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Clampdown on tax dodging welcomed by giant

Clampdown on tax dodging welcomed by giant

Professional umbrella employment provider, giant group has welcomed the tightening of the tax loophole announced this week.

In a speech to the Scottish Lib Dem conference, Chief Secretary to the Treasury Danny Alexander, announced that a tax loophole that allows firms to avoid &pound100m a year in National Insurance will be closed under a new scheme. Mr Alexander said around 100,000 employees - mostly teachers, nurses and oil and gas workers - were believed to be paid through offshore payroll services set up in tax havens such as Jersey and Guernsey and these employees could be ineligible for statutory sick pay, but completely unaware of that status.

Matthew Brown, Managing Director of giant group commented on this news: “It’s great to hear that this issue has been highlighted, and at giant we welcome the tightening of the rules. The loophole originally meant that some workers were at risk of missing out on statutory support as their employers were not paying National Insurance. But with this new scheme in place, everyone will have access to a number of benefits, including statutory maternity or sick pay – should they need it.”

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