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ITEPA
I received this from my agency today
Good afternoon,
As you may be aware, the HMRC have put in place new legislation to counteract tax avoidance and reduce 'false self-employment.' This includes The Income Tax (Pay as you Earn) (Amendment No.2) Regulations 2015 (“ITEPA”) reporting requirements which come into force on 6th April 2015.
What does this mean?
From 6th April 2015 all UK recruitment firms will be legally required to submit quarterly reports to the HMRC detailing the gross payments made to their contractors. HMRC will also require the name, address and National Insurance numbers for each individual.
This will affect all contractors engaged via personal service companies or via umbrella companies who have not been subject to PAYE deductions. This information will be submitted to the HMRC via their online system and will be held securely.
HMRC's have issued further guidance on the new reporting regulations which can be found here:
https://www.gov.uk/government/public...g-requirements
What do you need to do?
1. Provide your information - In order for us to be able to provide accurate reports to the HMRC please can you provide the below information by e-mail to:
xxxxxxx by Friday 17th April 2015.
Although we may already hold this information on file we need to verify that this is correct and up to date.
National Insurance Number (if you do not have an NI number please provide your date of birth and gender) Please complete
Home Address (including postcode) Please complete
Please note: All information and personal data is held securely and will not be retained for longer than necessary and all such information and data will be securely disposed of when no longer needed. No candidate personal data shall be used for any purpose other than to comply with the terms of your individual agreement with the client and meet RSG's legal and contractual obligations including its reporting obligations to HMRC under The Income Tax (Pay as You Earn)(Amendment No.2) Regulations 2015 (“ITEPA”) and to third parties to enable them to meet their reporting obligations under ITEPA. By responding to this email you are deemed to consent to us providing the information in this manner
Has anyone else had anything similar ?
Note that I am operating outside IR35 via a limited company and have passed it on to my ccountant for advice but would be interested in others experiences and views
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