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Where's the catch?

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    #11
    Originally posted by Old Greg View Post
    While I am put off by thei inability to spell 'usual', I am reassured by the £ signs flying out of the laptop screen.

    It's all so confusing.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

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      #12
      Originally posted by p3t3 View Post
      These guys promise 15% total tax under their, presumably umbrella, arrangement.

      Where's the catch?

      w ww.best-pay.co.uk - BESTPay - How It Works
      Ok I will answer the question. The catch will be when you have to prove that you are not disguising income through loans via a trust or an exception in the finance act. The Scheme will be perfectly legal but your use of disguising income will not and you better make sure all the documentation and payment processes are water tight otherwise hmrc will have an easy job unravelling the scheme. No scheme is HMRC compliant and a QC opinion is just that an opinion.

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