Riddingtons, are extremely proud to announce that we have been awarded runner-up in the Mega Growth 50 awards.
Mini-Umbrella Company fraud is a tax fraud scheme that has been in existence for years. HMRC published its first guidance on the topic in May 2021.
Right to work checks in the UK have been around for a long time, but the rules and methods have changed recently.
The REC has recently reported that there is evidence that HMRC is now focusing on VAT fraud in the supply chain and is increasing the number of companies it investigates.
In 2021 we started the audit process to become a member of the FCSA (Freelancer and Contractor Services Association), the industry-leading regulatory body, and we are very pleased to say that we have now officially joined and gained their accreditation for both the Umbrella and CIS models.
The construction industry has an inherent demand for specialed and flexible labour. As a result the workforce of many contractors include a large amount of subcontracted labour.
In 2007 HMRC introduced the CIS penalties regime. Many contractors are often caught unaware of the significant penalties they can be faced with should they not be compliant.
It is vital to establish the employment status of an individual in order for you to know how to treat their taxation affairs aswell as what rights they are entitled to under UK employment law.
The Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry.
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