Self employed but with own Ltd Co

[stek]

Hi there, im not sure why my posts have been deleted. I saw that myself, i presumed the forum had deleted them.

I am from Huddersfield and work in huddersfield but i have family in the Isle of Man. My postcode in Huddersfield is (snip) - that is my humble abode.

I was born on the Isle of Man and moved to huddersfield after going to university there.

What is with the detective work?? I didnt realise i had done anything wrong.

Also, what does pm mean?? Sorry, i dont really know the forum lingo.

An ITGEEK doesn't know what 'pm' means? Come on!

I live in Leeds and never heard of any contractor-friendly place in Huddersfield, though there could be! Be interested to know where you are contracting.

Aside from this, whether you are a shill or not, HMRC will spit you out if you continue with these dodgy scheme, that much we all agree on.

Anyway, didn't Admin state ur IP is in IoM, you you still claim to be in Hudd? Where are you based right now?

[Imperial Knight]

Helix - the aggresive tax avoidance(?) mechanism

For those who are interested Helix is a micro operation headed by a used photocopier salesman, a tactful salesman perhaps, but not the best to advise the public on tax matters, certainly not qualified to do so. Their office location I have seen with my own eyes is 'up a back alley' and not in the core financial zone of the island.
This scheme, like many others on this island, is a bastadisation of an original concept which over time has become less and less likly to stand up to an attack by HMRC. The claims that KPMG are supporting this are suspect, at least the partner at KPMG who I spoke to didnt think they were.
The Isle of Man is doing itself a diservice by allowing this type of unregulated activity to go on. Their executives constantly become irrate at the mention of their island being a Tax Haven however there doesnt seem to be any action in licencing or monitoring the types of companies who provide shady aggresive tax avoidance services. Honest contractors are being fooled and led into schemes by smart websites and sharp salesmen.

[tractor]

...

ITGEEK - I PMd you yesterday evening to ask your location. As you have not been kind enough to answer me I thought I would look it up. The IP address you have been posting from is based in the IoM. Care to explain?

Deleting your posts once they have been quoted is sheer genius too

This made me lol, so I looked up the potential for this scheme and found two relevant tax regulations and they were both covered by Geek Financial Policy 101 vis;

• CYA Manual Section 102.43, sub section a: There is no such thing as a free lunch.
  
• CYA Better Manual Section 1: If something looks too good to be true, it probably is.

If this guy is claiming to be posting from Hudds with an IOM IP and doesn't see that he has been caught out, I give up.
ITGEEK do you really expect anyone to believe you signed up with an IOM proxy by accident and you are ACTUALLY not associated with this lot?

[geoff from contracta IOM]

To the OP

It does not work , the DR legislation announced nearly a year ago talks about " relevant steps" in order for the funds to make their way to the trust . If it is your Ltd. Co. and you take the decision at any time to allocate company funds for the purpose of providing a benefit through a trust you will be caught by the legislation under part 7A. Operating this way is no different to attempting to still use an EBT and they as we all know are no longer legal to use in this context.

If you want to PM me I can discuss in more detail and there is potentially a solution.