HMRC has published details of five further tax avoidance schemes, including three promoted by AML Tax (UK) Limited.

Last year AML Tax (UK) Ltd was fined £150,000 for failing to provide HMRC with legally required information a part of a tax investigation. 

The five schemes all seek to disguise remuneration, something which HMRC classes as tax avoidance.

The three AML linked schemes named are:

• Annuity Arrangements, AML Tax (UK) Limited, 1st Floor, Blackfriars House, Parsonage, Manchester, M3 2JA
• AML Prefunded EBT, AML Tax (UK) Limited, 1st Floor, Blackfriars House, Parsonage, Manchester, M3 2JA
• AML Split Contract, AML Tax (UK) Limited, 1st Floor, Blackfriars House, Parsonage, Manchester, M3 2JA

Other schemes named are:

• Enhanced Umbrella, Tailored UK Services Ltd (TUSL), trading as Tailored Resourcing, 67 Grosvenor Street, Mayfair, London, W1K 3JN
• Able Ltd / Contractor Central Accounting Ltd Able Ltd: 2nd Floor, Queen Victoria House, Victoria Street, Douglas, Isle of Man, IM1 2LF.Contractor Central Accounting Ltd (CCAL): The Axis Building Maingate, Team Valley Trading Estate, Gateshead, England, NE11 0NQ

The three AML schemes make use of complex company structures and directors’ loan accounts to extract profit, providing directors with income where Corporation Tax, Income Tax and National Insurance contributions were not correctly paid. The other two schemes make one payment to users that is close to National Minimum Wage and then another disguised payment, which the promoters claim is non-taxable and Income Tax and National Insurance are not correctly deducted.