It seems as if HMRC is updating the list of named tax avoidance schemes every other week. Most recently (31 August), three new tax avoidance schemes have been named – Griffith Anderson Limited, Omni Contractors PCC Limited and Umbrella Agency Limited. Keep reading for more information.
Omni Contractors PCC Limited (Saxonside Limited)
- Promotor of Scheme: Saxonside Limited (SAX)
- Connected: Saxonside Limited (SAX), Omni Contractors PCC Limited (OCP), Adam Fathers (director of SAX), Kirsty LeMarechal (former director of OCP)
- Address: Saxonside Limited: Centaur House, Ancells Road, Fleet GU51 2UJ / Omni Contractors PCC Limited: 2nd Floor, Murdoch Chambers, South Quay, Douglas, IoM, IM1 5AS
- Publication Date: 31 August
- Scheme Reference Number (SRN) and date it was allocated:92439361, 6 April 2022
- HMRC’s Scheme Description:“The scheme users enter into an employment contract with SAX and receive a share in OCP, a separate, protected cell company. The share is unique to the scheme user’s name. SAX pay the scheme user a National Minimum Wage (NMW) salary through the payroll and OCP makes an additional payment that is allegedly for the growth in the share’s value. This is paid without Income Tax and National Insurance Contributions deductions (NICs). SAX alleges that the payment will later be subject to capital gains tax (CGT), and they retain an amount that they will allegedly release back to scheme users to cover any future CGT liability. Scheme users retain around 71 to 73% of the expected gross contract value.”
The Umbrella Agency Limited & Griffith Anderson Limited
- Promotor of Scheme: The Umbrella Agency Limited
- Connected: The Umbrella Agency Limited (TUA) / Stuart John Brooke (director of The Umbrella Agency Limited) / Griffith Anderson Limited
- Address: The Umbrella Agency Limited: The Colmore Building 20 Colmore Circus, Queensway, Birmingham, England, B4 6AT / Griffith Anderson Limited: 7 Bell Yard, London, England, WC2A 2JR
- Publication Date: 31 August 2022
- HMRC’s Scheme Description: “The arrangements involve individuals providing their services to end clients through TUA and entering into an agreement that sees the individual grant TUA an option on an Annuity Agreement. The result is the remuneration for their services is artificially separated into salary as well as payments said to be in return for the option. The payments in relation to the annuity option are not subjected to tax and National Insurance contributions.”
- Click on the following link for more information about The Umbrella Agency Limited.
Visit the official government corporate report frequently to see the latest named tax avoidance schemes
You can visit the official government’s corporate report by clicking on the following link: Current list of named tax avoidance schemes, promoters, enablers and suppliers.
More information is available about the named tax avoidance schemes on our website, each with a dedicated webpage.
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