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Dont be exposed to third party debt!

Dont be exposed to third party debt!
 
Nyman Linden Chartered Accountants advises all recruiters to review their Contractor Compliance Protocols in case any of their UK placements are caught by new legislation preventing them from using artificial arrangements such as EBTs particularly rife in the banking and financial sectors to reduce or defer their income tax liabilities.  Although this new legislation is formally introduced from 6 April 2011, it is active today because any loans received after 9 December 2010 will not escape a liability for income tax.and agencies could be exposed to third party debt! 

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