Able Ltd / Contractor Central Accounting Ltd (CCAL)
- Promotor of Scheme: Able Ltd (incorporated in Isle of Man) / Contractor Central Accounting Ltd (CCAL)
- Address: Able Ltd: 2nd Floor, Queen Victoria House, Victoria Street, Douglas, Isle of Man IM1 2LF / Contractor Central Accounting Ltd (CCAL): The Axis Building Maingate, Team Valley Trading Estate, Gateshead, England NE11 0NQ
- Publication Date: 19 January 2023
- Scheme Reference Number (SRN) and date it was allocated: 33669539, 10 June 2022
Able Ltd / Contractor Central Accounting Ltd (CCAL) – more details
The HMRC website states the scheme operates as follows:
“Scheme user signs an employment contract and a “Commercial loan Agreement” with Able, an umbrella company registered in the Isle of Man. CCAL, a UK based company, provides onshore support to Able. The user will submit timesheets to CCAL for the work they do for an end client /agency. CCAL will invoice the end client/agency for the user’s work and take receipt of payment from them. CCAL will transfer the payment to Able who then makes a salary payment to scheme users at a rate equivalent to the National Minimum Wage which is taxed, and a second payment, described as a loan, without tax and National Insurance contributions deducted.“
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