Do you really own?
3 June 2010Danbury, award-winning company that specializes in accounting for contracts and freelancers, is warning contractors to make sure it really meets the criteria of self-employment beforex the government crackdown likely.
The government is consulting on new legislation to address the “false self”, the following measures announced in this year’s budget by the Chancellor Alistair Darling. Mr. Darling said, and cost money to finance workers of false self also affected the ability of companies to be competitive and meet longer have access to social security benefits they are entitled.
False self occurs when workers are treated as self-employed for tax purposes and National Insurance, although the way they work in day to day indicates that there is a “working relationship.” The consultation provides the government “s proposal to ensure that construction workers, to consider effective as employees, are taxed appropriately and, in his opinion, the best way to achieve this is through legislation
It is believed that the 300,000 or labor contractors only are the main target of the legislation, but anyone that HM Revenue and Customs believes an employee, but not paying the correct tax either because of deliberate subterfuge or a true error is also likely to face a bill for the missing tax and a heavy fine.
Danbury business development Michael Rhodes said: “We would ‘do not advise anyone to operate through a model of self-employed who did not believe was truly autonomous. The first contact with anyone inquiring about our service, we go through review work practices to help us recommend the most tax efficient and compatible with the available options, noting the tax liability and possible penalties that can be charged to anyone with self-employment employment or wrong question.
For more information and free advice to contact Danbury in:
Headquarters: 01253 600140
London Office 0207 836 84,000
Manchester Office: 0161 238 4918
or visit www.danbro.co.uk