HMRC has added Spotlight 37 to its targeted list of tax avoidance schemes. This concerns a disguised remuneration scheme under which an umbrella company pays contractors partly in the form of redeemable loyalty points for advertising their services on a job board. No tax or NICs deductions are made on redemption of the loyalty points. HMRC says it will challenge all users of this scheme and any umbrella companies involved.
HMRC has added Spotlight 37 to its targeted list of tax avoidance schemes. This concerns a disguised remuneration scheme under which an umbrella company pays contractors partly in the form of redeemable loyalty points for advertising their services on a job board. No tax or NICs deductions are made on redemption of the loyalty points. HMRC says it will challenge all users of this scheme and any umbrella companies involved.
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