#bills-of-exchange

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#hmrc #tax-avoidance-scams #umbrella-workers #paye-liabilities #uk-tax-avoidance #gig-economy #hmrc-enforcement
UK politics
fromBusiness Matters
14 hours ago

HMRC warns 700,000 umbrella workers over 'bills of exchange' tax avoidance scam

HMRC rejects Bills of Exchange as payment for tax liabilities and warns umbrella workers and clients to avoid schemes promoted in temporary labour.
UK news
fromLondon Business News | Londonlovesbusiness.com
14 hours ago

HMRC warns 700,000 flexible workers over 'Bills of Exchange' tax avoidance scheme - London Business News | Londonlovesbusiness.com

Bills of Exchange have no legal standing for settling UK tax liabilities, and participants remain fully responsible for unpaid tax, interest, and penalties.
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