85%? Surely not?

[LisaContractorUmbrella]

"Maybe I'll look into it in the future should the right contract comes along - but the entire point of my post being... maybe there is a way to get over 80% of what you earn by taking advantage of double tax treaties...

... although at what risk is another topic altogether."

If you type in BN66 - I think you'll find the other topic, along with huge tax bills, bankruptcy, court proceedings etc etc

[MarkOD]

Oh for god sake! Let's all do it, sounds brilliant, definatley compliant, definatley legal. Wont be subject to retrospective legislation! And because i'm based in the UK earning in the UK and use the NHS for god sake i'll use an Isle of Man company that's definatley compliant

[MarkOD]

Seriously and realistically do you really think it's all above board????? Surely the fact your money is going out of this country would lead you to think maybe it's too good to be true. Do you know how many threads there are on here about offshore schemes.

where's Malvolio when you need him???? Putting up his shed?

[BrilloPad]

Seriously and realistically do you really think it's all above board????? Surely the fact your money is going out of this country would lead you to think maybe it's too good to be true. Do you know how many threads there are on here about offshore schemes.

where's Malvolio when you need him???? Putting up his shed?

Its not for everyone : but there are some who like the scheme.

And why should tax avoidance schemes only be for the rich? Why cant us plebs partake as well?

[GavinR]

Seriously and realistically do you really think it's all above board????? Surely the fact your money is going out of this country would lead you to think maybe it's too good to be true. Do you know how many threads there are on here about offshore schemes.

I'm pretty new to all this and was just chiming in with something that I perceived as being remotely relavent I'm sure there are loads of newbies who have heard of similar things and this is a great chance for more experienced posters to point others in the direction of articles to read up more on the subject further... for example...

If you type in BN66 - I think you'll find the other topic, along with huge tax bills, bankruptcy, court proceedings etc etc

Thank you very much for the heads up - I will indeed look into BN66 some more.

And why should tax avoidance schemes only be for the rich? Why cant us plebs partake as well?

... I do have moral questions relating to paying tax abroad whilst taking advantage of what the UK has to offer but... when a society is unfair in how it spreads it's wealth and the laws are there in place to support tax avvoidance why shouldn't we (the non-super rich) not take advantage of the regulations that the people with a lot more money use. If the gap between rich and poor is allowed to increase further, as awful as it sounds, I know which side of the gap I want to be on.

Kind Regards,

Gavin

[LisaContractorUmbrella]

Unfortunately Gavin this is not about morality it is about UK tax law which states that income earned in the UK must be taxed in the UK if you are a UK tax resident. The super rich using these sorts of scheme are often not tax resident in the UK although they may spend some of their time here. It may also be that the super rich can afford to lose £100k to HMR&C; the average contractor can't