Industria PAYE Limited - HMRC named tax avoidance scheme

Industria PAYE Limited

  • Promotor of Scheme: Industria PAYE Limited
  • Address: Greg’s Building, 1 Booth Street, Manchester M2 4DU (former addresses: 12 Wincanton Street, Liverpool L15 4AE ; Rodney Chambers, 40 Rodney Street, Liverpool L1 9AA)
  • Publication Date: 4 August 2022
  • Scheme Reference Number (SRN) and date it was allocated: 89706564, 28 January 2022
  • HMRC’s Scheme Description: “Scheme users would receive their gross contract value in a payment made up of 2 separate elements. The first element was a National Minimum Wage (NMW) salary that was taxed through PAYE. The second element was deemed to be in relation to an option grant agreement. This second element was not taxed.”

Industria PAYE Limited (IPL) – more details

The HMRC website states the scheme operates as follows:

  1. IPL invoiced the employment agency or end users for the work carried out by the scheme users.
  2. IPL deducted its fee from the gross amount.
  3. IPL then made one composite payment, of the taxed and untaxed amounts, to the scheme user.
  4. Part of the payment equalling the NMW, operated under PAYE and was taxed under the PAYE reference 120/PL01972781.
  5. The second part was the balance made under an ‘option grant agreement’ between IPL and the scheme users. This has not been taxed.

For more information, visit the following page on the government’s website: Current list of named tax avoidance schemes, promoters, enablers and suppliers.

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