Nicely Paid Limited
- Promotor of Scheme: Nicely Paid Limited (NPL)
- Address: Scottish Provident Building, 7 Donegall Square West, Belfast BT1 6JH
- Publication Date: 29 September 2022
- Scheme Reference Number (SRN) and date it was allocated: 86426558, 28 January 2022
- HMRC’s Scheme Description (summary): “Users of the scheme would receive their gross contract value in 2 separate payments. The first element was a salary paid via NPL. This was generally paid at National Minimum Wage (NMW). The second payment was by way of a loan. It did not go through PAYE and was made as a separate payment.”
Nicely Paid Limited – more details
The HMRC website states the scheme operates as follows:
- Nicely Paid Limited (NPL) invoiced the employment agency or end users for the work carried out by the scheme users.
- NPL deducted its fee from the gross amount.
- NPL made one payment equalling National Minimum Wage that was taxed under PAYE.
- NPL made a second payment on the same day for the remaining balance of the invoiced amount as an amount of credit under a Revolving Line of Credit Agreement. NPL did not operate PAYE on this second payment.
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