It is no secret that HMR&C have actively begun to crack down on umbrella companies who are viewed to be abusing their dispensations.

We understand that HMR&C do not have an ambition to close every provider within the industry. Where they perceive a provider to be acting in a compliant manner, HMR&C have a willingness to work with that business to ensure it is maintained.

Danbro, an award winning accountancy practice are delighted to be one of only a select few to be given 100% compliancy status following a recent visit from HMR&C.

A spokesperson for Danbro explained “We have always recognised the importance of maintaining our compliant ethos, even through times where other non-compliant providers were wowing many contractors with their ‘too good to be true’ offerings, we remained fully committed to adhering to HMR&C legislation and dispensation agreements”

Not only is it important for contractor’s to ensure they use a fully compliant umbrella company like Danbro, but it’s equally important for recruitment agencies too.

HMR&C have made their intentions clear - those contractors that abuse expense policies face additional tax liabilities, penalties of up to 100% of the amount owed, plus interest. As already stated, it is equally important for recruitment agencies to ensure that any umbrella provider that they recommend, whether officially or informally, is totally compliant. If they recommend their candidates to use the services of a non -compliant umbrella company, they could face action from those

Danbro have put robust measures in place - from educating the newest of contractors on the importance of making legitimate claims, to developing presentations on the value a of selecting a complaint provider. Danbro remain committed to total compliancy. This has now been confirmed by HMR&C giving Danbro the thumbs up.

If you would like to be sent a presentation on the main issues surrounding compliancy and how it could affect you, please request at news@danbro.co.uk