HMRC have published the name of five tax avoidance schemes in their updated list of named tax avoidance schemes, promoters, enablers and suppliers.
Three are promoted by AML Tax (UK) Ltd, a company that was fined £150,000 last year for failing to provide HMRC with legally required information as part of a tax investigation.
The three AML schemes are:
- Annuity Arrangements, AML Tax (UK) Limited, 1st Floor, Blackfriars House, Parsonage, Manchester, M3 2JA;
- AML Prefunded EBT, AML Tax (UK) Limited, 1st Floor, Blackfriars House, Parsonage, Manchester, M3 2JA; and
- AML Split Contract, AML Tax (UK) Limited, 1st Floor, Blackfriars House, Parsonage, Manchester, M3 2JA.
The other two schemes are:
- Enhanced Umbrella, Tailored UK Services Ltd, trading as Tailored Resourcing, 67 Grosvenor Street, Mayfair, London, W1K 3JN; and
- Able Ltd / Contractor Central Accounting Ltd – Able Ltd: 2nd Floor, Queen Victoria House, Victoria Street, Douglas, Isle of Man, IM1 2LF / Contractor Central Accounting Ltd: The Axis Building Maingate, Team Valley Trading Estate, Gateshead, England, NE11 0NQ.
All of the schemes seek to disguise remuneration, which HMRC classes as tax avoidance.
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