Failure to Prevent Tax Evasion – What You Need to Know
From 30th of September 2017 corporate bodies, including recruitment agencies, are at risk of criminal prosecution for failing to prevent tax evasion. This will include any employee recommending providers and receiving cash incentives where there is a reasonable expectation that the correct level of tax will not be paid.
Penalties will include unlimited fines and criminal record for corporations if convicted.
From a recruitment agency’s point of view, there is main area of concern:
Incentives paid to recruitment consultants for introduction to a provider.
Failure to disclose such payments on the consultant’s tax return constitute tax evasion, and unless reasonable steps are in place, the recruiter (the consultant’s employer) will be liable for any unpaid tax. Recruitment agencies must take steps to stop consultants receiving “brown envelope” payments.
Why BackOffice HR Services?
BackOffice HR Services offers fixed fee accountancy packages to contractors and freelancers. Each client has unlimited access to their own dedicated approachable and friendly accountant. All BackOffice HR Services accountants are specialists in the contracting market, so they can give you bespoke, high quality advice.
We will always keep you informed about anything that could affect you and your company. Our relationships with our clients are extremely important to us so we’ll be in touch often, whether it be face to face, over the telephone or email.
Our most popular package is the one which provides you with your very own dedicated accountant as well as:
- Unlimited accountancy support
- Face to face meetings so we can get to know you and understand your contracting goals
- Proactive contact
- Director and employee payroll
- Annual Return
- Self-Assessment Return
- A fully compliant service so you are safe in the knowledge that you are meeting your legal obligations
And much more, including access to wealth management advice, IR35 reviews and pensions planning.
If you would like to appoint BackOffice HR Services as your accountants please either fill out our enquiry form