HMRC has updated their list of named tax avoidance schemes and promoters, with the following additions:
Pay Rec Limited
Prime Umbrella Services Ltd
Please remember that there are many more schemes out there so you can’t solely rely on HMRC’s list, but it is a good starting point.
HMRC started publishing their list of named tax avoidance schemes in April 2022, and we were initially a very keen supporter of it. However a farcical arrangement has since become apparent whereby HMRC removes companies from the list after they have been on it for 12 months.
This means that it is never up to date, as the naming of schemes only lasts for one year – after which the promoters are removed and have effectively got away with it.