Burnham Resources Reports: HMRC Defeats Avoidance Scheme in Tribunal
HMRC defeated a complex tax avoidance scheme, mainly used by property developers and IT contractors, at Tribunal.
Egham, UK, October 26, 2015 (Newswire.com) - Burnham Resources, an outplacement consultancy that provides payroll staff to businesses in the UK, has recently released a news article about the HM Revenue and Customs (HMRC) having defeated a complex tax avoidance scheme at Tribunal mainly used by property developers and IT contractors.
The Tribunal’s decision in favour of HMRC means that the property developers and IT contractors, who were the main users of the scheme, now collectively owe HMRC up to £200m unpaid tax.
More information about the Burnham Resources news article is available at http://www.burnhamresources.co.uk/hmrc-defeats-avoidance-scheme-in-tribunal/.
Burnham Resources hopes that this news article will urge business employers to keep up-to-date on all tax and payroll regulations by choosing the right payroll staff.
About the HMRC:
Her Majesty's Revenue and Customs (HM Revenue and Customs or HMRC) is a non-ministerial department of the UK Government responsible for the collection of taxes, the payment of some forms of state support, and the administration of other regulatory regimes including the national minimum wage.
About Burnham Resources:
Burnham Resources is one of the leading payroll recruitment agencies, specialising in recruiting payroll and Human Resources (HR) professionals for both the UK private and public sectors. Based in Egham, Surrey, they provide a specialist recruitment service to candidates and clients throughout the UK. http://www.burnhamresources.co.uk/about-us/.