Monthly Archives: January 2017

What will 2017 bring for contractors?

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A new year is just starting, but what will 2017 bring for contractors? According to KPMG Head of Infrastructure, Building and Construction Richard Threlfall, it will depend on which sector a contractor works in. Contractors in different sections of the construction industry will have very different experiences. “2017 will divide the construction sector into winners and losers. Contractors in infrastructure… Read more »

HMRC fails to issue penalties correctly

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HMRC has had to withdraw over 4,000 of its according Advance Payment Notices (APNs) to an accountancy firm. Moore Stephens says that of the 60,000 APNs that HMRC has issued, one in 14 should not have been issued. This raises concerns over whether the Counter Avoidance Directorate has sufficient resources to do its job. The Counter Avoidance Directorate is the… Read more »

Penalties for tax avoidance scheme providers

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A consultation document published by HMRC entitled Strengthening Tax Avoidance Sanctions and Deterrents has elicited strong support for it’s proposals to force the promoters of tax avoidance schemes to assume some of the risk. The consultation closed in October of last year, and the subsequent paper contained several proposals, including a new penalty for any individual who constructs, markets, sells… Read more »

UK labour market gets new enforcer

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The government has appointed a new pay and pricing guru, with Sir David Metcalf set to take up the new position of Director of Labour Market Enforcement. Sir Metcalf has in the past advised on matters such as the minimum wage, salaries of judges and betting prices. In his new role, he will oversee the coming together of three enforcement… Read more »