Stop notice 8

Arrangement details

The user enters into a contract of employment with Company X. This contract provides that the users wages will be at the applicable National Minimum Wage (or, if applicable, the National Living Wage) rate, unless the employee assignment schedule states otherwise.; The user enters into a second agreement called the employee cash flow facility. This is essentially a loan between the user and Company X and allows Company X to provide unsecured advances to the user.; Company X enter into a contract for services with end users.; The user enters into a Co-ownership (Co-op) agreement with Company X and the trustee of the Company X employee share ownership trust.; Company X pay the user wages at the National Minimum Wage or National Living Wage. This payment is taxed underPAYE.; Company X pay advances to the user as per the employee cash flow facility. These payments are not taxed underPAYE.