HMRC webinars – Off-Payroll working and Avoiding Saver Scams 5 October 2020
HMRC has advised that they have scheduled further Talking Points webinars.
In the coming weeks you can book onto webinars on the subject of protecting against saver scams and a reawakening on the subject of Off-payroll working reforms which are to be implemented from April 2021.
There are a limited number of spaces therefore to avoid disappointment secure your place now.
How you can help savers avoid scams - Monday 12 October 11.15am to 12.15pm
This webinar will provide information on pension scams, how they are operated, who is at risk and how to recognise the warning signs. During the current pandemic, there have been an increase in reports of such scams, therefore the information provided could be invaluable.
Off-payroll working rules from April 2021 - Choose a date and time
This webinar aims to give an update to changes to the off-payroll working rules from April 2021 for the public sector and medium and large sized organisations. This measure was due to be implemented in April 2020, however, due to the current pandemic, it was postponed until April 2021. Through recent polls posed by the policy and research team, some organisations are still not ready for this to go ahead, even with the 12-month delay. This webinar will provide the essential information required to understand the changes to the rules.
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Off-payroll: Guidance on checking labour supply chains 9 October 2020
HMRC has updated its guidance on off-payroll working, to give details of applying due diligence principles to labour supply chains. Ahead of the off-payroll working reforms, which will be implemented from 6 April 2021, this information has been provided, as failure to take reasonable action in this area could potentially lead to substantial legal, financial and reputational risks to businesses. In some cases, it could even result in companies needing to cease operations entirely. A business could end up being responsible for unpaid taxes and National Insurance (NI) contributions. In addition to this, they may not be able to recover VAT payments, and individuals could even be prosecuted and handed unlimited fines if someone acting on their behalf allows tax evasion. These labour supply chain checks are also imperative in protecting workers and preventing modern slavery.
Labour supply chain due diligence checks
Due diligence should be performed to ensure that businesses are able to make judgements on transactions and the integrity of their supply chains. It will mean that businesses are protected by assessing the credibility, legitimacy, legal and tax compliance of any suppliers, customers, employees and labour supply. Criminal practices such as exploitation, fraud and avoidance can be more easily disguised within a supply chain in scenarios where due diligence has not been performed by all parties, so checks conducted solely in relation to immediate suppliers and customers may not be enough. Credibility of the supply, payment arrangements and other surrounding circumstances should also be considered. Supply chain due diligence principles of checking, acting and reviewing will allow businesses to apply effective risk management and sufficient due diligence to ensure the integrity of supply chains, which will subsequently reduce the level of exposure to risks.
There are three main principles relating to supply chain due diligence:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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