Offshore Option

[TheFaQQer]

To be fair to Vallah, I did PM him some time ago and one of his colleagues did call me back and provide me with all the info, and answered all my questions. There was no hard sell, and they certainly did not try and hide the risks…

There are no risks. It's a perfect scheme that everyone should be using.

Repeat after me - there are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks. There are no risks.

Now sign here.

[jmo21]

I'm not a sales guy, I just wanted to give an alternate view to that provided by people on here who have a vested interest in making schemes that are obviously a rival to their service seem as dodgy as possible. We've had over 10,000 contractors use our service at one time or another, and none have faced any of the doomsday scenarios presented in this forum.

What is your position then?

What's your companys URL so I can have a look?

[Vallah]

What is your position then?

What's your companys URL so I can have a look?

As I stated earlier, we're concentrating on moving our existing client base at the moment so aren't open to new applications at the moment.

[jmo21]

As I stated earlier, we're concentrating on moving our existing client base at the moment so aren't open to new applications at the moment.

I didn't say I wanted to apply, I assumed your website might have some more info since you won't post it here.

[DonkeyRhubarb]

The problem is the "risk" with these schemes is unquantifiable.

This means it's not safe to spend the money.

And it can take a very long time before it is safe, since there are no statutory time limits on how long HMRC can take to complete an investigation.

In the Montpelier case, HMRC opened enquiries into users' 2001/2 SA returns 5 years before they dreamt up BN66.

I know of people in another scheme whose 2004/5 tax returns are under enquiry, and there is still no sign of closure.

[Fred Bloggs]

I didn't say I wanted to apply, I assumed your website might have some more info since you won't post it here.

Fills you with confidence, eh? The websites I've looked at previously for these schemes don't even really tell you that you are joining a tax avoidance system. They look pretty much like a regular brolly to me when I've looked at them. Certainly, there is usually nothing that tells you in detail how the scheme works and what the risks are. That's one of the reasons I have no time whatsoever for them.

[Vallah]

I didn't say I wanted to apply, I assumed your website might have some more info since you won't post it here.

The new website will be available from April onwards.

[jmo21]

Fills you with confidence, eh? The websites I've looked at previously for these schemes don't even really tell you that you are joining a tax avoidance system. They look pretty much like a regular brolly to me when I've looked at them. Certainly, there is usually nothing that tells you in detail how the scheme works and what the risks are. That's one of the reasons I have no time whatsoever for them.

Indeed..... no chance of me using one of these schemes.

As someone else said, if it's only going to gain you an extra 6 or 7% (whatever the figure suggested was), to me it's hardly worth the worry of any potential investigation down the line.

[geoff from contracta IOM]

feel free to look at contracta.im

[Clare@InTouch]

feel free to look at contracta.im

How the structure works?
•You will be engaged as a self-employed contractor and will agree to supply your services to Contracta
•Contracta will make an onward supply of your services to its clients. In exchange, you will receive a set monthly retainer which you will have to pay NIC and tax on
•Additional income arising will be retained by Contracta and will be paid to a Contractor Trust
•You and your family may apply to the Trust for loans from time to time

And how does this fit in the with the new HMRC view on loans?