Tailored UK Services Ltd
- Promotor of Scheme: Tailored UK Services Ltd (TUSL), trading as Tailored Resourcing
- Address: 67 Grosvenor Street, Mayfair, London W1K 3JN (former address – Nova South 9th Floor, 160 Victoria Street, London SW1E 5LB)
- Publication Date: 19 January 2023
- Scheme Reference Number (SRN) and date it was allocated: 68185484, 8 August 2022
Tailored UK Services Ltd – more details
The HMRC website states the scheme operates as follows:
“Scheme users enter into an employment contract and a loan agreement with TUSL, providing their services to end clients, (sometimes through a recruitment agency). The employment contract provides that TUSL will pay the user a National Minimum Wage rate. The loan agreement with TUSL (Advance Deed) provides that TUSL will make an initial advance of up to £5,000 and further advances to the employee as they may think fit (Advance Payments). The Advance Payments are supposedly repayable within 18 months after receipt of the initial advance, but they are not repaid. TUSL invoices the recruitment agency or end client for the services carried out by the scheme users and retains between 10% to 12% of the invoiced amount, as their fee. Scheme users are then paid a salary with tax and National Insurance contributions (NICs) deducted, plus another payment under the “advance deed” without deduction of Income Tax or NICs.”
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