Loading...
Loading...
The scheme users sign a Contract of Employment and Commercial Loan Agreement with Engage Limited (EL), a company based in the Isle of Man. A UK umbrella company, Inspired Umbrella Ltd (IUL), then enters into an ‘Agreement for Administrative Services’ withELand contracts the scheme user’s services to a UK intermediary/agency. The UK intermediary/agency then contracts the scheme user’s services to the end client. The end client pays the UK intermediary/agency for the scheme user’s services, who in turn payIUL.IULthen invoiceELto obtain a fee for their services.IULthen send the money for the scheme user’s services toEL.ELpays the scheme users a National Minimum Wage /National Living Wage rate salary with Income Tax and National Insurance Contributions (NICs) deducted, and a payment, described as a loan, pursuant to the ‘Loan Agreement’, which is made without deductions of Income Tax orNICs.
PaySentry automatically checks your umbrella partners against HMRC named schemes and stop notices, and alerts you to any match.
See Umbrella Watchdog