Originally posted by Lance
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MSC legislation 2007
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I didnt see it as a tax avoidance scheme it was just that someone else was running a ltd on behalf of a contractor. It was a common legal alternative to umbrella back then."Israel, Palestine, Cats." He Said
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Thing is, you get the tax breaks as a company owner because you accept a degree of risk over things like late payments and operating overheads. Pretending to have a company - which is what Brooksons and others were facilitating - and having them doing all the work and making the decisions so you were simply a figurehead to get those tax breaks is clearly an avoidance measure.Originally posted by NickNick View PostI didnt see it as a tax avoidance scheme it was just that someone else was running a ltd on behalf of a contractor. It was a common legal alternative to umbrella back then.Blog? What blog...?
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Fair enough. Backdating it is a dick move thoughOriginally posted by malvolio View PostThing is, you get the tax breaks as a company owner because you accept a degree of risk over things like late payments and operating overheads. Pretending to have a company - which is what Brooksons and others were facilitating - and having them doing all the work and making the decisions so you were simply a figurehead to get those tax breaks is clearly an avoidance measure."Israel, Palestine, Cats." He Said
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