breeze

[speling bee]

Unless your insurance covers legal costs, tax owing, penalties and fines you should be making no claims regarding risk and certainly not including the words zero or low

And puts you in the postion you would have been in otherwise:

Salary and dividends taken to higher rate threshold each year (backdated over the period of investigation)
Divis split with spouse, if relevant
Pension contributions made over past years if desired

If insurance covers that, then I may be in. Otherwise I'm seriously out of pocket.

[speling bee]

I notice that the insurance you have on place simply insures against the fees paid in the event of successful challenge. The back tax, NI, penalties and interest would still be down to the contractor of course. Phil, this isn't "risk free", or even low risk - it is one of the riskiest ways of working in this market. The fact that you publicise it on here means that without any doubt the Revenue will be all over it, and all the contractors that might use it. Blatant, artificial tax avoidance which this is, is on the top of the Revenues radar and will remain so I'm sure for the foreseeable future.

The scheme provider won't be the one carrying the can if and when this gets investigated, it will be the contractors. Again.

But their advertisement clearly says:

- Not a tax avoidance scheme
- HMRC recognised

What do they mean by that?

[Vallah]

Unless your insurance covers legal costs, tax owing, penalties and fines you should be making no claims regarding risk and certainly not including the words zero or low

Didn't Phil say that they are disclosing the scheme and that HMRC therefore couldn't impose fines? I can't be bothered going back through all the pages to check.

[porrker]

They don't have to use a DOTAS number because Discretionary Trusts report all payments to HMRC.

[speling bee]

Letter from ASA. They are opening a formal investigation. Will update.

[SLB]

Letter from ASA. They are opening a formal investigation. Will update.

Any update on this yet?

Would be interested to hear what they have to say. Thanks.

[prozak]

revenue breakdown

Dear Breeze People,

One question you have avoided.

Please provide a breakdown of the funds.

For example: A person generates 100k revenue in a contract during a year.

Exactly how much of this is distributed and to whom?

Why are you only providing 85% return to the tax payer?

Thanks

[Vallah]

Dear Breeze People,

One question you have avoided.

Please provide a breakdown of the funds.

For example: A person generates 100k revenue in a contract during a year.

Exactly how much of this is distributed and to whom?

Why are you only providing 85% return to the tax payer?

Thanks

Because there's a fee for their service?

[speling bee]

Any update on this yet?

Would be interested to hear what they have to say. Thanks.

Will chase them up and report back. They have revamped their website and all the 'zero risk' and minimal risk has disappeared.

I'd like to question further:

A demonstrable, successful 21 year track record
Compliance confirmed twice in Court

[speling bee]

Any update on this yet?

Would be interested to hear what they have to say. Thanks.

Got a letter yesterday.

...You had, as you know, challenged the claims that their service was risk-free. We have discussed with Breeze Wealth the way in which those claims were likely to be understood. Although Breeze Wealth considered that there were grounds for making claims for their service, they confirmed that they had removed claims that their service was "risk-free" from their advertising and from the website...

I still find their advertising odd.

Recognised by HMRC – not a Tax Avoidance Scheme

Compliance | Breeze Wealth

Can Breeze tell us where we find details of this recognition? It would be quicker than putting another complaint into the ASA.