I'm also going to add a bit of a disclaimer and provoke a few thoughts.
This is something we have been looking at for perhaps 18 months now.
We have explored a number of ideas and rejected them for various reasons.
We do have one particular idea however that "may" (permissive and not imperative sense) be able to handle the majority of the tax and corporate issues.
When we discussed this with one of the bodies who accredit umbrellas and intermediaries, to say that they were skeptical would be an understatement.
It seems therefore that if we launched it (we have not), then it would not have accreditation at least until HMRC had investigated and given it a clean bill of health (or more likely, looked at it, opened an enquiry, stalled the process, made new legislation to prevent it), no stamp of approval would be forthcoming.
How many end clients would deal with that entity (assuming that PSLs become a thing of the past - itself something that will not happen overnight).
This is something we have been looking at for perhaps 18 months now.
We have explored a number of ideas and rejected them for various reasons.
We do have one particular idea however that "may" (permissive and not imperative sense) be able to handle the majority of the tax and corporate issues.
When we discussed this with one of the bodies who accredit umbrellas and intermediaries, to say that they were skeptical would be an understatement.
It seems therefore that if we launched it (we have not), then it would not have accreditation at least until HMRC had investigated and given it a clean bill of health (or more likely, looked at it, opened an enquiry, stalled the process, made new legislation to prevent it), no stamp of approval would be forthcoming.
How many end clients would deal with that entity (assuming that PSLs become a thing of the past - itself something that will not happen overnight).
Comment