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I suspect it might have been the Castlemaine loan scheme.
Just tried finding their website and it's no longer there! I think Castlemaine contractors got investigated a long time ago, because the disclosure rules.
As expat said, it can't be net unless they are chasing the employer for the tax. I think worst case scenario is that you are taxed on £10K as gross plus interest and penalties.
If I remember right, Castlemaine closed down around 2002/2003.
An email from a recently set up Yahoo.co.uk account informed all of the employees. Goes to show what a profession outfit they were. Don't know if they set anything up afterwards.
Did the people in this scheme really get investigated?
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