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Named Tax Avoidance Scheme published by HM Revenue & Customs
The scheme users’ total remuneration for their contracts withASLis artificially separated into 2 elements. The first element is a salary with Income Tax and National Insurance contributions (NICs) deducted. The second element is paid without deduction of Income Tax andNICsbyASLand it is claimed to not count as employment income, as it is claimed to be paid by virtue of a conditional annuity purchase agreement.
PaySentry automatically checks your umbrella company partners against HMRC Named Tax Avoidance Schemes and Stop Notices, alerting you to any matches.
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