`The Chartered Institute of Payroll Professionals
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Peak PAYE paid contractors the national minimum wage, subject to tax and National Insurance (NI), but paid the remainder of wages under the guise of a financial option or salary advance to avoid paying tax and NI on those figures.
HMRC is running a Tax Avoidance – Don’t Get Caught Out campaign, which provides a variety of resources for individuals to help them identify the risks of tax avoidance schemes and warning signs to be wary of.
Anyone concerned they’re involved in a tax avoidance scheme should liaise with HMRC as soon as possible. They can do so by calling 03000 534 226.
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HMRC publishes research report on high income child benefit charge compliance.
Published: 13 June 2022 Emailed: 15 June 2022
In 2020, Her Majesty's Revenue and Customs (HMRC) commissioned research exploring the barriers to compliance for the high income child benefit charge. The research was based on 48 in-depth interviews with individuals who were liable for the charge. The resulting report has now been published.
The key findings were:
• Generally non-compliance was not intentional, and participants were motivated to meet their responsibility.
• The main barriers to compliance were lack of awareness, lack of understanding of the charge and compliance process, and having complex earnings.
• Understanding that it was the customer’s responsibility to take action and having awareness at the point of becoming liable were the main enablers that contributed to compliance.
• The areas for further support which were identified included: better communication from HMRC, improving customer understanding, and raising awareness.
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HMRC updates list of tax avoidance schemes, promoters, enablers and suppliers
Published: 8 July 2022 Emailed: 13 July 2022
Her Majesty's Revenue and Customs (HMRC) has updated its list of named tax avoidance schemes, promoters, enablers and suppliers.
HMRC continues to crack down on tax avoidance scheme promoters as it warns all of engaging with yet more tax avoidance firms. Individuals are urged to withdraw engagement and contact HMRC as soon as possible. Since HMRC has been granted powers to publicly name tax avoidance schemes and their promoters, no less than seven have been added to the list. Although the list is not exhaustive, it will continue to be updated as HMRC closes in on similar firms. This year has seen increased activity on this front, with HMRC running a Tax Avoidance – Don’t Get Caught Out campaign, which is designed to help people stay clear of tax avoidance schemes.
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Asda and Next pay day errors cause issue for thousands Published: 18 July 2022
cipp.org.uk
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