Stop notice 55

Arrangement details

The scheme users sign a Contract of Employment and Commercial Loan Agreement with a company based in the Isle of Man (Outsource Limited). Four UK Umbrella Companies (Inspired Umbrella Limited, Imagine Umbrella Limited, Total Payment Solutions Limited and Penguin Umbrella Limited) then enter into agreements for Administrative Services with Outsource Limited for the provision of the scheme user’s services. The UK umbrella companies then contract the scheme user’s services to a UK end client, sometimes via a UK intermediary/agency, who in turn pay the scheme user’s services. The UK umbrella companies pay the gross contracted value to Outsource Limited, and a fee is paid to the UK umbrella companies. Outsource Limited pay a salary at the minimum rate permitted under the National Minimum Wage Act 1998 to the scheme user and a payment, described as a loan, pursuant to the loan agreement, which is made without deductions of Income Tax or National Insurance contributions (NICs).

Promoter address

• 2nd Floor Bubble at Clinch’s, Lord Street, Douglas, Isle Of Man, IM1 4LN
• Inspired Umbrella Limited (In Liquidation) — former address: Initial Business Centre, Wilson Business Park, Manchester, M40 8WN
• Imagine Umbrella Limited (in liquidation) — former address: Piccadilly Business Centre, Unit C, Aldow Enterprise Park, Manchester, M12 6AE
• Total Payment Solutions Limited (In Liquidation) — former address: 307 Cotton Exchange, Old Hall Street, Liverpool, L3 9LQ
• Penguin Umbrella Limited (In Liquidation) — former address: 22-28 Wood Street, Doncaster, DN1 3LW