Quote:
Originally Posted by neilawuk
dude69 you obviously havent got any idea how any of these schemes work. What do u mean its gone to the IOM never to be seen again, what are you talking about, what do u think has gone where?
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The hefty fee you have paid to your scheme administrator.
That fee which has done you no good at all if HMRC come knocking.
If you 'earn' £100k and pay 15% fees, that's £15k gone forever.
If HMRC come after you for tax, you're going to have to pay not only the tax, but you're also out your £15k
The vast majority of the money paid by these schemes is indeed 'gone', as it does not offset UK taxation which you might be found to be liable for.