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...]
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...]
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...]
June deadline fast approaching for EUSS applications
On Monday 17th, May 2021 there will be only 45 days to go until the deadline of 30 June 2021 for applications to be made to the EU Settlement Scheme (EUSS). ePayMe would like to share the following message from the UK Government (GOV.UK) regarding the approaching EU Settlement Scheme deadline. This milestone is an important opportunity for us to work together to bring the fast-approaching deadline to the attention of your eligible EU employees.All EU, EEA and Swiss citizens and their family … [Read more...]
A fair warning to IR35 non-compliers
The HMRC in a briefing issued last month announced how it will support IR35 affected organisations and intervene if 'deliberate defaulters' don’t comply. With the deadline April, 6th 2021 fast approaching the HMRC have issued a briefing, available on GOV.UK on how it will support affected organisations with IR35 reform changes. The HMRC also stated how they will intervene if IR35 non-compliers deliberately do not adhere to changes. Are you prepared? IR35 changes apply tomedium … [Read more...]
Know your IR35 status
Does your payroll include self-employed workers, contractors or consultants? A small piece of legislation is set to have a large impact on businesses. Understanding your IR35 status may save you from back paying unpaid tax. From the 6th April, 2021, all public authorities and medium to large sized businesses will be responsible for deciding the employment status of workers. Failure to comply could result in hefty workers tax and National Insurance shortfalls becoming the employer’s … [Read more...]
IR35 – Key steps to a successful transition
Since the beginning of the year, we have seen an influx of enquiries and requests for support from contractors operating through their own limited companies due to the IR35 reform looming.Our key steps to success have seen a smooth transition for many contractors whom are affected by the changes to the IR35 regulations.What are these steps?Communication – our expert team have the knowledge to answer any IR35 and payroll related questions, we like to get the questions out the way to … [Read more...]
COVID-19: Changes to standard and enhanced ID checking guidelines
Due to current measures that have been put in place as a result of the coronavirus outbreak, we’re aware that organisations are having difficulty following the DBS ID checking guidance.Currently, when validating ID documents, it is best practice to carry the examination out face-to-face with a live video link as an alternative method. Under the current guidance, the ID checker must be in physical possession of the original documents so they can be checked for indicators of fraud.As the … [Read more...]