Tax Design.

[prozak]

Firstly, the returns (up to 90%) are higher than the other schemes that I would be comfortable with. They may be achieving this by either lowering their fees or cutting corners on the implimentation. The first option may be OK, the second could cause problems.

Well this is one of my concerns.


Comparing it with the Sanzar offering it is basically just taking less fees.

Does that mean not implemented as well? who knows.

[prozak]

Just checked out the company that owns tax design website

Then went to companies house and paid a £1 to get copy of latest annual return.

This has been signed off by a Mr E W Gittins on behalf of MT Secretaries Ltd.

This company is part of the Montpelier Group.

So wondering if Tax Design is the company offering the loan scheme that replaced the BN66 scheme.

Well I think you'll find that if you look further through the Justin Webster searches you will find an Isle of Man Judgment.

MONTPELIER TAX PLANNING (IOM) LIMITED formerly MTM (TAX CONSULTANTS) LIMITED
and
ALAN JONES
and
GILES MORRIS

Basically, MTM sues / is sueing the other two for alleged breaches - accusing them of stealing IP etc whilst employees..


Justin Webster is quoted in the judgement as in house counsel....


http://www.judgments.im/content/prin...versionid=2577

And yes it is the same Justin Webster as in the articles posted.


Should somone be condemned for past transgressions for which he has been punished?

[prozak]

So... some leaps here.

If this justin webster was in house counsel at MTM - and this scheme worked and was good....... and you can look past his issues in the past none of which were fraud etc.....

would his own scheme be as good and worth looking into further?

perhaps.

[ASB]

So... some leaps here.

If this justin webster was in house counsel at MTM - and this scheme worked and was good....... and you can look past his issues in the past none of which were fraud etc.....

would his own scheme be as good and worth looking into further?

perhaps.

Whether it worked or not might be subject to some debate. Certainly users of it are currently in a difficult position. How it will eventually pan out is not yet known - and in my view unlilkely to be for a few years yet. I would think that anybody joining a scheme of this type in the current climate is certainly brave.

[nodric]

Should somone be condemned for past transgressions for which he has been punished?

If someone has paid their penalty then they should be allowed to make a living but, with other comments about people suing each other, it all comes down to whether you would trust this man with your monthly earnings?

Due Diligence is needed...

[AZZIK]

Their promises sound the same as Sanzar, et al.

They give no details of their scheme, but its probably an EBT stylee.

If they go down, you will be resposible for the tax

Bargepole required.

(they guarantee 90% after fees and taxes! Yeah, right, I was born 22/04/2009)

If you are interested I have the following offers:

1) Magic beans. These have been checked by HMRC and found to be legal. I have taken legal councils advice and he says there is nothing that can be illegal about the beans, although if the beans turn out not to be magic, no refunds will be given. 100% guarranteed
2) $100,000,000.00 (one hundred Million dollars US) in an account in Nigeria owned by my father the late Dr Umbumbo Mumbo Jumbo, I just need someone with a UK bank account to get at the money. We will split it 50/50 GUARRANTEED 100% legit.

[prozak]

If someone has paid their penalty then they should be allowed to make a living but, with other comments about people suing each other, it all comes down to whether you would trust this man with your monthly earnings?

Due Diligence is needed...

I agree.

Been doing more research.

This alan jones and giles morris guys have their hands in all sorts of pies and haven't been doing a stellar performance to say the least - not to mention the case against them for stealing from MTM.

I think Donkey Rhubarb has some opinionson these guys.... as he posted about them in another thread.

You can google it all yourself!

Isn't the internet amazing?

Anway they are also involved in a few others so avoid E-cover, fidei trust, taxatak. They also are involved in Denevo Solar - whose directors (Stephen Lawrence and Mark Starling) are being done for fraud! - Now that IS a concern if you are dealing with them.

What a tangled web.

As for trusting TaxDesign. Well who knows. For now I run a ltd company but I do believe in rehabilitation so would most likely trust such a company since the offence was of a personal nature. And there has been no one coming forward talking about them in a negative way except for the issue with Justin Websters past.

I'm not sure my belief in rehab would extend to trusting people - with my own money - who are accused of theft or fraud though.

Edit: Just to clarify this last paragraph does not relate to TaxDesign or Justin Webster... just in case there was some misunderstanding.

[TykeMerc]

I'm not sure my belief in rehab would extend to trusting people - with my own money - who are accused of theft or fraud though.

Precisely, I certainly wouldn't trust my contract income to a known fraudster.

A lot of people forget that when they sign on to these schemes they are handing over all rights to the money apart from the basic salary that they accept. If they didn't then there would be no way for the scheme "income" to be disguised as anything other than income to be taxed accordingly.

[Ardesco]

Well if this person is a convicted criminal....

Would you trust your entire income to a convicted criminal, not just any criminal, but a convicted fraudster?

I certainly wouldn't, I would also suggest that anybody who would will most likely get exactly what they deserve in the long run.....

[prozak]

Well if this person is a convicted criminal....

Would you trust your entire income to a convicted criminal, not just any criminal, but a convicted fraudster?

I certainly wouldn't, I would also suggest that anybody who would will most likely get exactly what they deserve in the long run.....

I think you need to re-read everything and my clarification.

Justin Webster has not been convicted of or ever accused of fraud....