Best Employment Services provided umbrella payroll services and outsourced its operations to a network of Isle of Man companies, and shifted assets to an Anguilla-based company.
Adrian Benedict Sacco, 55 and originally from Malta, has been disqualified after running an umbrella payroll services company with links to the Isle of Man, potentially costing the public purse millions in unpaid income tax, National Insurance Contributions and Corporation Tax.
Sacco was sole director of Best Employment Services (BES), which was incorporated in March 2015 and provided umbrella payroll services to senior or specialist high-earning contractors across various sectors, such as engineering, IT or HR, who were often working on short-term projects or fixed contracts.
Its website advised contractors that, based on an income of 100,000, they could retain 90,000, compared to 75,000 if they declared earnings through a limited company, or 55,000 if they were taxed as a standard employee through Pay As You Earn (PAYE). Contractors paid a fee to BES for providing this service.
BES received payment from clients for its employees’ work as a normal supplier. However, instead of then paying its employees their wages with the appropriate tax deductions, it paid them a small amount through PAYE, and the remainder was paid out to them as a loan. Neither PAYE nor National Insurance was deducted and paid for the loan portion of employees remuneration as it should have been.
BES outsourced its...
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