Sanzar Partnership? New IOM company

[BrilloPad]

Your call. The potential to lose 6 years back tax plus interest and the same again in fines sounds like a business risk too far to my conservative way of thinking. Also HMRC can already assess your global income for UK tax and deduct taxes already paid offshore to get to a UK-based tax bill: since in the case of the IOM that nothing to deduct, you're still facing a big tax bill at some point. Just becuase they haven't got around to it yet doesn't mean they won't.

I cant disagree with any of that - fair comment.

[BrilloPad]

All of these schemes are the same. The point is that they are marketed by some grubby little man saying "we've got a scheme that means you don't have any tax to pay but don't tell anyone". If they're so sure of their product they should shout it from the rooftops and invite HMRC to attack it confident in their ability to win the argument.

But even the above misses the point. The fact is that you have a moral duty to pay tax if you're going to live in and benefit from this society. Not any more or less, just the right amount of tax. Entering into this type of scheme is immoral. I bet that if you asked 100 people in the street what they thought of these schemes the vast majority would say that they were crooked.

I'd read this report to show what this type of scam and others are costing the UK http://www.tuc.org.uk/touchstone/Mis...ngbillions.pdf.

BTW the quote is from Dennis Healy in the seventies who said that the difference between tax avoidance and tax evasion is the thickness of a prison wall.

I intend to cut and paste this to a new thread in general - I hate it when threads get sidetracked like this.

I do understand your point about schemes - and I understand you keeping away from them. Personally I disagree. But I would die for your right to disagree with me.

[Bradley]

Missing the point

You are Dim Prawn and I claim my right not to pay poll tax.

The right amount of tax is that defined by legislation, interpreted by HMRC and, eventually, decided by the courts.

"Oh, you're using a loop-hole to pay less tax. That's not fair".
Yes it is - you can use the same loop-hole yourself.

So who pays the tax that you should have paid that you have evaded through using your dodgy offshore scheme?

I'll tell you who, the average working person who doesn't have the time, the money or the lack of morality that someone using these schemes exhibits. You should be ashamed if you use one of these schemes.

[BrilloPad]

So who pays the tax that you should have paid that you have evaded through using your dodgy offshore scheme?

I'll tell you who, the average working person who doesn't have the time, the money or the lack of morality that someone using these schemes exhibits. You should be ashamed if you use one of these schemes.

could we move to http://forums.contractoruk.com/gener...y-pay-tax.html please?

[cailin maith]

So who pays the tax that you should have paid that you have evaded through using your dodgy offshore scheme?

I'll tell you who, the average working person who doesn't have the time, the money or the lack of morality that someone using these schemes exhibits. You should be ashamed if you use one of these schemes.

Not sure I agree with you entirely -

If there is a loophole in the legislation because some civil servent isn't clever enough to write the legislation properly and someone else is brave and or stupid enough to take advantage of it - then so be it.

[Ardesco]

So who pays the tax that you should have paid that you have evaded through using your dodgy offshore scheme?

I'll tell you who, the average working person who doesn't have the time, the money or the lack of morality that someone using these schemes exhibits. You should be ashamed if you use one of these schemes.

He has not evaded it, he has avoided it. There is a big difference no matter what Dennis Healy says! It is typical Nu Liemore thinking that people who legally reduce their tax bill are comitting a crime. This is not true.

By your argument we should all pay IR35 as by not paying it we are shirking our responsibility to the country and making life hard for those who are stuck on benefits....

Currently the government takes far more in taxes than it needs, it just wastes the money hand over fist by creating lots of red tape and blowing it on ill thought out projects doomed to failure. Hell they are even giving it away, just the other day El gordo gave India over 800million to help them get rid of poverty.... Will that money stop any of the povety in India?? NO! Does India really need 800Million in aid?? No more than any other country, they have a hug tech industry and are making money hand over fist at the moment, why are we giving them money??

Do you pay IR35 Bradley? If not you are being a hypocrite!!

[Cheshire Cat]

I've been using a scheme based on salary and EBT's from company X for a few months and I am considering switching to Ltd company purely because my perception of the risk is that I would be more "protected" with company IR35 insurance than if I was investigated at the moment.
The key thing for me is that, regardless of whether the scheme "could" be argued successfully in the courts, I certainly don't have the cash to do so, and there is the risk that company X would just change their scheme slightly and leave me hanging out to dry.
I'll minimise my potential losses by exiting now so that if I am investigated at least the sums owed won't be too high.
I'll ignore the "morality" argument of taxes, as far as I'm concerned the legality is so fluffy that it could probably be won by whoever employed the best barrister, I just doubt that company X would have my best interests at heart, and so I've lost confidence since I initially signed up to the scheme.

[Churchill]

How many "Paul Mihailovits" are there on the IOM?

http://www.iomtoday.co.im/wedding-ga...806.1696211.jp

Looks rather like a snooker player to me...

[Bradley]

Select Few

By your argument we should all pay IR35 as by not paying it we are shirking our responsibility to the country and making life hard for those who are stuck on benefits....

That's a bit of a leap from what I was saying. If you're not caught by IR35 why pay it? That would mean that you weren't paying the right amount of tax. There are lots of grey areas in tax but one thing I'm certain of is that the scheme operated by Sanzar and their ilk is immoral.

It's not just people on benefits that are affected by this behaviour, it's all taxpayers.

Currently the government takes far more in taxes than it needs, it just wastes the money hand over fist by creating lots of red tape and blowing it on ill thought out projects doomed to failure.

I think that you can only be responsible for your own actions and hope that others follow your example. I'd agree with what you are saying about government waste being potentially immoral but only if there was a definite plan to waste the money.

Hell they are even giving it away, just the other day El gordo gave India over 800million to help them get rid of poverty.... Will that money stop any of the povety in India?? NO! Does India really need 800Million in aid?? No more than any other country, they have a hug tech industry and are making money hand over fist at the moment, why are we giving them money??

We are still a Christian country and have a duty to help those less fortunate than ourselves.

[Churchill]

We are still a Christian country and have a duty to help those less fortunate than ourselves.

Careful who you let hear that...