Originally posted by zingdoozer
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They are a reasonably big company, with interests in lots of other pies besides tax planning. In fact, I think most of their business now is in financial services. The contractor scheme is only one of several schemes they operate, and they have a proven track record of fighting HMRC.
I would beware of any outfit that was set up just to run a contractor scheme, and that has no other business interests. It is all too easy for the company to shut up shop when HMRC comes knocking and leave you in the lurch.
Don't take too much notice of QC opinion either. An opinion is just that, and it could just be what the promoter wants to hear. Also, it ain't worth the paper it's written on unless the company is still going to be around in X years time to defend the scheme through the Courts.
EDIT
If you want to find out what a promoter is really made of, find out if they have ever successfully defended a tax planning arrangement at the Special Commissioners or the High Court, and ask to see details of the court case.
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