Failure to provide evidence of compliance to legislation and tax regulations when working on a self-employed basis could result in workers being pursued by HMRC and being put under investigation.
Contractors should ensure that the review is conducted by an impartial service provider offering all three HMRC recognised models; self-employed/CIS, employed/umbrella and PSC/Limited Company.
An independent audit will allow individuals to find out if they are using a scheme that best suits their particular needs in terms of compliance, whilst also maximising take home pay.
CEO, Miles Lloyd, said: HMRC is using construction as a target sector for onshore legislation and the risk of contractors being pursued in retrospective HMRC investigations has never been higher, so contractors should act now to protect themselves.
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