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Yesterday, the Government updated its list of named tax avoidance schemes, promoters, enablers and suppliers. The newest company added is Manchester-based Charteris Management Ltd alongside its sister-companies Taurus Limited, Howe Consultancy Limited, Griffith Anderson Limited, Integra Resourcing Ltd, Jeceris Limited and Ombros Solutions Limited.
Charteris Management describes itself as a “hassle-free, comprehensive umbrella company, offering nationwide service to all sectors and industries in the UK” and promising employees peace of mind and security.
HM Revenue & Customs (HMRC) claims that scheme users enter into an employment contract with Charteris Management Ltd (CML), providing their services to end clients through CML, sometimes via an agency. The scheme users may also sign a separate contract with a second party at the same time. CML will invoice the end client or agency for the work and, after deducting a fee, pay the scheme user a salary at, or just above the National Minimum Wage and then pay the remaining funds to the second party. This is disguised as an ‘introducer fee’, as CML claim the second party introduced the scheme user to CML. The second party, after deducting a fee, then makes a larger payment to the scheme user, which may be labelled as a ‘loan’, ‘option’, or something else. Tax and National Insurance contributions are not paid on the second payment to the user.
While CML claim the payment to the second party is an “introducer fee”, these payments can clearly be seen as the balance of the amount the user raises on the timesheet they send to CML, most of which is to be paid on to the user by the second party and the rest retained by the second party as a fee. Tax and National Insurance contributions have not been paid on this second payment to the user. The scheme is targeted predominantly at physiotherapists, radiographers, nurses and social workers.
The full list of named tax avoidance schemes, promoters, enablers and suppliers (in alphabetical order) is:
HMRC strongly advises anyone using any of the schemes shown above to withdraw from them and to settle their tax affairs to prevent building up a large tax bill.
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