In October, we saw a number of developments and updates across payment intermediaries from the Autumn Budget announcement to the policing of tax avoidance schemes and research from IPSE on unregulated umbrella companies.
In case you missed it, here’s your quickfire round-up of updates from Professional Passport, and from our CEO, Crawford Temple, on a range of industry and wider sector news.
In light of the recent cyber-attack on Giant, Crawford Temple tells Computer Weekly that the incident raises the bar for each and every provider to ensure that robust systems are in place to protect their data and that of the whole supply chain:
Crawford Temple tells Computer Weekly that reports that the FCSA is allowing its members to use offshore models is shocking and will be damaging for the entire sector:
Crawford Temple is pleased to see that the Freelancer & Contractor Services has clarified its position on offshore schemes and cleared up the confusion that arose:
Ahead of the Autumn Budget, Crawford Temple speculates that in the Chancellor is likely to focus his attention on disguised remuneration and tax avoidance as the government seeks to ensure it collects all the taxes due in the most effective manner as so far HMRC has been slow to take a robust stance against ‘schemes’ to shut them down.
Crawford Temple speculates that, in this week’s upcoming Autumn Budget, the Chancellor is likely to focus his attention on disguised remuneration and tax avoidance as the Government seeks to ensure it collects all the taxes due in the most effective manner:
Staffing Industry News
IPSE’s latest research has revealed that 34% of contractors are now working through “unregulated” umbrella companies and, whilst the industry is not regulated, it is very important that contractors work through an accredited provider that has passed rigorous and robust assessment says Crawford Temple:
Crawford Temple speculates on what the Chancellor will focus on in his upcoming Autumn Budget:
With a noticeable rise in disguised remuneration schemes, Crawford Temple is urging HMRC to focus on targeting the promoters of the schemes rather than the workers:
Crawford Temple told ContractorUK that in its new policy paper on tax avoidance that was issued alongside the Autumn Budget, we heard more intent, more commitment and more words to clamp down on tax avoidance from the Chancellor, but it’s enforcement that is needed and it’s long overdue:
Crawford Temple told Recruiter that HMRC has been too complacent in its policing of tax avoidance schemes for far too long and the industry needs fewer words, more action and better visible enforcement: