The Chartered Institute of Payroll Professionals
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Four more names added to HMRC’s tax avoidance promotor list Published: 29 June 2023 Emailed: 5 July 2023
HM Revenue and Customs (HMRC) has added four more names to its list of named tax avoidance schemes, promoters, enablers and suppliers.
The companies are:
Bluemoore Associates Ltd
• • • •
Compliant Pay Ltd/Ultimate Planning Ltd
PAYE Services Limited Resource Hubco Limited.
All these sechemes were operated in such a way that a payment was made to users at or near National Minimum Wage with the appropriate tax and National Insurance deducted. However, an additional payment was made without deductions in each case, with different terminology as to what the payment was intended to be. HMRC deemed this to be disguised remuneration, and so have ended up on the list.
Peak PAYE Limited has also been added to the list for receiving a stop notice, although no further action has yet been taken against this company.
It is important to keep an eye out for signs of tax avoidance. HMRC provides a range of guidance and help to assist you in this area.
facility (WDF) is also available for offshore issues, but does not offer any protection from prosecution.
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Additions to the tax avoidance schemes list Published: 5 July 2023 Emailed: 12 July 2023
HM Revenue and Customs (HMRC) has updated the list of named tax avoidance schemes, promoters, enablers and suppliers.
The below schemes have been added as of 5 July 2023: • Vision HR Solutions Ltd - scheme users provide services to end clients through Vision HR Solutions Ltd (a Maltese company) and Vision Human Resource Solutions Ltd (its UK nominee and agent). The users enter into an agreement that grants Vision HR Solutions Ltd (Malta) an option on an annuity agreement. The remuneration for their services is artificially separated into salary and payments said to be in return for the option. The payments said to be in relation to the annuity option are made without the deduction of income tax and National Insurance contributions (NICs) • Veqta Ltd - scheme users provide services to end clients through Veqta Ltd (a Maltese company) and its UK nominee and agent. The users enter into an agreement that grants Veqta Ltd (Malta) an option on an annuity agreement. The remuneration for their services is artificially separated into salary and payments said to be in return for the option. The payments said to be in relation to the annuity option are made without the deduction of income tax and NICs. HMRC has issued a policy paper, briefing information about disguised remuneration avoidance schemes and how people can settle their use of them and/or pay the loan charge that has been introduced to tackle their use. Disguised remuneration schemes are arrangements that pay loans instead of ordinary income to avoid income tax and NICs. The loan charge has been introduced to tackle the use of disguised remuneration schemes. People who anticipate having difficulty paying what they owe under the loan charge will be able to agree a manageable payment plan with HMRC depending on individual circumstances. There is no limit, and people will be given as long as they need to pay what they owe.
The list of tax avoidance schemes subject to a Stop Notice is also accessible, here.
cipp.org.uk
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