Reply to: Isle of Man/self employed questions

[BrilloPad]

That's because they are lovely people.

I think they want to see the scheme through - they have QC opinion that it is watertight. And of course they arn in the meantime.

of course the big question is what happens IF the chancellor declares that the legislation on which montpelier relies is legal.

[TheFaQQer]

montpelier will back you all the way.

That's because they are lovely people.

[BrilloPad]

How do they function outwith the clutches of Hector; Interested in a new scheme having been out of the UK for 3 years and moving on to next European destination. marks out of 10?

well there are skill cases against Hector going back 6 years. hector still has not landed a decent punch. it just uses scare, bully boy tactics to intimidate. IF they go for you be prepared for a rough ride - but montpelier will back you all the way.

[BrilloPad]

From Pay Hubs website: the individual is self employed and is 'soley responsible for their own tax and NI payments'. It says you file your tax through self-assesment, no mention of Ltd company and money from the contract goes through Pay Hub so you may just register as a sole trader. So either it's an MSC or a waste of time.

once again not true - gosh this thread is getting full up of people guessing.

[BrilloPad]

You need to bear in mind that setting up a company registered in IOM that is not based there is illegal! whilst being an attractive and lucrative option, it represents a very high risk level!

This is just not true. it is a risk - but not high risk.

[THEPUMA]

From Pay Hubs website: the individual is self employed and is 'soley responsible for their own tax and NI payments'. It says you file your tax through self-assesment, no mention of Ltd company and money from the contract goes through Pay Hub so you may just register as a sole trader. So either it's an MSC or a waste of time.

It can't be an MSC. Who would be the MSC Provider?

[Skillo]

From Pay Hubs website: the individual is self employed and is 'soley responsible for their own tax and NI payments'. It says you file your tax through self-assesment, no mention of Ltd company and money from the contract goes through Pay Hub so you may just register as a sole trader. So either it's an MSC or a waste of time.

So what scheme do you use?

[ThePhoon]

Iom

You need to bear in mind that setting up a company registered in IOM that is not based there is illegal! whilst being an attractive and lucrative option, it represents a very high risk level!

[LisaContractorUmbrella]

From Pay Hubs website: the individual is self employed and is 'soley responsible for their own tax and NI payments'. It says you file your tax through self-assesment, no mention of Ltd company and money from the contract goes through Pay Hub so you may just register as a sole trader. So either it's an MSC or a waste of time.

[Skillo]

If you want to go IOM the best(only) way is montpelier.

Alot of people here dont like them - but I do.

Have you read the Sanzar thread?

How do they function outwith the clutches of Hector; Interested in a new scheme having been out of the UK for 3 years and moving on to next European destination. marks out of 10?

[BrilloPad]

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

Ands perhaps you could define "fair". There are soooo many rukes and regulations. Why not simplify it a bit?

[BrilloPad]

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

I think the Labour Government(Oxymoron?) is doing enough of this already.

[fridge]

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

The GF has a friend whos on a contract and a nurse working outsde Ir35 so how does that work?

[Hector]

Hi,

Before I set out...I want to point out that I'm not trying to avoid tax in any way...simply maximise my income.

Anyone who does not pay their fair share of tax is effectively dipping their hands into the pockets of the hard working nurses and teachers of this country.

[Harrysp]

Looking very briefly at the numbers, is there that much of a difference on your take home? as from my ltd I have all my expenses motor (24k miles pa), lunch couple a quid a day, company blackberry etc and I assume that these would be coming out of my taken home pay if I went and joined up with Sanzars or others of that ilk?