As per The Times social and health workers and IT contractors who face five-figure penalties for tax avoidance have submitted a petition to parliament demanding that the taxman halt action against them.
HMRC is seeking money owed by almost 100,000 contractors who used “disguised remuneration” and similar schemes going back to 1999 that involved avoiding national insurance or income tax. Some face bills of up to £900,000.
The contractors, most of whom work in IT or healthcare, claim that they were duped into believing that the schemes, which typically involve employers making payments to a trust that makes an interest-free “loan” to the contractor, were within the law.
Tax does have to be taxing.
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