevent building up a large tax bill.
This is the first time HMRC has used new powers to name tax avoidance schemes and their promoters as part of a campaign to warn the public not to get caught up in tax avoidance.
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It is impossible for us to compete with providers offering a higher take home pay, lowering the minimum processing rate so that agencies can pay the workers less (sometimes not within the guidelines of the regulations to include all the deductions and uplifts necessary).
If you are concerned that you could be placing your workers through a scheme that you feel might not be legitimate, please feel free to contact us today for a no obligation and confidential chat ☎ 01252 863700 or email us