Home Business News HMRC names and shames three tax avoidance schemes

HMRC names and shames three tax avoidance schemes

by LLB Finance Reporter
25th Sep 23 12:57 pm

A London-registered firm specialising in a payroll service for contractors and freelancers has today (25 September 2023) been named as a promoter of a tax avoidance scheme.

Edge Umbrella Limited had previously come under scrutiny from the Advertising Standards Agency (ASA) earlier this year for “making misleading claims and omissions for the tax arrangements” they were marketing on their website.

HMRC has also added two more companies to its list of named tax avoidance schemes, promoters, enablers and suppliers. The full list of those added today are:

  • Edge Umbrella Limited of 78 York Street, London, W1H 1DP
  • Olympus Contracting Limited (OCL) of 63-66 Hatton Garden, London, EC1N 8LE
  • Hamilton Bradbury Ltd, Pacific House, Relay Point, Wilnecote, Tamworth, Staffordshire, B77 5PA

More details can be found at https://www.gov.uk/government/publications/named-tax-avoidance-schemes-promoters-enablers-and-suppliers/current-list-of-named-tax-avoidance-schemes-promoters-enablers-and-suppliers

Jonathan Smith, Director of Counter Avoidance, HMRC, said, “Tax avoidance schemes do not work and those who use them may end up with big tax bills – sometimes having to pay far more than the tax they tried to avoid, including interest and penalties.

“We have now put the details of more than 50 tax avoidance schemes on gov.uk and we will continue to publish to help alert customers to these arrangements and the risk of using them.”

In another recent success, HMRC also won at the High Court on 7 September against three promoters of tax avoidance schemes. Apricot Umbrella Ltd, ABC Umbrella Ltd and Dalespay Ltd were seeking to have their names removed from our list, but Judge Heather Williams refused their applications. This follows an earlier High Court decision about avoidance schemes Vision HR Solutions Ltd and Veqta Ltd, where the court said that the claimants’ grounds for a Judicial Review had no prospect of success.

HMRC urges taxpayers to be vigilant and to stay away from tax avoidance. Our “Don’t Get Caught Out” campaign reveals the consequences of using tax avoidance schemes which can be unexpected tax bills, interest and penalties.

If you have used a tax avoidance scheme promoted by Edge Umbrella Limited or any firm we have named, we urge you to contact us by emailing: [email protected]

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