Tax avoidance schemes bringing industry into disrepute, says giant group Friday 29 May 2015 PDF Print Commenting on the BBC’s investigation of Anderson Group’s alleged ‘aggressive’ tax avoidance scheme, Matthew Brown, managing director of specialist service provider, giant group, says: “Companies and practices that utilise schemes to avoid paying tax and National Insurance contributions bring the entire industry into disrepute. We’re naturally concerned that these allegations tarnish all companies with the same brush, when the majority - including giant group - are operating in a completely compliant way. We welcome HMRC’s intentions to ‘pursue users and promoters of the scheme’ and to ensure that only organisations that are complying with regulations are allowed to operate in the sector.” “One method of preventing further incidents happening in the long term would be to simplify tax legislation. There are currently well over 1,100 tax relief schemes and removing many of these would prevent firms from being able to operate above the law. Thankfully, the Office of Tax Simplification has such a remit and a number of initiatives that aim to simplify this area come into force in April 2016. We’d encourage companies to engage with accredited members of trade associations, such as the FCSA, which ensure their members are reviewed against a publically available code that ensures standards are being adhered to. We hope all bad practice is stamped out quickly as incidents like this can really damage the reputation of the temporary recruitment service provider industry.” Note to editors Since 1992, giant has developed and delivered groundbreaking workforce management solutions to the recruitment market: • award-winning giant umbrella is the professional umbrella employer of choice for temporary workers, freelancers and contractors. Independently voted Best Umbrella employer five times by readers of Contractor UK. • giant precision is a suite of global back-office solutions designed to enhance your company’s performance. Through web-based services, giant precision spans HR contract management, timesheet management, payroll, billing and payroll disaster recovery. For more information, visit www.giantgroup.com or www.giantprecision.com Please contact Bruce Callander for any press enquiries: firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of BlueSky Public Relations Ltd in the following categories: Business & Finance, Education & Human Resources, Public Sector, Third Sector & Legal, for more information visit http://pressreleasewire.responsesource.com/about.