Tag - HMRC

HMRC to turn spotlight on umbrella companies

HMRC to turn spotlight on umbrella companies

See on Scoop.it – Beat The Cowboy Builder The taxman is turning the spotlight on umbrella companies as the clampdown on false self employment in construction continues. Thousands of site workers are being shifted into being paid via umbrella companies by employment agencies as the industry tries to avoid taking staff on directly. But industry experts believe HM Revenue & Customs will be clamping down on the practice. Umbrella companies make PAYE and National Insurance deductions for workers and allow them to offset [...]

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HMRC to turn spotlight on umbrella companies

Cheshire builder jailed for tax fraud

See on Scoop.it – Beat The Cowboy Builder A 49-year-old Wilmslow man has been jailed for tax fraud after pocketing nearly £115,000 of tax that he deducted from subcontractors instead of paying to HM Revenue & Customs (HMRC). Peter Jones from Central Place, Station Road, Wilmslow was registered under HMRC’s Construction Industry Scheme as PJD Cheshire Builders, employing subcontractors for work carried out on renovations and property development. When he de-registered, HMRC’s investigations revealed that he had continued to employ subcontractors for [...]

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