28 November 2024
HM Revenue and Customs (HMRC) has added four new names to the list of named tax avoidance schemes, promotors, enablers and suppliers. Additions seem to be becoming a regular occurrence with the previous updates coming only a week earlier.
The four new companies are:
- Astra Limited (Incorporated in Isle of Man)
- Greenlight Payroll Services Limited
- Clear Water Administration Limited
- Titan Payment Solutions Limited
Each addition follows the familiar pattern of a payment at or near National Minimum Wage (NMW) followed by an additional payment that was not subject to tax or National Insurance. Obviously, HMRC view this additional payment as earnings and not treated correctly for tax purposes.
HMRC has also published Spotlight 64 aimed at Employment agencies, warning them about their use of non-compliant umbrella companies and the potential consequences.