Bedouin Tax Solutions

[thebear14]

I started my first contract in July 2012, instead of using a typical umbrella company I went with Bedouin. As I'm about to start another contract I just wanted to check if the recommendation was that Bedouin was not to be trusted due to their EBT use and I would be better off with a standard umbrella firm?

Thanks

[Alan @ BroomeAffinity]

I've got a cup of tea and a slice of cake. I'm going to enjoy this thread.

[captainham]

Here's what your average poster on here thinks of Bedouin...!

http://forums.contractoruk.com/accou...ome-beans.html

[Wanderer]

I don't know anything about Bedouin but try this simple test:

Figure out how much income you have earned from the contract and then ask Bedouin how much tax you have paid. NB, by tax paid, I mean tax actually paid over to HMRC not fees paid to Bedouin.

Now calculate the tax as a percentage of your income and then let us know what that is so we can give you an opinion about the risk of the structure you are using.

[Waldorf]

I think the general consensus is that you should avoid offshore tax schemes, or have you not been keeping up to date with the news?

Rather than an umbrella, what about a limited company. If you are serious about contracting you will keep more of your cash with a limited rather than a brolly.

[porrker]

Bedouin EBT

I started my first contract in July 2012, instead of using a typical umbrella company I went with Bedouin. As I'm about to start another contract I just wanted to check if the recommendation was that Bedouin was not to be trusted due to their EBT use and I would be better off with a standard umbrella firm?

Thanks

I'm interested in your quote 'to be trusted due to their EBT use'. I know people using Sanzar EBT have had investigation letters. Has anyone recieved investigation letters into Bedouin's EBT?

[malvolio]

I'm interested in your quote 'to be trusted due to their EBT use'. I know people using Sanzar EBT have had investigation letters. Has anyone recieved investigation letters into Bedouin's EBT?

HMRC areapparently working their way through all of them. It would be an act of some folly to start with such a scheme until the current round of HMRC investigations is concluded.

Listening to the man from the Treasury yesterday on R4, it looks like it's no longer about EBTs of any flavour, it's about any scheme where there is a business arrangement that makes no apparent sense, like buying your coffee beans from Switzerland.

[Jeremiah@RHJAccountants]

I've got a cup of tea and a slice of cake. I'm going to enjoy this thread.

[Emigre]

I've got a cup of tea and a slice of cake. I'm going to enjoy this thread.

Don't you love it when a post count of 1 starts a new thread on about an offshore arrangement?

I'm eating a tin of spiced ham.

[thebear14]

I think the general consensus is that you should avoid offshore tax schemes, or have you not been keeping up to date with the news?

Rather than an umbrella, what about a limited company. If you are serious about contracting you will keep more of your cash with a limited rather than a brolly.

Not looking to continue contracting in the long term to be honest hence the reason I avoided setting up a Ltd, the initial one was taken as a route to a perm role but internal restructures put pay to that. Now I'm about to be imminently unemployed it was easier to land another contract as opposed to a perm. I had looked at the previous threads where Bedouin were discussed but they all appeared to be pretty historic, was trying to establish if there had been any developments on the use of their scheme