The Compliance Files: Disguised Remuneration

Dave Chaplin and Crawford Temple from Professional Passport discuss various different schemes which contractors may encounter when working through umbrella companies, and whether you should give those schemes further consideration or steer well clear!

In this episode we explore the world of "disguised remuneration" type schemes like the loan schemes, and how to avoid being caught up in one. Schemes operate by not paying all the money as salary, and then paying the rest as "tax-free" for other bogus reasons - for example an "advance".

All parties should steer clear of them. In many cases they are tantamount to fraud and have no substance behind them.