Last year (2022), HMRC released a list of named tax avoidance schemes, which they have frequently added to. In January, the government added five tax avoidance schemes to the list, and this month, a further two – Canopaye Limited and Integra Resourcing Limited. Please keep reading for more information.
In a regularly updated corporate report entitled “Current list of named tax avoidance schemes, promoters, enablers and suppliers”, HMRC has been naming newly discovered tax avoidance schemes that contractors and freelancers should avoid. On 23rd February 2023, Canopaye Limited and Integra Resourcing Limited were added to the list, which now consists of over 35 companies. Below is the published information.
Canopaye Limited
- Promotor of Scheme: Canopaye Limited / Philip Jackson (director of Canopaye Limited) / Niall Bradley (previous director of Canopaye Limited)
- Address: Canopaye Limited, The Charter Building, Charter Place, Uxbridge, Surrey, UB8 1JG
- Publication Date: 23 February 2023
- HMRC’s Scheme Description (summary): “The arrangements involve users providing their services to end clients through Canopaye Limited (CL). The users also sign an agreement that sees the users grant CL an option on an Annuity Agreement. The result is the remuneration for their services is artificially separated into a salary and payments said to be in return for the option. No tax or National Insurance contributions are deducted in relation to the payments for the option.“
- For more information, please click here.
Integra Resourcing Limited
- Promotor of Scheme: Integra Resourcing Ltd – registered in Malta (‘IRL’) / Target Umbrella Ltd – registered in the UK (‘TUL’)
- Address: Integra Resourcing Limited, Block 12 Office M1 Suite 106, Tigne Place, Tigne Street, Sliema, Malta, SLM 7173 / Target Umbrella Limited, 6 Margaret Street, Newry, Northern Ireland, BT34 1DF
- Publication Date: 23 February 2023
- Scheme Reference Number (SRN) and date it was allocated: 79326711, 12 August 2022
- HMRC’s Scheme Description (summary): “Users sign separate employment contracts with Integra Resourcing Ltd (IRL) and Target Umbrella Ltd (TUL). Users also sign an ‘Overarching Agreement’ with IRL to provide ‘loans’ to the user. TUL sign a contract for services with the agency or the end client to provide the services of the user. TUL then invoices the end client for the work undertaken by the user. TUL pay users a salary in line with the National Minimum Wage Act for time worked and pays the remaining amount to IRL. IRL then pays the user a second nominal salary, per payroll run, usually below £10, and a larger amount, described as a ‘loan’. The ‘loan’ amount is not taxed.“
- For more information, please click here.
Please visit the government’s website for up to date information on named tax avoidance schemes
The corporate report on the government’s website is updated frequently, and it’s worth visiting on a regular basis. Please click on the following link to be taken to the report – Corporate report: Current list of named tax avoidance schemes, promoters, enablers and suppliers. More information is also available on our website – HMRC named and shamed tax avoidance schemes.
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