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Named Tax Avoidance Scheme published by HM Revenue & Customs
The arrangements involve individuals providing their services to end clients as employees ofFCL. The individuals receive payment made up of 2 elements for their services. The first element is a basic salary paid at a rate close to the minimum permitted under the National Minimum Wage Act 1998, which is subjected to deductions of Income Tax and National Insurance contributions (NICs). The individuals also receive a second element of their pay without deductions of Income Tax andNICs.
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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