Contractor Accountants Advise Those Still Using Unscrupulous Schemes Evading Tax To Get Compliant

The Government have made it quite clear that they intend to crack down on tax evasion as a way of reducing the country’s deficit.
Danbro, one of the UK’s leading contractor accountants is warning those contractors currently using unscrupulous solutions like Employee Benefit Trusts (EBT’s), of the threat of being caught up in an investigation, potentially leading to them having to pay back thousands of pounds.
HMRC have been told to make cuts in their spending across a number of areas which will free up extra funds to contribute towards the £900 million fund which will be used to tackle tax avoidance.
The government will not be taking any prisoners and intend to invest in IT sophisticated IT systems which will help them claw back £7billion in unpaid tax.
Some commentators have suggested that if you are earning more than £150,000 a year, it’s more likely your tax affairs will be open to extra scrutiny.
In lieu of the Government’s intentions, it is a good idea to reassess your current situation and perhaps discuss alternative complaint solutions with them.
There are other tax efficient alternatives other than unscrupulous solutions like EBT’s, such as using umbrella companies or working via your own limited company accountants. Danbro’s Umbrella Company is recognised by the Sunday Times Fast track 100 as one of the fastest growing private companies in the UK and is rated as one of the industry’s best by umbrelladetective.com. As award winning accountants, Danbro provide first-rate accounting solutions to contractors wanting to operate via their own Limited Company.