Best Accountants in Marlow

📢 Attention Contractors! The government's delay in regulating the umbrella sector leaves contractors vulnerable to non-compliance risks. According to IPSE, the sector's regulation is in a "precarious position" with further delays expected after the recent Tax Administration and Maintenance Day. Despite acknowledging the "scale of non-compliance," the government has not committed to immediate regulation, hinting at more consultations and future guidance instead. Key Issues: Disguised Remuneration Schemes: Common tax avoidance tactics where income remains untaxed, leaving workers exposed to HMRC crackdowns. IR35 Reforms: Many contractors are now engaged via umbrella companies, increasing exposure to tax avoidance risks. Lack of Regulatory Oversight: Unscrupulous operators exploit the sector, and HMRC's focus on recovering taxes from workers rather than operators adds to the burden. Upcoming Measures: New HMRC guidance and an online pay-checking tool aim to help umbrella workers ensure correct pay deductions. IPSE's Call to Action: "We need urgency from the government," says Andy Chamberlain, IPSE’s Policy Director. Contractors are eager for a regulated umbrella sector and ready to collaborate on implementing a due diligence requirement. With an election looming, the need for prompt action is crucial. Stay informed, stay compliant, and let's push for the regulation our sector needs! #Contractors #UmbrellaCompanies #TaxCompliance #IR35 #IPSE #GovernmentRegulation...