HMRC breaches taxpayer’s confidentiality

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HMRC has been found guilty of breaching a taxpayer’s confidentiality. After Ingenious Media failed to convince the Court of Appeal that HMRC had acted unlawfully when it had discussed a film investment scheme with journalists from the Times, the company has now won its appeal at the Supreme Court. Ingenious Media had promoted film investment schemes that were designed to… Read more »

Tax blunders cost more than avoidance

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HMRC has been stepping up its actions against tax avoiders, and yet recent statistics have reduced the justification for the organisation’s attacks on contractors. The gap between the amount of tax that should be paid and the amount that is actually collected has fallen. As a proportion of overall liabilities, the gap is down from 6.9 per cent in the… Read more »

HMRC “unwilling to give any steer” on changes to IR35

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An agency body has criticised HMRC for being “unwilling to give any steer” on the April changes to IR35 rules to the very parties that will be liable and responsible for any failure to comply with those rules. APSCo said that HMRC’s refusal to provide more detailed information on the new rules means that it will probably not be released… Read more »

HMRC targets entrepreneurs’ relief

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Taxpayers, including contractors, have been warned by Her Majesty’s Revenue and Customs (HMRC) not to use any tax avoidance schemes that exploit entrepreneurs’ relief. HMRC’s alert, divided into four parts, warned against using schemes that aim to turn income into a capital gain, which then attracts entrepreneurs’ relief (ER), cutting income tax and national insurance liability. However, the alert has… Read more »

Calls for agency tax and employment relations change

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The government has been called on to change its policy on employment relations and agency tax by the Association of Recruitment Consultancies (ARC). The legal and recruitment professionals trade body has published a blueprint for changing and modernising the government’s policy. The manifesto, entitled Post Brexit: A better place for doing business, calls on the government to adopt a single,… Read more »

HMRC consults on VAT fraud penalties

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Her Majesty’s Revenue and Customs (HMRC) is proposing a new penalty as part of its measures to tackle VAT fraud. If brought in, company officials could see themselves liable for the penalty. This form of collecting penalties is increasingly popular with HMRC; the new penalty is suggested in a recent HMRC consultation entitled Penalty for participating in VAT fraud. The… Read more »

Labour leader’s views on self-employment welcomed

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Self-employment group IPSE has cautiously welcomed Jeremy Corbyn’s views on self-employment. In his speech at the recent Labour conference in Blackpool, the Leader of the Opposition said social security and tax for the self-employed should be reviewed. “I have said that Labour will put security at work and employment and union rights centre stage from day one,” said Corbyn. “But… Read more »

TUC calls for full minimum wage for all

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TUC General Secretary Frances O’Grady has called for all workers, regardless of their age, to be given the full minimum wage, with young workers being bumped up to the adult rate. National Minimum Wage (NMW) rates were increased on 1st October 2016, but there is still a gap between what younger workers are paid and what those aged 25 and… Read more »