The timing of the Chancellor’s announcement regarding the review of Employment Intermediaries Tax Relief on Expenses was raised in Parliament yesterday during Business Questions.
Editor | 27 February 2015
/ / / / /Editor | 25 February 2015
/ /HMRC have published a further 70 employers that were found to be in breach of the National Minimum Wage Regulations.
Editor | 23 February 2015
/Good news for married couples and qualifying Civil Partnerships is that from 6th April 2015 they may be able to claim additional tax relief in respect of their partners unused tax allowance.
Editor | 18 February 2015
/ / / / /All Umbrella Companies are Equal (AUCAE) have published their response to the HMRC Employment Intermediaries: Temporary workers – relief for travel and subsistence (food and drink) expenses.
Editor | 16 February 2015
/ / / / / / /The Low Incomes Tax Reform Group (LITRG) have published their response to the HMRC Employment Intermediaries: Temporary workers – relief for travel and subsistence expenses.
In the past the LITRG have reviewed Umbrella Company Schemes and in particular how alternative models such as the Payday by Payday Scheme (PDBPD) affect Low Income Workers. It is from this respect they have responded to the HMRC potential threat of restricting relief on travel and subsistence expenses. They are in particular concerned that any scheme that is deemed non-compliant could see the low income worker being chased for taxes owing.
Editor | 12 February 2015
/ / / / / / /At Umbrella.co.uk we were a member of and part of the steering group for the FCSA led Syndicate of Employment Intermediaries and their response to the HMRC discussion document titled “Employment Intermediaries: Temporary workers – relief for travel and subsistence”.
Editor | 10 February 2015
/ / / / / /On reading recent news articles about umbrella company workers it seems clear there is a misconception about how they work. Especially in relation to the employers national insurance (E’ers NIC) and the umbrella company margin.
Editor | 6 February 2015
/ / /Choosing a company name for your new business can often be a complex decision with you having to avoid similarly named businesses and exclude banned words such as implying you are a Government Body or a member of an industry/trade body (i.e. the Institute of Chartered Accountants in England and Wales (ICAEW) control the use of the term Chartered Accountant).
Editor | 4 February 2015
Umbrella.co.uk are one of the UK's leading umbrella companies
Editor | 26 February 2015
/ /According to a set of much-discussed statistics, just over 4.5million people in the UK were classed as self-employed in 2014. That number is set to grow over the next few years as more of us seek our own working life destinies. One of the obvious attractions for many has been the suggestion – often true – that pay rates for freelancers and contractors outstrip earnings for the permanently employed.
Editor | 24 February 2015
/ / / / /The CBI (Confederation of British Business) who lobby on behalf of British businesses have responded to the HMRC discussion on Employment Intermediaries: Temporary Workers – Relief for Travel and Subsistence Expenses.
Editor | 23 February 2015
/ / / / /Some potentially good news for contractors who operate through their own limited company is that HMRC have relaxed their deadline for Limited Companies (with less than 50 employees) that are adjudged to be late filing their monthly PAYE returns and hence liable for a penalty.
Editor | 17 February 2015
/ / /Ed Balls has received controversy for saying we should always get a receipt when paying cash-in-hand for a job, however small. He is quoted as saying he always gets a receipt even when paying £10 for having his hedge cut.
Whilst it would be great for all of us if everyone paid their fair share of tax, it is not that simple and unfortunately it is often the case that people are happy to pay cash if it means they can get a job done cheaper.
Editor | 12 February 2015
/ / / / / / /At Umbrella.co.uk we were a member of and part of the steering group for the FCSA led Syndicate of Employment Intermediaries and their response to the HMRC discussion document titled “Employment Intermediaries: Temporary workers – relief for travel and subsistence”.
Editor | 11 February 2015
/ / / / /Professional Passport have submitted their response to the HMRC discussion document – “Employment Intermediaries: Temporary workers - Relief for travel and subsistence”.
Editor | 9 February 2015
/ / /At the time of year if you receive an email from HMRC you may panic that you owe tax or if it says you are owed a refund then you may be keen to respond in order to receive it. At the end of the day you don’t want to ignore a valid email for fear of being fined or missing out on a tax refund you may be due.
Editor | 5 February 2015
/ /Following responses to the HMRC consultation on the Reporting Requirements for Employment Intermediaries it has issued the findings and in response to these some amendments to the reporting requirements.
Editor | 4 February 2015
/ / / /Recruitment International have reported that The Government have recognised the value of responsible Umbrella Companies. Below is the relevant extract from Parliament’s Question and Answers section:
