Today's news of Business Secretary Vince Cable being penalised by the Revenue for failing to pay up to £25,000 in VAT may have caught the eye of many contractors.
The £500 penalty was for late payment of tax on earnings from media work in 2009-10.
Mr Cable's spokesperson said all his tax affairs were "above board" and the penalty had been reduced by 50% because his liabilities were settled quickly. A No 10 spokesman said Mr Cable had "rectified an oversight" and the matter had been dealt with.
One of the benefits for contractors using an umbrella company such as Tarpon is to know that all PAYE & NIC deductions are up to date.
