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ACCA – HMRC publishes updated guidance on umbrella companies

by Jessica Garbett | Jun 15, 2023 | ACCA, business taxation, PSC, umbrella companies

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA People employed by umbrella companies will welcome updated HMRC guidance on how such companies work, their employment rights and other key...

HM Government Growth Plan 2022

by Jessica Garbett | Sep 23, 2022 | budget, business taxation, capital taxation, dividends, employment status, IR35, personal taxatation, PSC, VAT

Please note this content was written contemporaneously, and may well now be superseded Update October 2022 Post Announcement – U Turns 3 October – the plan to abolish the 45% Income Tax Rate and associated Additional Rate Dividend Tax rate have now been...

ACCA on The rising danger of mini umbrella companies

by Jessica Garbett | Nov 20, 2020 | ACCA, business taxation, PSC, umbrella companies

HMRC is striving to combat a type of fraud which significantly reduces tax payments including PAYE, National Insurance and VAT. HMRC has shared its concerns on the potential dangers posed to their business by Mini Umbrella Company (MUC) fraud in their supply chain. It...

Independent review into loan charges

by Jessica Garbett | Feb 6, 2020 | ACCA, business taxation, personal taxatation, PSC

Have you seen HMRC’s response to the review’s outcomes? You may have already received HMRC’s communication highlighting its advice around the independent review into loan charges where it signalled it will refund voluntary payments. HMRC stated in its update:...

Mutuality of Obligations – HMRC loses latest IR35 case

by Susan Albest | Dec 9, 2019 | IR35, PSC

IT contractors RALC Consulting Limited have successfully appealed their IR35 case (RALC Consulting v HMRC (2019) TC7474) at First Tier Tribunal, following an epic five year battle involving a veritable army of HMRC legal representatives. The director, Richard Alcock,...

ACCA on Loan charges – HMRC’s recent communication

by Jessica Garbett | Oct 4, 2019 | ACCA, business taxation, PSC

HMRC responds to the government’s announcement of an independent review of the loan charge.  HMRC recently issued the following to agents: ‘The government has announced an independent review of the loan charge. HMRC has published guidance which sets out how the review...
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