HMRC Takes Aim at Tax Avoidance – A Step in the Right Direction
Nathan Richardson, CEO of Subby, shares his thoughts on HMRC’s latest initiative to tackle tax avoidance schemes.
With a renewed focus on tackling unethical schemes that exploit workers and undermine fair competition, industry leaders are weighing in on what this means for contractors, agencies, and payroll providers.
Nathan Richardson, CEO of Subby, shares his perspective on why this move is long overdue and how Subby’s transparent, compliance-first approach sets the standard for a cleaner, fairer payroll market.
Nathan Richardson, CEO of Subby:
“We welcome HMRC’s focus on cracking down on unethical ‘umbrella payroll’ companies that damage the reputation of the entire payroll sector. Their recent publication on tackling non-compliance in the umbrella company market sheds light on how some agencies exploit temporary workers by manipulating pay structures and employment status to reduce their tax liabilities.
At Subby, we adopt a different approach. As a bona fide employment agent, we assume full responsibility for the employment status of our workers. We operate with complete transparency under the CIS scheme, providing our clients with peace of mind and guaranteed compliance.
We invest heavily in ensuring we meet and exceed our obligations, including accurately calculating and submitting tax to HMRC. We hope this crackdown marks the beginning of a cleaner, fairer industry where responsible businesses like Subby can thrive.”
If your business wants to stay on the right side of HMRC without the stress, risk, or guesswork then get in touch. Subby can help you protect your workforce, your reputation, and your bottom line.
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