Pay Fair Tax
Estimated tax gap arising from companies not paying their fair share of tax.
of the public trust businesses ‘a great deal’ when it comes to paying tax.
The biggest concern raised by the public in research carried out by the Institute of Business Ethics.
of people would rather shop with businesses that can prove they are paying their fair share of tax.
of people would rather work for businesses that can prove they are paying their fair share of tax.
Why Paying Fair Tax Matters
Businesses benefit from a workforce educated in schools and cared for by the health service, as well as from well-maintained roads and many other parts of the state’s infrastructure that enable companies to do business.
Our Stance On – Mini Umbrella Companies
MUCs (Mini Umbrella Companies) operate by splitting up temporary employment workers into hundreds, or even thousands, of small, limited companies, set up with the sole purpose of carrying out tax avoidance. Temporary workers do not typically know they are employed by an MUC and are frequently moved between MUCs to help bosses maximise profits from the fraud.
Mini Umbrella Companies commit fraud by reducing PAYE, National Insurance, and VAT paid to HMRC, when paying temporary workers. It is important that GBC members are aware of the risk they pose and do their due diligence to ensure that there are no MUCs in their supply chain. Further guidance is available from HMRC.