Morality of working through a Composite Umbrella

[Denny]

Taxdodger

What an appalling attitude. The economy is suffering as a direct result of your greed.

The lost revenue runs into 100's of millions annually. This is cash that is desperately needed for public services.

This will be brought to the attention of the IR and, hopefully, these schemes will be outlawed.

Then you'll have to start stealing your kids' pocket money again...

I also try and pay as little as I can, using legit tax avoidance schemes where necessary. I don't do it out of greed or because I don't care about 'society' and the public sector.

I do it for another very good reason: the government have given us a catch 22 scenario with the IR35 legislation - screw them or be screwed. There is nothing in between. How can it possibly be right for contractors to be 'disguised employees' for tax purposes yet pay two lots of NI - employers and employees for being what should be a sole trader status (which is denied us because limited companies are all we're allowed to be if working through agencies). We don't get full employee protections either, particularly if we opt out so we shouldn't be disguised employees for tax purposes.

Contactors have to put up with far more risks than you're average permy. Fact. Try telling the IR that though.

[Lucifer Box]

Damn! You are even more elusive than Mr Lucifer Box!

Who's he?

[bfg]

Don't think we'll be hearing from the troll until Monday, probably using his work computer on his employers time.

A thief is a thief after all.

[WageSlave]

Who's he?

We do not know, but they seek him here, they seek him there, they seek him everywhere...

[Lucifer Box]

We do not know, but they seek him here, they seek him there, they seek him everywhere...

Sounds to me like he might be a dedicated follower of fashion. The ponce.

[threaded]

May I posit that actually the economy is suffering because too much tax is being paid.

If less tax was paid then less could be squandered on public services and more of those people employed in such would actually be spending their productive working lives in the private sector making the country richer instead of acting as a drag.

[morphman]

If all monies were taxed at the same rate, we wouldnt have a problem paying more tax. the more you earn, the more you pay right?
But when its skewed in the loser's favour (ie the less tax you pay, the more you get), its difficult to swallow.

Ill use my everlasting lunchtime argument of the NHS.

I pay 40% tax on 50% of my income, yet I get less NHS benefit than a dole dosser paying 0%. He doesnt have to pay for presciptions, yet I do, even though my tax and national insurance contributions far outweigh his.

Only taxmen think the tax system is fair to high earners.

Can someone pls provide some nice links to offshore schemes I can join, cause my accountant's shoe-laces are so straight his shoes double up as stilts :-)

[morphman]

And whats with all the "not worth listening to" avatars? lol,

[malvolio]

Actually, in your confused way, you're right. We would not complain about IR35 or S660 if it were evenly applied across the spectrum. If there were one set of consistent rules (and not necessarily a full-blown flat tax regime) so you, me, Phillip Green and the couple with three kids and £12k a year were all taxed on the same basis, I think we would all go along with it.

[Rebecca Loos]

Can someone pls provide some nice links to offshore schemes I can join, cause my accountant's shoe-laces are so straight his shoes double up as stilts :-)

go there my friend and pay 4% tax