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Umbrella company manual contractor warning
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HMRC have revealed that five plumbers have been arrested and around 600 are under investigation for failing to pay the correct taxes, prompting them to warn other manual labourers and taxpayers to ensure their finances are in order.
"The net is tightening on those who break the law," claims Gary Ashford, representative of the Chartered Institute of Taxation''s Compliance Reform Forum.
"With HMRC targeting a five-fold increase in criminal prosecutions for evasion, the consequences of not clearing up tax irregularities could be grave," Mr Ashford warns.
Manual umbrella company contractors should ensure that their taxes remain in order when moving between employers.
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Video Transcript
Umbrella company contractors working in the plumbing industry should ensure that they stay up to date with their tax payments to avoid legal action.HMRC have revealed that five plumbers have been arrested and around 600 are under investigation for failing to pay the correct taxes, prompting them to warn other manual labourers and taxpayers to ensure their finances are in order.
"The net is tightening on those who break the law," claims Gary Ashford, representative of the Chartered Institute of Taxation''s Compliance Reform Forum.
"With HMRC targeting a five-fold increase in criminal prosecutions for evasion, the consequences of not clearing up tax irregularities could be grave," Mr Ashford warns.
Manual umbrella company contractors should ensure that their taxes remain in order when moving between employers.
