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Beware Umbrella Companies!

Beware Umbrella Companies!

Contractors are given a sharp reminder this week that, if you live and work in the UK, you must pay tax in the UK. Offshore umbrella companies and EBT schemes which are established for no other reason than to avoid paying UK income tax will leave members liable for massive bills as HMR&C are vindicated by the Appeal courts for using retrospective tax legislation.

After months of deliberation Appeal Judges have given their verdict in the case of Huitson V HMR&C and it is devastating news for contractors who used DTA's (Dual Taxation Agreements) to avoid paying the proper levels of income tax in the UK. The appeal was summarily dismissed with the original judgement in the case being described as 'clear and excellent'.

If you are currently promoting a business that uses offshore tax structures, or loan schemes, now is the time to review your umbrella supplier list. ContractorUmbrella Ltd processes all employee income through PAYE and is fully compliant with all HMR&C legislation, including the AWR. 

For more information on how we can help your business, please visit...

http://www.contractorumbrella.com/agenciespage.html

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