As many of the governments coronavirus support schemes are coming to an end, HMRC are assessing the impact of fraud within them.HMRC’s current estimate for the amount lost to fraud and error in the schemes during 2020 to 2021 is a total of £5.8 billion against a £81.2 billion spend. 8.7% in CJRS, 2.5% in SEISS phases 1-3 and 8.5% in the eat out to help out schemes.From the beginning, it was clear the scheme would be targets for fraud and that customers may make mistakes.The … [Read more...]
Could IR35 be responsible for the UK’s HGV driver shortage?
Food shortages, petrol crisis, the last few months in the UK have been challenging for a number of Brits. A lot of the recent issues are down to a shortage of HGV drivers. It’s estimated that Britain needs an additional 100,000 drivers to ease pressures.The COVID-19 pandemic and Brexit are being blamed for the shortage of drivers. However, new research from the Road Haulage Association (RHA) reveals that recent tax changes could partly be to blame.For those that aren’t familiar with it, … [Read more...]
PM announces rise in National Insurance tax
Boris Johnson has announced a UK-wide “health and social care levy” to support reforms of the care sector and NHS funding in England. The new scheme will start as a 1.25% rise in National Insurance from April 2022. However, then become a separate tax on earned income from April 2023.The plan was today signed off by ministers at a cabinet meeting, despite earlier disputes from Tory MPs.The PM has said the aim is to raise a total of £36 billion over the next few years for frontline … [Read more...]
Umbrella Company or PAYE?
Understand the difference and find out which is the right option for you. Opting to work through an umbrella company is an increasingly popular payroll option in the UK for temporary workers and contractors. However, the understanding of what this actually means for workers is still largely misunderstood. This article aims to highlight in simple terms the differences between umbrella companies and agency PAYE systems; their functions and how worker payroll is processed. This article … [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...]
IR35 For Beginners
Do you need assistance understanding IR35? Are you unsure if you are affected? This IR35 for beginners infographic may help.Infographic: IR35 for beginnersIf you have any questions or concerns about your IR35 status then please do connect with us on 01252 863700 or email info@epayme.co.uk.ePayMe are one of the UK’s leading providers of compliant payroll services to contractors, temporary agencies and small businesses. Our bespoke systems utilise the latest software and link directly … [Read more...]
Effects of the Payroll working rule on education sites and employment agencies in the public sector research study 2017
The HMRC ahead of the 2021 IR35 roll-out, republished two 2017 research studies that investigated the effects of the payroll working rule in the public sector on education sites and employment agencies. In 2021 the HMRC commissioned IFF Research and Frontier Economics to gather evidence of longer-term effects of the off-payroll working reform implemented in the public sector in 2017. Findings for both reports combined were gathered from 51 quantitative and 40 qualitative interviews. … [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...]
£11 billion boost for taxpayers facing difficulty due to coronavirus
Anyone who has difficulty paying their second 2019 to 2020 Self Assessment payment on account can take advantage of automatically deferring the payment until 31 January 2021, HMRC is reminding taxpayers.The second Self Assessment payment on account for 2019 to 2020 is ordinarily due at the end of July, but the government previously announced it is supporting the self-employed and others by allowing them to defer this payment.This option to defer is on top of additional support … [Read more...]