The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
If you think you are eligible for this research and would like to take part, please contact Paul Vousden at Kantar Public by email paul.vousden@kantarpublic.com or call 0207 656 5035.
If you would like to contact someone from HMRC to confirm the validity of the study or for more information, please contact Dina Dimou by email Konstantina.dimou@hmrc.gsi.gov.uk .
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Disguised remuneration: job board avoidance scheme 20 March 2017
HMRC is aware of a new disguised remuneration tax avoidance scheme that attempts to avoid Income Tax and National Insurance contributions (NICs) by paying contractors in the form of redeemable loyalty points.
This scheme doesn’t work and HMRC will investigate all users of the scheme.
How the scheme works The contractor becomes an employee of an umbrella company and is then paid in two parts. The first part is a small basic wage with little or no tax and NICs deducted. The second part of the payment is used to advertise the contractor’s services on a job board. They immediately receive loyalty points in return for keeping their details on the job board. The loyalty points can be cashed in by the employees shortly after, with no deductions made for tax or NICs. The contractor usually has to pay a large fee to the third party running the job board.
Read more from HMRC’s Spotlight 37 on:
why you shouldn’t use the scheme; what will happen if you do; and what to do if you are using the scheme.
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New HMRC Fraud Hotline launched 7 April 2017
On 3 April 2017 HM Revenue and Customs launched the HMRC Fraud Hotline , a new public service that will simplify the fraud and evasion reporting process.
A new single telephone number and online form will replace two separate tax evasion and customs hotlines.
People who want to report fraud or evasion can contact HMRC through:
The new HMRC Fraud Hotline - on 0800 788 887 - between 8am and 8pm seven days a week. (an international service is available for callers overseas – 0203 080 0871) A new digital form on GOV.UK’.
As well as making it easier to report fraud and evasion, streamlining this service will allow more efficient analysis of the intelligence; ensuring suitable cases are passed to investigators as quickly as possible.
The HMRC Fraud Hotline can be used to report a range of offences, including:
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