Reply to: limited company double taxation benefit

[eek]

It will. I said only when.
Do you know where is he tax resident?

Given that we are on CUK and I've seen that email multiple times in the U.K. So it won't work.

The problem here is that I really don't like any if, buts or maybes when it comes to these schemes.

The important thing to remember is that tax avoidance schemes are fine if you are intelligent, understand exactly what the purpose is, know the appropriate questions to ask and have enough spare cash to both pay the possible final bill from HMRC after the £100,000 or so it would cost to go to a tax tribunal.

None of that is true for any of the people these scamsters are trying to sell the scheme to, so it's better to say in big letters

dont be so stupid

And leave it at that.

[kolata]

So it won't work....

It will. I said only when.
Do you know where is he tax resident?

[eek]

This can generally work only if you move to India and be tax resident there (i.e. live there 6months+1 day /year). Then you can be seconded in the UK.
All legit, but if you are not tax resident in India, stay away.

So it won't work....

[kolata]

This can generally work only if you move to India and be tax resident there (i.e. live there 6months+1 day /year). Then you can be seconded in the UK.
All legit, but if you are not tax resident in India, stay away.

[DonkeyRhubarb]

If you want to reduce your tax bill, pay into a pension or something.

Don't go anywhere near this kind of shít.

Learn from the thousands of others who used similar schemes and who have faced years of uncertainty and pain.

Whatever the apparent tax saving, trust me, it ain't worth it.

[eek]

I would like to add - well done to the OP for coming on CUK and asking. Plenty will just go ahead without doing their own research. That is what I find really scary....

That is what they are counting on.

[BrilloPad]

I would like to add - well done to the OP for coming on CUK and asking. Plenty will just go ahead without doing their own research. That is what I find really scary....

[BrilloPad]

Sounds like Blatant tax avoidance to me.

Its either a tax avoidance scheme that will never work or evasion.

If you do it, put all the tax "saved" into a CTD. Then see if HMRC allow it. You should know in about 30 years.....

[eek]

It's genuine. It's also f***ing insane and just going to land you in a world of pain down the line but the scammers won't care about that - they will switch the phone off and leave you to it.

It's really quite simple when it comes to money. Set up a limited company, get an accountant and ensure the money you earn gets under your control asap.

If someone is offering you what looks like a good deal, then they will be something in it for them. There may not necessarily b anything in it for you.

Remember they only ever mention the good bits. The rest is just missed out for those without the knowledge to work out what is missed out in the gaps.

[NotAllThere]

Pass it on the HMRC for an opinion.

[Wijay@WISAccountancy]

Hi
I got a email saying the below. Do you see this genuine?
- You will be an employee of our UK Organization.
- You will be paid salary by our UK company with PAYE deducting taxes.
- You also become an employee of our Indian counterpart and get paid salary in the UK plus Per Diem as living expenses which can be paid up to £250 maximum tax free.
- Tax will be deducted in India @ 10% on gross salary so no further tax liability remains in the UK according to the Double Taxation Treaty between UK-IND.
- All Global consulting companies who sends their employees to UK, follow the same route of paying per diem rather than all in salary to save taxes as employee benefit.
- We adopt the same method which is proven and used by HMRC.
- You get TAX Form 16 for the earnings you make in India, which is equivalent to P60 in the UK.

- As there is a treaty between India and UK for single taxation you can declare all your Indian income on your self assessment attaching Form 16, HMRC will credit your tax and you will be liable for no further tax as it is already being paid.
- At the end of the financial year you would be receiving P60 and Form 16

[Jessica@WhiteFieldTax]

May work, note may, for a non dom, especially if domicile D in India to start with.

But it's not mainstream.

[northernladuk]

No mention of it being QC Approved. Because of that I am out

Not sure it's 100% relevant due to the convoluted setup you've mentioned but have a look at this.

The Truth behind 'Approved' Umbrella Companies | Contractor Umbrella

Plenty of other guides along the same lines that might be a closer fit to your situation but still, food for thought.

[Darren at Fox-Bartfield]

Oh Dear

Hi
I got a email saying the below. Do you see this genuine?
- You will be an employee of our UK Organization.
- You will be paid salary by our UK company with PAYE deducting taxes.
- You also become an employee of our Indian counterpart and get paid salary in the UK plus Per Diem as living expenses which can be paid up to £250 maximum tax free.
- Tax will be deducted in India @ 10% on gross salary so no further tax liability remains in the UK according to the Double Taxation Treaty between UK-IND.
- All Global consulting companies who sends their employees to UK, follow the same route of paying per diem rather than all in salary to save taxes as employee benefit.
- We adopt the same method which is proven and used by HMRC.
- You get TAX Form 16 for the earnings you make in India, which is equivalent to P60 in the UK.
- As there is a treaty between India and UK for single taxation you can declare all your Indian income on your self assessment attaching Form 16, HMRC will credit your tax and you will be liable for no further tax as it is already being paid.
- At the end of the financial year you would be receiving P60 and Form 16

[MrMarkyMark]

Only for ICT's!!

Great way to export GDP