Orange Genie News

Tax Avoidance

Tax avoidance and evasion has been a hot topic for a while now, and there’s a reason why we and other responsible industry experts keep bringing it up. With the usual pressure on rates and IR35 issues plaguing the public sector, many contractors are looking for ways to maximise their incomes and that makes them vulnerable.

Minimum Wage

What is the National Minimum Wage?

The National Minimum Wage and National Living Wage set out the minimum hourly rate a UK worker must receive.

The rates are updated annually, usually at the start of each tax year on the 6th of April, and they vary depending on the age of the worker.

 

 

 

 

The Self-Assessment deadline is fast approaching! Irrespective of whether you have a liability or not, if your Self-Assessment return is not submitted by 31st January 2019 you will be facing a minimum penalty of £100! 

Orange Genie Rewards has been encouraging contractors to get more out of life and saving them money for over a year now, and we’re rightly proud of the impact it’s had. Whether it’s your free monthly cup of coffee, discounted cinema tickets or one of the hundreds of other benefits, it’s important to give yourself a treat every now and then. 

Offshore tax avoidance

On 16 March 2018, HMRC published new guidance on offences relating to tax avoidance on offshore income. These offences started to apply from 6th April 2017 onward. It is now a criminal offence if you:

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