The UK Government has been taking big steps to tackle tax avoidance over recent years and is clamping down on disguised remuneration schemes. Contractors and employers who had been in receipt of remuneration disguised as loans are facing tough penalties, with the 2019 Loan Charge targeting thousands who have used these schemes over the past two decades. Many contractors who worked for non-compliant umbrella companies may be affected by the Loan Charge.
Along with over 13 years experience in the contractor payroll industry, and after spending most of his working life as a financial advisor in the regulated financial services industry, Mike has garnered an extensive network of contacts in the recruitment industry, many of whom trust both him and the One Click Group to handle their accounting. Mike has also been a member of various industry bodies throughout the years, such as the British Institute of Recruiters, in order to champion best practices across the contractor payroll industry.