LONG-SERVING public officials are cutting their tax bills by being paid through their own companies.
A leaked review initiated by chief secretary to the Treasury Danny Alexander has found that 2,000 senior officials are paid through their own company structures, rather than taxed directly through PAYE.
Of those, 800 have worked for their department for more than two years. A further 400 have worked for more than a year.
The Treasury wants longer term ‘off payroll’ contracts earning more than £220 a day to prove they are paying full income tax and NI, reports Press Association.
Departments that fail to better manage the contracts will face sanctions of up to five times the contract paid.
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion