Am i paying too much Tax?

[Alan @ BroomeAffinity]

I would prefer some arrangement where you lend me my own money. Is that possible?

I suppose so but the interest rate would be high and the repayments would have to be in cash.

[DiscoStu]

I'm interested in this 115% scheme too. Can you promise not to disappear when HMRC come knocking?

[Alan @ BroomeAffinity]

I'm interested in this 115% scheme too. Can you promise not to disappear when HMRC come knocking?

I can certainly promise that. But my scuples are such that I may not be able to keep that promise. All I can say is that I'll try.

[RichardCranium]

I suppose so but the interest rate would be high and the repayments would have to be in cash.

I am not sure you are genuine. Can you confirm you do operate out of a PO Box account in a tax haven without any reciprocal extradition treaty with the UK? (Anything less and I will not think you have a really good scheme.)

[Alan @ BroomeAffinity]

I am not sure you are genuine. Can you confirm you do operate out of a PO Box account in a tax haven without any reciprocal extradition treaty with the UK? (Anything less and I will not think you have a really good scheme.)

Meh. Sorry for delay - I had to ask "Uncle" Ronnie if i can give out the address. I can't but we're in Brazil and I have a hotmail account and a mobile phone number if that helps convince you I'm for real. And Carlos says I'm a stand up guy.

[sweetandsour]

I've heard of a scheme where you can retain about 115% of your gross income. What you do, but keep this to yourself, is set up a ltd co and register it for VAT. Don't pay VAT, CT, PAYE etc to HMRC just keep it all to yourself. Its a risky strategy and its not for everybody but it depends on your risk profile!

You used to be able to keep 117.5% of your income doing this.

Bloody government lowering taxes.