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Named Tax Avoidance Scheme published by HM Revenue & Customs
The arrangements involve individuals providing their services to end clients or agencies through AUL and entering into an agreement where individuals grant ADYE Ltd a right to enter an Annuity Agreement in exchange for payments (the ‘Grantee Payments’). The individuals receive payment from AUL, however, tax and National Insurance contributions (NICs) are only deducted on a small part of the amount. This is evidenced on the payslips and figures reported toHMRC. It isHMRC’s view, that the larger amount, paid without deduction of tax andNICswas for the ‘Grantee Payments’, but is paid by AUL on behalf of ADYE Ltd. It is alsoHMRC’s view that the ‘Grantee Payments’ were additional disguised income for the services individuals provided through AUL, and therefore the entire payment should be subject to tax andNICs.
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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