Denmedical UK Limited / AML Tax (UK) Limited (AML)
- Promotor of Scheme: AML Tax (UK) Limited (AML) / Denmedical UK Limited
- Address: 1st Floor Blackfriars, Parsonage, Manchester M3 2JA (address same for both promoters / suppliers)
- Publication Date: 19 January 2023
- Scheme Reference Number (SRN) and date it was allocated: 15062269, 18 July 2022
Denmedical UK Limited / AML Tax (UK) Limited (AML) – more details
The HMRC website states the scheme operates as follows:
“AML Tax (UK) Limited and Denmedical UK Limited promote the same scheme. A limited company splits the services provided by its director (the ‘scheme user’) into ‘fiduciary services’ and ‘consultancy services’. An offshore company contracts with the scheme user to supply their consultancy services to the limited company via the offshore company. The scheme user also signs a loan agreement with the offshore company in their capacity as trustee of a linked benefit trust. The scheme user is paid a notional salary from the limited company for fiduciary services, a loan from the linked trust and a notional retainer payment from the offshore company. The retainer payment and loan are both claimed to relate to ‘self-employed consultancy services’. The loan is made without Income Tax or National Insurance contributions deducted.”
For more information, visit the following page on the government’s website: Current list of named tax avoidance schemes, promoters, enablers and suppliers.
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