Regulation 15 Conditions where intermediary is a companyF1

the intermediary is not an associated company of the client that falls within sub-paragraph (2), and

paragraph (1A) or (1B) is satisfied.

the worker has a non-material interest in the intermediary,

the worker—

a chain payment from the intermediary, and

the chain payment does not, or will not, wholly constitute earnings from an employed earner’s employment of the worker (apart from as a result of this Part).

of the worker, or

of the worker and other persons.

the worker, alone or with one or more associates of the worker, or

an associate of the worker, with or without other associates of the worker,

the worker, alone or with one or more associates of the worker, or

an associate of the worker, with or without other associates of the worker,

beneficial ownership of, or the ability to control, directly or through the medium of other companies or by any other indirect means, 5% or less of the ordinary share capital of the company,

possession of, or entitlement to acquire, rights entitling the holder to receive 5% or less of any distributions that may be made by the company, or

where the company is a close company, possession of, or entitlement to acquire, rights that would in the event of the winding up of the company, or in any other circumstances, entitle the holder to receive 5% or less of the assets that would then be available for distribution among the participators.