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The arrangements involve companies buying ‘advertising’ services fromB2Bto connect with other organisations viaB2B’s online platform. The companies claim Corporation Tax deductions for the amounts spent onB2Badvertising.B2Bthen return up to 80% of the advertisement spend to the associated directors or any person chosen by the company via the provision of prepaid debit cards without deductions by the company for Income tax or National Insurance contributions (NICs). These amounts are described as ‘loyalty points’ with every 1 point worth £1 to the individual.B2Buses other companies to attract and refer scheme users.B2Benter into ‘Introducer Agreements’ with persons who will introduce their clients toB2B’s representatives and theB2Bproposal. As per their Introducer Agreement, the companies receive fees based on a fixed percentage of the amounts spent by their clients on theB2Barrangements.
PaySentry automatically checks your umbrella partners against HMRC named schemes and stop notices, and alerts you to any match.
See Umbrella Watchdog