Am i paying too much Tax?

[Meades & Co]

Is this some sort of overseas loan scheme? Got a link?

We have an off shore scheme and an onshore scheme.

Send a pm for more details.

[DaveB]

Is this some sort of overseas loan scheme? Got a link?

Probably. Quoted from their website

"We have access to market leading tax strategies that enable our clients to minimise their tax bills and in some cases, pay no tax at all."

[TykeMerc]

Probably. Quoted from their website

"We have access to market leading tax strategies that enable our clients to minimise their tax bills and in some cases, pay no tax at all."

And when faced with any tax planning offering very high retention rates there are a few things to bear in mind.....

1. HMRC (UK Taxman) can and will look long and hard at the scheme at some point, possibly retrospectively, and come at you wanting loads of back tax, At that point expect the scheme owners to disappear
2. IF IT LOOKS TOO GOOD TO BE TRUE THEN IT PROBABLY IS TOO GOOD TO BE TRUE!!!!!!

[Meades & Co]

And when faced with any tax planning offering very high retention rates there are a few things to bear in mind.....

1. HMRC (UK Taxman) can and will look long and hard at the scheme at some point, possibly retrospectively, and come at you wanting loads of back tax, At that point expect the scheme owners to disappear
2. IF IT LOOKS TOO GOOD TO BE TRUE THEN IT PROBABLY IS TOO GOOD TO BE TRUE!!!!!!

Everyone is entitled to their opinion but it's the facts that count.

[Moscow Mule]

Everyone is entitled to their opinion but it's the facts that count.

Are you prepared to air those facts in an open forum?

[Meades & Co]

Are you prepared to air those facts in an open forum?

Yes. We have clients that receive between 82 and 85% of the value of their contracts every month and are very happy. We also act for businesses, and I can tell you that we have a client who made £450k profit last year and paid less than £10k in tax. They are very happy too.

Ask yourself this question. Do you believe that the more wealthy you are the higher the proportion of your income you pay to the tax man as a cost, or the higher the proportion of your income you pay to the tax accountant to save that cost?

[Meades & Co]

Any interesting quote....

Chancellor Alistair Darling announced the new 50% tax rate for those earning GBP150,000 per year or more in the 2009 budget speech last month. It is set to come into force in April 2010. The measure is designed to raise an additional GBP2.4bn in revenues by 2012/13. However, the Treasury’s own pre-budget model is reported to suggest that as many as two-thirds of the taxpayers falling into the new tax bracket will take evasive action.

A number of avenues will be available to higher rate taxpayers to enable them to reduce the impact of the budget proposal. One example would be to convert more income into capital gains, which is taxed at 18%, or corporate income, which is taxed at 21% or 28% depending on the size of the business. Many entrepreneurs and business owners are also expected to leave the country.

by Robert Lee, Tax-News.com, London
Thursday, May 28, 2009

[DiscoStu]

Yes. We have clients that receive between 82 and 85% of the value of their contracts every month and are very happy. We also act for businesses, and I can tell you that we have a client who made £450k profit last year and paid less than £10k in tax. They are very happy too.

Ask yourself this question. Do you believe that the more wealthy you are the higher the proportion of your income you pay to the tax man as a cost, or the higher the proportion of your income you pay to the tax accountant to save that cost?

I think what MM is asking for is the facts about how your clients pay so little tax.

[Meades & Co]

I think what MM is asking for is the facts about how your clients pay so little tax.

The call the number on the website and I'll explain.

[scooby]

The call the number on the website and I'll explain.

The answer would be no, you're not will to discuss in the open!