Reducing taxation on foreign-earned income?

[malvolio]

Really? That would be very interesting if true. Do you have a reference, or is that merely sales material?

[J35K]

Which Mtm Montpelier Scheme

Alas due to new European laws they cannot backdate. Hurrah for Europe! Its a complex area - but MTM are very well prepared.

i unsterdand mtm montpelier are offering two different ir35 schemes and/or phasing out 1 scheme and replacing it with another. if so - why r they phasing out scheme is it bad !!.. can anyone confirm this.

[Rantor]

i unsterdand mtm montpelier are offering two different ir35 schemes and/or phasing out 1 scheme and replacing it with another. if so - why r they phasing out scheme is it bad !!.. can anyone confirm this.

I assume they are phasing out the one that is being challenged by the IR on technical grounds.

In 2003 I wound up a ltd company I had been contracting through for close to seven yrs partly on the advice of accountant but also becuase I was having a stab at plan B. Turned out I needed some extra funds so I used the MTM scheme for a short while (six months total.)

The IR started challenging it about a yr ago and as far as I can tell MTM are mounting a robust (though way too technical for non-lawyers) defence. I must admit I haven't even followed up on it for months because

a) The amount I put rhough it was comparitevely small so reclassifying income for taxation purposes wouldn't hurt too much

b) Edited as previous comments could be considered to be disparaging to the undoubtedly fair and equitable HMRC

Overall, given that IR35 is being put on the back burner I think it would be much easier to use a Ltd for the time being until Gordo nationalises all yer money.