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Tax avoidance scheme users urged to get out or face significant tax bills
“Customers who think they’re involved in a tax avoidance scheme, should withdraw from the scheme and contact us for help as soon as possible.”
The Umbrella Agency Ltd and its director have been exposed for the first time today. HMRC has also exposed the director of the previously named promoter Saxonside Ltd, with users of both schemes warned to withdraw or risk large tax bills. Both schemes’ users enter an employment contract with the promoter and are then paid the National Minimum Wage. Scheme users then receive the remainder of their income disguised in a bid to avoid paying Income Tax and National Insurance. Schemes such as these often wrongly promise their users can avoid National Insurance and Income Tax. A total of 15 companies involved in promoting tax avoidance schemes have been named by HMRC, though this is not a complete list of all tax avoidance schemes currently being marketed, nor a complete list of all promoters, enablers, and suppliers.Land Registry plans home-buying shake-up with switch to digital system
`”As we do so, we are placing people – those buying and selling property – at the heart of our transformation.