A recent review has found that HMRC’s “check employment status for tax” (CEST) tool is routinely misleading contractors and the self-employed.
The online tool should give clarity over employment status, however, in nearly half of cases, it is erroneously shows that self-employed individuals fall inside IR35 rules.
Further investigations found that HMRC has evaluated just 24 tribunal cases as a feature of CEST testing, demonstrating that HMRC is not ensuring that the right amount of tax is collected and leading individuals into false employment.
Whether you are in business as an individual or as a corporate, you will want to ensure that you pay no more tax than you are legally bound to do.
Our experts at Beavis Morgan can ensure your tax affairs are as efficient as possible to fit your circumstances. In addition, we can look ahead to retirement and inheritance tax planning.
In addition, if you are concerned about a tax enquiry into your affairs, worried that you may have possibly under declared or, worse still, you are already under enquiry, our tax specialists, some of whom are former HMRC Inspector of Taxes, are well versed in dealing with all types of tax issues.
We are also readily available to oversee HMRC disputes on your behalf, as well as to represent clients in appeal proceedings before the Tax Tribunal. In some situations, we can also offer professional fee protection insurance, so the costs are covered in whole or in part.
For more information and to discuss your tax affairs in further detail, contact your usual Beavis Morgan Partner.