Changes to VAT penalties and interest from 01 January 2023

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…

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New VAT penalty regime and other VAT news

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…

1.25% increase to NIC and dividend tax rates 

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…

Budget 2021

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…

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Update on Government schemes in response to COVID-19

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…

Dividend 2017/18 and 2018/19

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…

Autumn Budget 2017

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…

Changes to flat-rate VAT in more detail with examples

HMRC wins disguised remuneration avoidance case HMRC has won a legal case over a contractor loan scheme endorsed by Hyrax Resourcing Ltd. As a result, HMRC will now be able to collect more than £40 million in unpaid taxes. The scheme in question was a disguised remuneration avoidance scheme, which paid users in loans, rather than…