Umbrella Requirements Ltd

How the scheme works

Scheme users sign an employment contract withURL.URLinvoice the end clients and agencies for the provision of the scheme users’ services.URLthen pays the scheme users a salary at about the rate of National Minimum Wage (NMW) with Income Tax and National Insurance contributions (NICs) deducted. On or around the same day,BWMmake a larger payment to scheme users. This payment is said to be made on behalf of a trust administered byPASLbut without the deduction of Income Tax andNICs. It isHMRC’s view that the payment made byBWMis part of the remuneration for the scheme users services and should be subject to income tax andNICs.

Addresses

• URL: Grosvenor St Pauls, St. Pauls Square, Birmingham, B3 1RB /BWM: Cromwell House, Ground Floor, 117 Albert Street, Belize City, Belize — also, Suite 11, Penhurst House, 352-356 Battersea Park Road, London, SW11 3BY /PASL: Cromwell House, Ground Floor, 117 Albert Street, Belize City, Belize — also, Room 19, 70 West Regent Street, Glasgow, G2 2QZ

Connected companies

• Umbrella Requirements Ltd (URL) (Company registration number: 08184119) /BWMLimited (BWM)
• Portfolio Admin Services Limited (PASL)