The big topic of conversation continues to be the upcoming private sector reforms and Governments continued focus on our sector and ensuring everyone is paying the correct taxes. So in this month’s newsletter we continue to separate the myths from the facts with our latest mythbuster instalment regarding what happens if a client deliberately misleads an agency on the IR35 status.
For some time now there has been uncertainty in some parts of the recruitment sector as to whether the valuable VAT concession which exempts employment agencies from charging VAT for supplying certain nursing and nursing auxiliary staff to an end user can be accessed by an umbrella company.
We had a great to start to the year with the announcement that once again PayStream were voted the Best Umbrella Company in the Contractor UK Reader Awards! This is an achievement we are all extremely proud of, making it the third year in a row we have walked away with this title.
This year’s Spring Statement from the Chancellor of the Exchequer was rather overshadowed by Brexit but hidden amongst the various promised consultations appeared an HMRC report titled ‘Tackling tax avoidance, evasion and other forms of non-compliance’. We thought we’d share with you our view as to where we are now and where HMRC are planning to go next.