F ootball clubs are increasingly under scrutiny for the paying arrangements to agents and the latest one in such trouble is a famous London club. HMRC are currently looking into the financial affairs of 44 English league clubs, over 200 players, and 31 agents and that is just the tip of the iceberg as attention is now turning to Scottish clubs …
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.
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.
At the moment those who fail to tell the taxman about inherited offshore assets are treated equally to those who fail to disclose domestic assets.
If you are looking to expand your business overseas or just need help understanding the complex tax arrangements that apply to foreign income e.g. remittance basis, then you have come to the right place.
EU leaders have been urged to help take action on extreme corporate tax avoidance schemes by large corporations at the latest EU summit.
