Invidia Limited

How the scheme works

HMRCsuspect scheme users sign a contract of employment and a ‘secondary agreement’ with Invidia Limited, a company based in the Cayman Islands. Invidia Limited utilise the support of a UK umbrella company, either Inspired Umbrella Limited (IUL), Total Payment Solutions Limited or Penguin Umbrella Limited (PUL), who enter into an agreement for administrative services with Invidia Limited. 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 pay Invidia Limited who 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. Invidia Limited also make a second payment to the scheme users, made pursuant to the secondary agreement, without deductions of Income Tax andNICs.

Directors

• Thomas Tidy
• Matthew Thompson (director ofIUL) /David Morley
• David Smith

Addresses

• Registered address of Invidia Limited: WB Corporate Services (Cayman) Ltd, PO Box 2775,71 Fort Street, 3rd Floor, George Town, Grand Cayman, KY1-1111, Cayman Islands
• Business/correspondence address of Invidia Limited: All Saints Church, Alexander Drive, Douglas, Isle of Man, IM2 3QH
• Previous registered address ofIUL: Initial Business Centre, Wilson Business Park, Manchester, M40 8WN
• Previous registered address of Total Payment Solutions Limited: International House, 307 Cotton Exchange, Old Hall Street, Liverpool, L3 9LQ
• Previous registered address ofPUL: International House, 22 to 28 Wood Street, Doncaster, DN1 3LW

Connected companies

• Inspired Umbrella Limited
• Total Payment Solutions Limited
• Penguin Umbrella Limited