Global , how do they do it?

[cojak]

As I keep repeating - If it looks too good to be true, it probably is...

[csharper]

They have a new scheme where you get paid 2-3K pm by UK company and offshore company transfers rest of the money to your offshore account.

[malvolio]

Oh brilliant. hat will work. Unless like 99% of us you are a UK resident and are liable for tax on income earned anywhere in the world. "Oh sorry hector, I forgot to declare 90% of my earnings for last year..."

[csharper]

I'm not working with them. I saw this thread and thought of giving them a call and find out what exactly they are up to.
I know it's dodgy and will get one in lot of trouble if the income outside the UK is not declared.

[ASB]

Oh brilliant. hat will work. Unless like 99% of us you are a UK resident and are liable for tax on income earned anywhere in the world. "Oh sorry hector, I forgot to declare 90% of my earnings for last year..."

Residency has nothing to do with it whatever. It's domicile that matters.

Mind you it would still (probably) fail if you wern't UK domiciled since it is still UK sourced income [although there are probably ways it could be structured not to be].

So if you are not UK domiciled and the offshore element is constructed in the correct way and it is not remitted back to the UK then it might eascape UK tax.

[Tramline]

I'm not working with them. I saw this thread and thought of giving them a call and find out what exactly they are up to.
I know it's dodgy and will get one in lot of trouble if the income outside the UK is not declared.

Instead of taking free unqualified advice from individuals on here why don't you invest some money in professional advice and actually have their offering assesd on it merits?

[csharper]

Instead of taking free unqualified advice from individuals on here why don't you invest some money in professional advice and actually have their offering assesd on it merits?

I'm happy with my current setup and don't need any professional advice really. Again I was just trying to see what are they upto, and not willing to actually hire their services.

[tamper]

Oh brilliant. hat will work. Unless like 99% of us you are a UK resident and are liable for tax on income earned anywhere in the world. "Oh sorry hector, I forgot to declare 90% of my earnings for last year..."

Interesting - when I arrived in France in 2002 I called the IR to clarify my position, since I was doing off-site work for UK clients from my place in France, and getting paid directly into my UK bank account. Their position was that if the work was physically being done outside the UK, then they weren't interested.

EDIT: Oh hang on, that's the other way round isn't it? D'oh!

[tim522004@yahoo.co.uk]

Avoid EBT's at all cost!

The Revenue have appointed Inspectors in the 64 districts (that was about two years ago). Their job to target offshore stuctures, in particular EBT's.

At the end of the day EBT's are quite complicated and you are trusting offshore trustees to admininster the trust correctly.

The only eventual winners of the EBT's are the solicitors/accountants who administer them.