Hive Umbrella Ltd

Promotor of Scheme: Hive Umbrella Ltd (HUL)
Address: Hive Umbrella Ltd, Adamson House, Towers Business Park, Wilmslow Road, Didsbury, Manchester M20 2YY
Publication Date: 2 March 2023
Scheme Reference Number (SRN) and date it was allocated: 07889152, 4 August 2022
HMRC’s Scheme Description (summary): “The scheme user enters into an employment contract with Hive Umbrella Ltd (HUL). The contract states the user will be paid at the National Minimum Wage (NMW) and may be entitled to ‘Ad hoc Pay Advances’. This ‘advance’ represents an interest free debt (to HUL) which is offset against a future bonus when HUL decide to grant it to the user, eliminating the debt. Advances are made to the user during each payroll cycle for their work, and an administration fee is charged by HUL. The scheme user undertakes work for an agency/end client and submits timesheets to HUL, who invoice the agency for the work done. The scheme user then receives a single payment from HUL which consists of two elements. The first element is the NMW salary with tax and National Insurance contributions paid. The second element, described as ‘advance drawn down’ is not taxed”.

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