by ClearwaysAccountants | Sep 7, 2016 | Contractor, Pay, Expenses & Benefits, Tax planning
Contractor Loan Schemes and HMRC HMRC have featured contractor loan schemes in their Spotlights series. “Spotlights” are the schemes that HMRC have looked at and determined that (a) they don’t like them; and (b) they don’t work. As a result...
by ClearwaysAccountants | Oct 15, 2014 | Contractor, Self Employment
A contractor loan scheme is a tax avoidance arrangement where non-UK employers have paid you untaxed income or given you a loan instead of part of your salary. If you’ve taken part in a contractor loan scheme you may still have to pay Income Tax on the loan....
