HMRC has named two Belize registered companies as promoters of a tax avoidance scheme in the UK.
Minerva Services and Buckingham Wealth, who share the same official business address in Belmopan, the capital of Belize, were promoting and marketing a tax avoidance scheme known as the Umbrella Remuneration Trust (URT).
The scheme used complex, offshore, financial arrangements so that Income Tax and National Insurance contr...