PayScheme+ - can someone spell it out pls?

[lilfreckles]

Its disgusting! They shouldnt be able to advertise in such a known website!

Obviously they are getting paid for advertising their banner for a lenght of time!! But it gives us contractors a misleading edge on these payroll companies.

I love my PAYE Umbrella. Wont change it, I recommend it! (parasol)

[acraceea]

I don't know what the problem is with you guys. I have been using Payscheme for over 6 months now.

Personally, I like taking home 91% of my earnings

[Cowboy Bob]

[Denny]

OK...

PayScheme+ advertise on Contractor UK aswell as other well-known sites. If they are "dodgy" or "illegal" (from April) why are they being allwoed to advertise, surely this would be misleading contractors?

I think website advertising is still unregulated, therefore illegal schemes can be advertised. That's why there are so many disguisting porn sites you can go to which would never find themselves openly displayed on bookshelves.

[malvolio]

I don't know what the problem is with you guys. I have been using Payscheme for over 6 months now.

Personally, I like taking home 91% of my earnings

Personally I think you are both breaking the law and making life incredibly more difficult for the more honest among us. Or you're talking bollocks. So go back under your smug little rock

[danthomas25]

Back to my question... again...

Ever heard of mutual taxation arrangements? Or tax residency? If you are UK resident for tax, hector won't care where you earn your money or where you stash it, you have to pay UK tax on it.

I said "And, although yes the co. could go bust in theory, Hector and a large tax bill can't happen for a guernsey-based company can it?".

I'm not talking about ME, I'm asking about the loans company's position (which I don't own either).

Anyone fancy answering that without being ascerbic?

[malvolio]

Sorry, I don't do non-ascerbic...

However, since you miss my point, Hector can ask the Guernsey company for a list of its clients and since Guernsey, unlike Switzerland, doesn't have a banking secrecy law they will probably oblige. He doesn't have to attack the offshore company explicitly, he is only interested in the UK tax payers who aren't following his rules.

There are three issues here: a company not bound by UK taxation law selling a product/service on the basis that it removes a UK-based tax liability, the dimwits who believe its propaganda and sign up, and the risk that the Geurnsey compnay could one day decide to close up and take it's bankings off to the Caymans or something and leave its clients' bills outstanding (which in practice is what happpened with Dignatio, the company folded up for some reason and a lot of people lost money wihtout any way of redress).