Something is afoot with AML/Knox

[eazy]

I used them for Accountancy services only - they prepared company annual accounts only. Never joined any of their schemes, was contacted by HMRC re loans but got all clear. They were local, 5 min drive from the office. Since they have closed their local office and moved to Birmingham, looking for a new accountant.

[WTFH]

...
Well, Carnegie Knox have relocated to the same address as Wharfside, and that address has A LOT of companies recently changed address to there.
Both Carnegie Knox and Wharfside are still operating, but Wharfside are about to take on their customers (under the guise of rebranding).

This is due to happen in August.

It happened in August, and then in December Carnegie Knox became CKBL and is a bit late filing their accounts.

I'm going to throw a new name into the mix now: Innovate Global. I've no idea what it's going to be used for, but stay away from them.

Other names to watch out for: Soldaldo and Perree (both of whom are based in the BVIs, but are very recent)

[cojak]

And all in public records!

[eek]

Not 100% sure which thread was the best one to post this on so this one will do

https://taxpolicy.org.uk/2024/03/04/..._shadow_fraud/

Dan Neidle has evidence that MR Barrowman committed fraud by misrepresenting which company workers were working through (paperwork UK company, but employer and (probably) money going direct to the Isle of Mann).

[cojak]

Not 100% sure which thread was the best one to post this on so this one will do

https://taxpolicy.org.uk/2024/03/04/..._shadow_fraud/

Dan Neidle has evidence that MR Barrowman committed fraud by misrepresenting which company workers were working through (paperwork UK company, but employer and (probably) money going direct to the Isle of Mann).

Could you copy this to Couldn’t happen to a nicer couple - Contractor UK Bulletin Board please Eek?

Ta!

[woody1]

paperwork UK company, but employer and (probably) money going direct to the Isle of Mann

Most schemes had this setup. By about the mid-noughties, agencies wouldn't touch anything IoM, so the schemes had to insert a UK company which the agencies probably assumed was a regular brolly.

[eek]

Most schemes had this setup. By about the mid-noughties, agencies wouldn't touch anything IoM, so the schemes had to insert a UK company which the agencies probably assumed was a regular brolly.

and suddenly you go from tax avoidance (which the employee gets shafted about) to fraud, which is a definite criminal offence...

[woody1]

and suddenly you go from tax avoidance (which the employee gets shafted about) to fraud, which is a definite criminal offence...

With virtually every scheme the money flowed like this:

Agencies ➔ UK "front company" ➔ IoM entity ➔ Contractors

If it is fraud, then HMRC have known this for more than 20 years.

[eek]

With virtually every scheme the money flowed like this:

Agencies ➔ UK "front company" ➔ IoM entity ➔ Contractors

If it is fraud, then HMRC have known this for more than 20 years.

In this case I suspect a lot of the money didn’t go to the UK front company but straight to the IoM company.

but it’s fraud by misrepresentation if SmartPay UK say Jane Smith is employed by SmartPay UK when she’s actually employed by SmartPay IoM

[woody1]

A few years ago I pulled the accounts from the mid-2000s, off Companies House, for one of these IoM scheme UK front companies. It was turning over £59m a year, and £57m went straight out the back door (ie. to the IoM). After paying wages for a handful of staff and office rent, it only made a tiny profit, and paid sod all CT.