Datamatics - retain 90% of your day rate blah blah

[mdhd]

Kept calling so I decided to finally listen what he had to offer. Retain 90% of your day rate, and they work with Barclays, CG, Dell etc.

And after asking to remove me from their list, still got the email saying it was pleasure talking to you.

Process
- You will be an employee of our UK Organization.
- You will be paid salary by our UK company with PAYE deducting taxes.
- You also become an employee of our Indian counterpart and get paid salary in the UK plus Per Diem as living expenses which can be paid up to £250 maximum tax free.
- Tax will be deducted in India @ 10% on gross salary so no further tax liability remains in the UK according to the Double Taxation Treaty between UK-IND.
- All Global consulting companies who sends their employees to UK, follow the same route of paying per diem rather than all in salary to save taxes as employee benefit.
- We adopt the same method which is proven and used by HMRC.
- You get TAX Form 16 for the earnings you make in India, which is equivalent to P60 in the UK.
- As there is a treaty between India and UK for single taxation you can declare all your Indian income on your self assessment attaching Form 16, HMRC will credit your tax and you will be liable for no further tax as it is already being paid.
- At the end of the financial year you would be receiving P60 and Form 16

[DimPrawn]

- Tax will be deducted in India @ 10% on gross salary so no further tax liability remains in the UK according to the Double Taxation Treaty between UK-IND.

That's bollox.

With a double taxation treaty, you can use the 10% paid in India to offset your tax liability here, so if you owe 40% here and have paid 10% in India, you'd pay 30% here.

Ask your accountant. Double tax treaty means you don't pay more than the higher liability in the two countries.

[flamel]

Number noted and blacklisted.

I prefer the "not working method" of tax avoidance myself - saves all the hassle with the cotton runts at HMRC.

Or working overseas - better weather and the tax is usually lower.

[NotAllThere]

I prefer the "not working method" of tax avoidance myself...

Nice approach, but I prefer the opposite tack of "earning more" to maximise my net income. (Having already moved to a lower taxed country).

[AtW]

- Tax will be deducted in India @ 10% on gross salary so no further tax liability remains in the UK according to the Double Taxation Treaty between UK-IND.

If (maybe) you are a tax resident in India...

[flamel]

Nice approach, but I prefer the opposite tack of "earning more" to maximise my net income. (Having already moved to a lower taxed country).

I like this thinking - all I need to do I change my name too and I could have a good life without the twunts at HMRC

[LondonManc]

Poor fecker who voiced It's A Trap. Overused and gone too soon.

[BrilloPad]

I might do this to try to pay back what HMRC claim I owe them from the other avoidance schemes.

[SueEllen]

You may as well report them linky Scroll down to "What can I do if I am receiving nuisance live marketing calls?" and complete report a concern.

I tend to get text messages from those companies so report them to my mobile provider.

[greenlake]

- Tax will be deducted in India @ 10% on gross salary so no further tax liability remains in the UK according to the Double Taxation Treaty between UK-IND.

Ask your accountant.

I asked my trusty accountant. It all sounds kosher to me....