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Stop Notice published by HM Revenue & Customs
The scheme user enters an employment contract with Company X who make composite payments to the Scheme Users for services provided by the user. The first element is a National Minimum Wage (NMW) / National Living Wage (NLW) salary that is subjected to tax and National Insurance contributions (NICs), and a secondary element described as an ‘advance drawn down’ which is not.; The arrangements can be broken down into the following steps:
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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