What's the most ridiculous....

[LisaContractorUmbrella]

Plan B

I am sole shareholder of MyCo
MyCo has contract to supply Oude Joris Holdings
Oude Joris Holdings has contract to supply
ShellCo (registered in England)
ShellCo invoices ClientCo for £10,000 + £VAT.
Oude Joris Holdings invoices ClientCo for £12,000
Oude Joris Holdings lends funds to Oude Joris Benefit Trust
Oude Joris Benefit Trust lends me £12,000 in a fast depreciating foreign currency loan and then writes it off.
MyCo invoices Oude Joris Holdings for £10,000.
Oude Joris Holdings fails to pay.
MyCo claims £9,000 from its export credit insurer, distributed as dividends following CT.
ShellCo goes under when VAT man comes knocking.


Monthly return on £10,000 contract value = approx. £18,000.

Now you're just being silly

[Old Greg]

Now you're just being silly

But I have a QC opinion.

[cojak]

Btw OG, how did the issue of the 1st tranche of Oude Joris Bewdetter Guaranteed Return Bonds go?

[eek]

Plan B

I am sole shareholder of MyCo
MyCo has contract to supply Oude Joris Holdings
Oude Joris Holdings has contract to supply
ShellCo (registered in England)
ShellCo invoices ClientCo for £10,000 + £VAT.
Oude Joris Holdings invoices ClientCo for £12,000
Oude Joris Holdings lends funds to Oude Joris Benefit Trust
Oude Joris Benefit Trust lends me £12,000 in a fast depreciating foreign currency loan and then writes it off.
MyCo invoices Oude Joris Holdings for £10,000.
Oude Joris Holdings fails to pay.
MyCo claims £9,000 from its export credit insurer, distributed as dividends following CT.
ShellCo goes under when VAT man comes knocking.


Monthly return on £10,000 contract value = approx. £18,000.

There is no ambition there. Could you save up 3 months of invoices and invoice them in a single period. £54,000 sounds better for what could only be a 1 off plan.

[Old Greg]

There is no ambition there. Could you save up 3 months of invoices and invoice them in a single period. £54,000 sounds better for what could only be a 1 off plan.

That is close to the approach. I was just averaging it out to show the return.

[Old Greg]

Btw OG, how did the issue of the 1st tranche of Oude Joris Bewdetter Guaranteed Return Bonds go?

Very successful thank you.

[DaveB]

Without wanting to taint the reputation of OG's doubtless 100% legitimate offering these guys are STILL offering over 100% guarenteed take home.

Look everyone someone's planted some beans

Contractor Angels

[Old Greg]

I was quietly wondering to myself if anyone offered over 100%.

I love moneytrees.

As long as it's based on sound accounting practices underpinned by a QC opinion, there should be no cause for concern.

[bobspud]

take home pay percentage you have seen? We've seen one offering 85% for a mere 12% of your contract value - £1200 per month on £500 per day

This leaves 3% for HMRC - sure they'll be delighted

By google standards that's generous

[SueEllen]

As long as it's based on sound accounting practices underpinned by a QC opinion, there should be no cause for concern.

OG I've sent you a PM.