Atlas Outflows Limited

How the scheme works

HMRCsuspect scheme users sign a contract of employment and a secondary agreement with AOL, a company based in the Cayman Islands. AOL utilise the support of a UK umbrella company calledIUL, who enter into an agreement for administrative services with AOL.IULthen contract the scheme user’s services to an end client, sometimes via an intermediary/agency. The end client pays the intermediary/agency for the scheme user’s services, who in turn payIUL.IULpay AOL who then pay a salary to the scheme users, at the minimum rate permitted under the National Minimum Wage Act 1998, with Income Tax and National Insurance contributions (NICs) deducted. AOL also make a second payment to the scheme users, described as a loan and made pursuant to the secondary agreement, without deductions of Income Tax andNICs.

Directors

• Michael Faherty
• Matthew Thompson

Addresses

• AOL registered office: PO Box 2775,71 Fort Street, 3rd Floor, Grand Cayman, Cayman Islands
• AOL business/correspondence address: John Lancaster House, Main Road, Crosby, Isle of Man, IM4 4BN /IULregistered address: Initial Business Centre, Wilson Business Park, Manchester, M40 8WN

Connected Companies

• Inspired Umbrella Limited