Following on from my article on Ryanair and the pilots loan schemes the chairman of the All Party Parliamentary Loan Charge group Jim Harra, has now told campaigners that “tax officials were breaking the rule of law” in sending out tax demands for alleged unpaid tax on payments made under the guise of “loan schemes”. Two of those cases that …
The revelations that Ryanair pilots have become embroiled in tax avoidance schemes are just the latest in a long line of workers who signed up to be paid part of their salary through loan schemes which allowed them to take home 85% of their pay. IT contractors, doctors, nurses, and even social workers were getting paid via schemes run by offshore …
The gig economy probably existed before William Pitt introduced Income Tax in 1798 and gradually evolved from musicians travelling around doing gigs to the present day enigma termed ‘the gig economy’. Now with The Revenue’s spyware and a record number of snitches around, even the rich singers and comedians who sometimes fit in a private party or a 30 minute “cash” appearance …
Are you affected by IR35 tax legislation? If so it is important to know the rules. IR35 is a set of rules concerning tax and National Insurance contributions if you work through an intermediary via a contract.
Now that the mad rush is over for another year we can all take time to reflect on what has been a successful period.
With the accelerated payment scheme now brought in by HMRC this may be a good time for clients who have concealed income offshore or have been party to a tax avoidance scheme, to consider making a voluntary settlement.
