HMRC crackdown on false self-employment nets £122m in tax

Businesses in Northern Ireland and the rest of the UK have paid HMRC an extra £122 million as a direct result of a crackdown on false self-employment in the construction industry.

False self-employment allows businesses to avoid paying PAYE taxes and giving benefits to workers, such as pensions and redundancy. If found guilty these same businesses are then liable for the full amount of unpaid tax and national insurance contributions, as well as interest and additional financial penalties.

Liam Coulter, head of tax at Wilson Nesbitt Solicitors said that “If businesses are unsure whether or not self employed status should be applied then the first thing they should do is seek professional advice as an incorrect decision can turn out to be very costly”.

Wilson Nesbitt Solicitors based in Belfast, Northern Ireland can assist you with your tax compliance issues and assist if you are issued with a tax enquiry. If you need to talk with one of our tax advisors please contact us by calling 0800 840 9288.