IOM vs UK company?

[cojak]

I thank you all for your replies. Much appreciated.

This advice was given to me by one of the top firms and would set me back $xx,xxx a year.
I am not domiciled in the UK since my father is not British. Their advice was for me to work
as a "consultant" for the IOM company and get paid a fee to an offshore bank account.

If not, I could keep all the profits in the company and then don't cash out until I leave the UK
and move to a tax haven. I am going to use this strategy regardless. At least that one will work?

Then I advise you not to use this username when HMRC come knocking to bend you (but not your tax advisor) over a barrel.

Because we WILL point and laugh at you.

[cojak]

Please post back in a couple of years from HM prison.
Ofcourse the mods are happy to provide this thread to HMRC as evidence you were deliberately trying to avoid tax

We don't need to be happy - this is a public forum which HMRC read regularly and CUK has already been quoted in the tax courts m'lud.

I believe BolshieBastard's name was even mentioned.

[Eirikur]

We don't need to be happy - this is a public forum which HMRC read regularly and CUK has already been quoted in the tax courts m'lud.

I believe BolshieBastard's name was even mentioned.

They may need IP addresses

[BrilloPad]

We don't need to be happy - this is a public forum which HMRC read regularly and CUK has already been quoted in the tax courts m'lud.

I believe ************'s name was even mentioned.

Its a great pity as quite a lot of what is posted on CUK is nonsense. But HMRC can submit what they want it seems.

And please don't swear.....

[BrilloPad]

They may need IP addresses

No. HMRC can do what they want....

[Eirikur]

No. HMRC can do what they want....

Probably they have hacked into this forum already anyway and we're all on their watch list

[BrilloPad]

Probably they have hacked into this forum already anyway and we're all on their watch list

I don't think they are clever enough. They are bullies.