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Named Tax Avoidance Scheme published by HM Revenue & Customs
Scheme Users are employed byCBLand provide services to end clients. Users take part in a Bonus Arrangement andCBLpay advances to users on the bonus pot. Users then receive payment fromCBLwhich consists of 2 elements. The first element is a salary with tax and National Insurance contributions (NICs) deducted, and the second element is an ‘advance’ without tax andNICsdeducted.CBLclaim that the advances are repaid wholly or partly, as bonus payments are made at some time in the future.
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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