At TJW Contract Solutions Limited, we understand how important it is for our contractors and agency partners to operate in a safe, compliant environment. It’s the primary reason we have our Professional Passport compliance accreditation, which ensures that we comply with UK tax law and the highest industry standards.
However, some companies within the umbrella sector still promote and operate fraudulent schemes that pose a risk to contractors and recruitment agencies. One such scheme is mini umbrella company fraud.
What is Mini Umbrella Company Fraud?
Mini umbrella company fraud occurs when unscrupulous companies create multiple small limited companies to exploit tax loopholes such as the VAT flat rate scheme and the employment allowance for small businesses. These, in turn, reduce the amount of taxes and National Insurance contributions paid. This places temporary workers and recruitment agencies at serious risk, as they may unknowingly become involved in schemes deemed illegal by HMRC.
The risks posed by mini umbrella schemes are so severe that HMRC has produced a set of guidance notes to help contractors and agencies spot the warning signs: - https://www.gov.uk/guidance/mini-umbrella-company-fraud.
TJW Offers a Reliable, Compliant and Low-Risk Umbrella Payroll Solution
At TJW, we prioritise our customers' welfare and financial security, which is why we maintain strict compliance with all HMRC guidelines. Our payroll services are designed to be transparent, ensuring that both workers and agencies can operate with peace of mind, knowing they are using a fully compliant umbrella company.
We understand how damaging involvement with fraudulent companies can be to your reputation and finances. That’s why we take our role seriously in offering a reliable, low-risk solution that protects your interests.
By choosing TJW, you are selecting a trusted payroll partner that prioritises your security and well-being. Our mission is to help you avoid the pitfalls of mini umbrella company fraud and other tax avoidance schemes, providing a safe environment for you to focus on your work or business.
If you are worried about mini umbrella company fraud or other tax avoidance schemes, our team is here to help. Feel free to reach out to us, and we’ll be happy to offer advice or assistance. Together, we can work to protect your business and career from unnecessary risks.
Contact the team now on 01784 270300.
Alternatively, visit our website at https://www.tjwcontracts.co.uk/ or follow us on LinkedIn.
