09 August 2024
HM Revenue and Customs’ (HMRC’s) list of named tax avoidance schemes, promoters, enablers and suppliers has been updated with seven new additions.
The new additions are:
- Acquda Limited
- Balance Bay Limited
- On the Box Pay Ltd
- Rosewood WM IO Services Ltd
- RW Operations Ltd
- Whitebridge Management Ltd
- Your PAYE Limited
You can view the full reasoning behind HMRC’s decision on the page, however, all seven of the named companies used a similar method. A payment is made at or close to minimum wage, which is processed through a payroll with tax and national insurance deductions taken. A second payment, through a number of different guises, is also made with no deductions taken, it is HMRC’s view that these payments also constitute normal earnings and should therefore have had deductions made.
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