limited company double taxation benefit

[Wijay@WISAccountancy]

Hi
I got a email saying the below. Do you see this genuine?
- You will be an employee of our UK Organization.
- You will be paid salary by our UK company with PAYE deducting taxes.
- You also become an employee of our Indian counterpart and get paid salary in the UK plus Per Diem as living expenses which can be paid up to £250 maximum tax free.
- Tax will be deducted in India @ 10% on gross salary so no further tax liability remains in the UK according to the Double Taxation Treaty between UK-IND.
- All Global consulting companies who sends their employees to UK, follow the same route of paying per diem rather than all in salary to save taxes as employee benefit.
- We adopt the same method which is proven and used by HMRC.
- You get TAX Form 16 for the earnings you make in India, which is equivalent to P60 in the UK.

- As there is a treaty between India and UK for single taxation you can declare all your Indian income on your self assessment attaching Form 16, HMRC will credit your tax and you will be liable for no further tax as it is already being paid.
- At the end of the financial year you would be receiving P60 and Form 16

[NotAllThere]

Pass it on the HMRC for an opinion.

[eek]

It's genuine. It's also f***ing insane and just going to land you in a world of pain down the line but the scammers won't care about that - they will switch the phone off and leave you to it.

It's really quite simple when it comes to money. Set up a limited company, get an accountant and ensure the money you earn gets under your control asap.

If someone is offering you what looks like a good deal, then they will be something in it for them. There may not necessarily b anything in it for you.

Remember they only ever mention the good bits. The rest is just missed out for those without the knowledge to work out what is missed out in the gaps.

[BrilloPad]

Sounds like Blatant tax avoidance to me.

Its either a tax avoidance scheme that will never work or evasion.

If you do it, put all the tax "saved" into a CTD. Then see if HMRC allow it. You should know in about 30 years.....

[BrilloPad]

I would like to add - well done to the OP for coming on CUK and asking. Plenty will just go ahead without doing their own research. That is what I find really scary....

[eek]

I would like to add - well done to the OP for coming on CUK and asking. Plenty will just go ahead without doing their own research. That is what I find really scary....

That is what they are counting on.

[DonkeyRhubarb]

If you want to reduce your tax bill, pay into a pension or something.

Don't go anywhere near this kind of shít.

Learn from the thousands of others who used similar schemes and who have faced years of uncertainty and pain.

Whatever the apparent tax saving, trust me, it ain't worth it.

[kolata]

This can generally work only if you move to India and be tax resident there (i.e. live there 6months+1 day /year). Then you can be seconded in the UK.
All legit, but if you are not tax resident in India, stay away.

[eek]

This can generally work only if you move to India and be tax resident there (i.e. live there 6months+1 day /year). Then you can be seconded in the UK.
All legit, but if you are not tax resident in India, stay away.

So it won't work....

[kolata]

So it won't work....

It will. I said only when.
Do you know where is he tax resident?