The period of consultation that related to Travel and Subsistence expenses for Contractors completed on the 13th October. In that time Parasol had met with HM Treasury more than once and had worked with the Service Providers Association (SPA) to ensure that the “compliance” message was heard.
As the founder and Managing Director of probably the UK’s largest Umbrella company, I have been frustrated at the apparent inability of the UK tax authorities to prevent offshore Umbrella companies from setting up aggressive structures. These structures rely on the secrecy afforded to them from operating from bases outside of the UK rather than by implementing compliant structures which meet both the spirit as well as letter of the UK tax system.