• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

What's the most ridiculous....

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    What's the most ridiculous....

    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
    Connect with me on LinkedIn

    Follow us on Twitter.

    ContractorUK Best Forum Advisor 2015

    #2
    Originally posted by LisaContractorUmbrella View Post
    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
    Someone on here was offering 120% via some Dutch Antilles/VAT err, scheme..


    Sent from AIX using vi

    Comment


      #3
      [QUOTE=stek;1782070]Someone on here was offering 120% via some Dutch Antilles/VAT err, scheme..


      So what's their sales patter - they are alchemists who have discovered how to turn base metals into gold?
      Connect with me on LinkedIn

      Follow us on Twitter.

      ContractorUK Best Forum Advisor 2015

      Comment


        #4
        Originally posted by stek View Post
        Someone on here was offering 120% via some Dutch Antilles/VAT err, scheme..


        Sent from AIX using vi
        You remember my Oude Joris scheme. Funnily enough, I had three enquiries via PM.

        Comment


          #5
          Originally posted by LisaContractorUmbrella View Post
          So what's their sales patter - they are alchemists who have discovered how to turn base metals into gold?
          It was very simple. You invoice including the VAT via a series of shell companies that disappear when the VAT man comes looking. Meanwhile, as an individual you receive six weekly loans in a fast depreciating foreign currency via a Trust in a third jurisdiction, that is then written off by that trust for tax puropses.

          Comment


            #6
            Originally posted by Old Greg View Post
            It was very simple. You invoice including the VAT via a series of shell companies that disappear when the VAT man comes looking. Meanwhile, as an individual you receive six weekly loans in a fast depreciating foreign currency via a Trust in a third jurisdiction, that is then written off by that trust for tax puropses.
            Sounds legit

            Comment


              #7
              Originally posted by Bunk View Post
              Sounds legit
              It is. PM me for details.

              Comment


                #8
                Originally posted by Old Greg View Post
                It was very simple. You invoice including the VAT via a series of shell companies that disappear when the VAT man comes looking. Meanwhile, as an individual you receive six weekly loans in a fast depreciating foreign currency via a Trust in a third jurisdiction, that is then written off by that trust for tax puropses.
                genius!
                Connect with me on LinkedIn

                Follow us on Twitter.

                ContractorUK Best Forum Advisor 2015

                Comment


                  #9
                  Originally posted by LisaContractorUmbrella View Post
                  genius!
                  And what % does your scheme return?

                  Comment


                    #10
                    Originally posted by Old Greg View Post
                    And what % does your scheme return?
                    Definitely less than 120% but I think it might be a bit safer
                    Connect with me on LinkedIn

                    Follow us on Twitter.

                    ContractorUK Best Forum Advisor 2015

                    Comment

                    Working...
                    X