The new IR35 Legislation has encouraged more contractors to seek work through umbrella companies. However, the rise of disguised remuneration schemes has now prompted HMRC to act.HMRC have started issuing Tax Avoidance Warning letters directly to contractors, strongly suggesting they may be involved in a DR arrangement or scheme. However, the contractors were likely deceived into signing up as a user, believing they were signing up to a true umbrella company.Are the Revenue using this as … [Read more...]
All you need to know about supply chain compliance
5 months into the IR35 Off-Payroll Legislation, and companies are still facing the effects of these changes. It is now more important than ever to have a good understanding of who you’re working with.Due to the changes, the responsibility of assessing a contractors IR35 status is now down to the end hirer. Making an accurate assessment as part of the compliance process will help avoid any liabilities that could arise from not carrying out this check.The new legislation has meant that … [Read more...]
Starting supply from September? What you need to know
Starting a supply role can be quite daunting and complex when considering your options for having your salary processed.To take the weight off your shoulders, we have put together our top tips for finding a compliant and trustworthy payroll solution.Do not believe everything you read – some articles that have been published online regarding holiday pay and the deductions that payroll providers deduct, are not factually correct. A compliant payroll provider will have staff who specialise … [Read more...]
HMRC reveal bizarre excuses for not paying NMW
Following the latest HMRC press release naming and shaming employers for paying staff less than minimum wage, they have now published some of the excuses employers have used for failing to pay staff at minimum wage.HMRC recognises that the vast majority of employers ensure they pay their employees at least the NMW, but, in tax year 2020-21, it has helped over 155,000 workers in the UK to recover more than £16 million in pay they were entitled to. In addition, it has issued over £14 million … [Read more...]
HMRC update: New proposal to clamp down on promoters of tax avoidance
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...]
Recognise the Signs of Payroll Fraud
Identifying suspicious activity can help your business save thousands of pounds every year from payroll fraud. Private sector businesses are losing in excess of £12bn each year to payroll fraud. Payroll fraud is simply described as employees who try to defraud the payroll system at their place of employment in order to gain more money they are not entitled to. For larger corporations, undetected payroll fraud may not pose a huge threat but for smaller businesses can have a … [Read more...]
Employment Showing Signs Of Recovery
Recent UK report on jobs by KPMG and REC indicates an improved market confidence among employers as Government outlines its roadmap for lifting lockdown. The volatile job market is showing signs of recovery following Government’s strategy to lift lockdown. According to the KPMG and Recruitment & Employment Confederation (REC), UK Report on jobs there is still an upsurge of temporary billings, however, the economy is now seeing a steadfast increase in permanent job placements … [Read more...]
Future of Lockdown: UK Government Guidelines
A paper published by the House of Commons on April 2nd, 2021, outlines the rules around COVID-19 and returning to work. Here is a brief summary which outlines lockdown legislation, employer’s health and safety obligations and when workers can refuse to work.Download full report here.In late March 2020, the UK Government imposed a National lockdown in response to the COVID-19 global pandemic that swept the country. Government imposed rules that prohibited people from going to … [Read more...]
HMRC’s new Taskforce clamps down on fraud and exploitation of COVID-19 relief schemes
With losses escalating to £1 billion per week, the extent of this exploitation equates to the “biggest fraud in British history”, David Clarke, Chairman of the COVID-19 Fraud Watch Task Force. Since the start of the pandemic, the government has forked out in excess of £54 billion towards COVID-19 relief schemes to support businesses and individuals across the UK. Among these Government initiatives include:The Coronavirus Job Retention Scheme (CJRS) otherwise known as Furlough … [Read more...]
Education Agencies, a Growing Trend geared towards Outsourcing Payroll
ePayMe National Account Director Paul Johnston explains the reasons behind the noticeable increase of outsourced payroll by education agencies. Since the start of COVID pandemic we have seen a substantial increase in education agencies that are outsourcing to umbrella services like ourselves to manage their internal payroll (PAYE). Paul outlines the many pros for agency workers when acquiring umbrella services.Since the termination of expenses back in 2016, many workers felt … [Read more...]