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Thanks, but I'm after the list of schemes/providers, more so than nameless SRNs. Or ideally, a schemes AND their SRNs, but that sounds it's not publicly available.
I'll second that.
At 3500 contractors, each staying with Cascade for ~ 3 years, earning say 100k/year, that's 1 billion turnover over their lifespan. Or 110 million in 11% fees. Rough estimate of course, could be double that, could be half. Not a bad 'scheme' for a company of such small size...
So just their remaining (presumingly active) clients? Would have thought non-active members be given heads up too. Are there any public posts on the subject?
What is the "potential bankruptcy support" group, how do I join?
Can you share how you've found out about them closing? I received their recent contractor updates, which didn't stipulate closure, but then again their website's down...
Creative indeed, not just in terms of HMRC, but also scheme participants. As soon as their schemes stop attracting fresh punters, they switch the business model to a paid for "scheme defence". Should keep the lights on for the next 5 years or so. Scary part, they do suck in a fair share of...
I'm not surprised, if I was a promoter I'd also make sure I'm hard to sue. Though all it takes is 1 precedent, and dominos might fall.
Thanks for your input though!
Not according to my tax returns.
My mistake, the trust is dormant.
The promoter presented himself as an expert in the area. In this day and age, myself and obviously others, follow the advice of the experts, be it doctors, mechanics, builders, umbrella companies. If I pay these...
In my case there's 2 types of entities: the trusts (aka employers) and the promoter of tax schemes. The trusts ceased to exist but the promoter has been active in the same capacity since I've joined them. In theory the promoter is just the middle man, in practice he's the only interface I've had...
Is there an appetite for contractors to go after the promoters, before HMRC gets their hands on them? Seems like they are the main beneficiaries of their risky schemes, firstly pocketing structure/admin fees, now living off the litigation process. If they returned structure/admin/litigation...