Loading...
Loading...
Stop Notice published by HM Revenue & Customs
The arrangements involve individuals providing their services to end clients through Company X. The individuals receive 2 payments from Company X on the same date. The first payment is salary paid at a rate close to the minimum permitted under the National Minimum Wage Act 1998, with Income Tax and National Insurance contributions (NICs) deducted. The second payment, described as a ‘Withdrawal amount’ against the individuals company incentive plan report, is paid without the deduction 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.
Start Your Audit