Cracking down on risky contractor loan schemes

It has been a turbulent year for contractors, especially those who work within the public sector and have been hit by the introduction of the “off-payroll” reforms in April. Now a storm of risky umbrella firms are luring temporary workers with promises of higher take home retentions in a bid to sidestep the tax crackdown…

New rules regarding tax evasion: Criminal Finance Act 2017

On April 27th, the Criminal Finances Bill received Royal Assent becoming the Criminal Finances Act 2017 and represents significant development in the UK’s anti-money laundering regime in over a decade as well as the largest expansion of corporate criminal liability since the Bribery Act 2010. From 30th September 2017, companies will be criminally liable if…