Atlas Outflows Limited

How the scheme works

HMRCsuspect scheme users sign a contract of employment and a secondary agreement with Atlas Outflows Limited (AOL), a company based in the Cayman Islands.AOLutilise the support of a UK umbrella company, either Inspired Umbrella Limited (IUL), Total Payment Solutions Limited (TPS) or Penguin Umbrella Limited (PUL), who enter into an agreement for administrative services withAOL. The UK umbrella company then contracts 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 pay the UK umbrella company. The UK umbrella company payAOLwho then pay a salary at the minimum rate permitted under the National Minimum Wage Act 1998, to the scheme users with Income Tax and National Insurance contributions (NICs) deducted.AOLalso 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
• David Morley
• David Smith

Addresses

• AOLregistered office: PO Box 2775,71 Fort Street, 3rd Floor, Grand Cayman, Cayman Islands /AOLbusiness/correspondence address: John Lancaster House, Main Road, Crosby, Isle of Man, IM4 4BN
• PreviousIULregistered address: Initial Business Centre, Wilson Business Park, Manchester, M40 8WN
• PreviousTPSregistered address: International House, 307 Cotton Exchange, Old Hall Street, Liverpool, L3 9LQ
• PreviousPULregistered address: International House, 22 to 28 Wood Street, Doncaster, DN1 3LW

Connected companies

• Inspired Umbrella Limited (IUL)
• Total Payment Solutions Limited (TPS)
• Penguin Umbrella Limited (PUL)