HMRC Urges Self-Employed Contractors To Get Expert Accountancy Advice To Review Their Working Arrangements.

Are you a self-employed contractor? Do you frequently get work through the services of an agency? If the answer to either of these questions is yes, then you should be aware that HM Revenues and Customs is stepping up its tax crackdown on construction workers. Over the course of the previous financial year HMRC increased tax revenues in the sector by almost 55 per cent, from £78.9 million to £122 million. The latest advice comes as HMRC looks to step up the intensity of its campaign by targeting the practices of what it calls ineligible tax schemes. It is advising anyone involved in the sector to speak to their accountants and get an expert independent review of the current working arrangements.