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The arrangements involve individuals providing their services to end clients or agencies through Rainbowpay Ltd who operate the payroll. The individuals also enter into an agreement with Company Y based in Cyprus where individuals grant Company Y the option to enter an Annuity Agreement in exchange for payments (the Grantee Payments).
PaySentry automatically checks your umbrella partners against HMRC named schemes and stop notices, and alerts you to any match.
See Umbrella Watchdog