Anybody here has used Payschemeplus? It is a Futurelink company.
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No, but I've been looking at their figures and they look good. Did you go with them in the end ? -
Have a look at www.taxationweb.co.uk/forum/discuss.php?id=5775. It doesn't sound too bad but its like other schemes, its OK if you don't get investigated and lose.Comment
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yes I went with it and as rootsnall said, it's OK as long as the interpretation of non-employment-related loans doesn't change - because basically that's what makes it tax-freeComment
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It must be dodgy. They reckon I can take home 90%. Why aren't all contractors doing this.Comment
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Offshore Loans
I seem to recall that these types of scheme were torn to shreads by both myself & Simon Dolan approx 12 months back. :x
In addition, they were specifically mentioned in the finance bill last year as schemes that are being identified and shut down. The comments on the tax web link I think indicate someone else's opinion on these in a similar way.Comment
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It is dodgy but the odds may mean you don't get looked at and get away with it. I think these schemes came into existence for City types who are dealing in much bigger numbers, have more cash to fight it when they are caught and are not doing it long term so risk it.Comment
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Re: Offshore Loans
I'm actually with SJD - who get 85 per month from me and appear to do very little for that. I have to fill out all my VAT returns, my quart PAYE/NIC, and they tell me to hold on to 40% of my cash "just incase" they can't get the tax bill down? It just doesn;t fill me with confidence - I should be able to pay these people tell them what I'm pulling in and leave it all to them.Comment
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Offshore Loans
Firm of accountants, similar to us. No scheme as such, just a standard limited company set up.who's SJD and what scheme have they got for you?
We looked at these schemes and their conditions and concluded that they were very risky and wouldn't stand up to an indepth enquiry.Comment
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Re: Offshore Loans
Hi Underscore,
I was surprised to read what you said. We charge £80 a month, not £85, and do the VAT returns, PAYE, payroll etc as part of the package. You don't have to do it yourself.
Please do drop me an email re the other advice as is not something we would say ordinarily.
simon@sjdaccountancy.comComment
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