Reply to: Does anyone use Fleming Laing?

[pmeswani]

Whilst it may be, in your opinion, "wrong on so many levels" .... it is not "illegal"! thats the important bit to remember :-)

Have you asked HMRC if they view it as illegal?

[cojak]

Whilst it may be, in your opinion, "wrong on so many levels" .... it is not "illegal"! thats the important bit to remember :-)

Until the tax man comes a'knockin', that is...

[FairyQueen]

Wrong on so many levels...

Whilst it may be, in your opinion, "wrong on so many levels" .... it is not "illegal"! thats the important bit to remember :-)

[wacky77]

Hi

I use Fleming Laing and if you ask them to send you the legal stuff to confirm the set up they will - in short, you will no longer be self-employed you will be an empployee of Fleming - so you are no longer responsible for your own tax, but Fleming Laing are responsible for paying your tax. They take your tax and NI at source and pay it - they give you a PAYE reference so that you can check with HMRC yourself.

The off shore bit - enables them to avoid Corporation Tax and as such they pass the savings onto you.
tax and NI - you are the employee, they are responsible for paying it
Company going bankrupt - if fleming laing go under HMRC chase them, not you
Tax - as YOU are in the UK YOU are liable for UK tax and NI so you are NOT avoiding tax, it is taken from you and paid to HMRC at source.
Why such good return - because the company is registered in Isle of Man where you don;t have to pay Corporation Tax - hence they save and pass onto you.

Without knowing the full details, I don't really get how people comment on "if its legal or not" Would you provide a review on a BMW if you owned a Merc? No - because you wouldn't have the knowledge/experience of the drive etc

An opinion is a belief or judgment that rests on grounds insufficient to produce complete certainty. People will always offer an opinion - its human nature. Its your money do what you want with it

From what you have said it sounds similar to a company I used b4 and I never had any issues. There are thousands of companies reg in tax havens for a reason - to save corp tax - its nothing new. If your reg in the UK, have a PAYE reference that you can check and the company are happy to send you all legal stuff whats the issue? If they don't send you what you want in writing to back up their claims, then yes I would personally be a little wary but that's only my opinion.

[Wanderer]

...blah blah... return between 75-80% ...blah blah... off shore ...blah blah... Isle of Man ...blah blah... Luxemburg ...blah blah... supposedly "legit"

This question comes up time and time again. Why don't we have a sticky: "I've heard of an off shore scheme which returns 85% plus of your income, fully legit, HMRC approved, no further tax to pay, blah, blah, blah" with a fair and balanced view of how it works with an assessment of the risks and a few pointers, like to BN66 and what happened to them?

[losing the will to live]

Hi

I use Fleming Laing and if you ask them to send you the legal stuff to confirm the set up they will - in short, you will no longer be self-employed you will be an empployee of Fleming - so you are no longer responsible for your own tax, but Fleming Laing are responsible for paying your tax. They take your tax and NI at source and pay it - they give you a PAYE reference so that you can check with HMRC yourself.

The off shore bit - enables them to avoid Corporation Tax and as such they pass the savings onto you.
tax and NI - you are the employee, they are responsible for paying it
Company going bankrupt - if fleming laing go under HMRC chase them, not you
Tax - as YOU are in the UK YOU are liable for UK tax and NI so you are NOT avoiding tax, it is taken from you and paid to HMRC at source.
Why such good return - because the company is registered in Isle of Man where you don;t have to pay Corporation Tax - hence they save and pass onto you.

All I can say is this (as most of my posts get deleted by the administrator - no hard feelings)- get out whilst you still can - there is plenty of intel on the web to convince you!

[malvolio]

Hi

I use Fleming Laing and if you ask them to send you the legal stuff to confirm the set up they will - in short, you will no longer be self-employed you will be an empployee of Fleming - so you are no longer responsible for your own tax, but Fleming Laing are responsible for paying your tax. They take your tax and NI at source and pay it - they give you a PAYE reference so that you can check with HMRC yourself.

The off shore bit - enables them to avoid Corporation Tax and as such they pass the savings onto you.
tax and NI - you are the employee, they are responsible for paying it
Company going bankrupt - if fleming laing go under HMRC chase them, not you
Tax - as YOU are in the UK YOU are liable for UK tax and NI so you are NOT avoiding tax, it is taken from you and paid to HMRC at source.
Why such good return - because the company is registered in Isle of Man where you don;t have to pay Corporation Tax - hence they save and pass onto you.

Wrong on so many levels...

[FairyQueen]

Fleming Laing is ok

Hi

I use Fleming Laing and if you ask them to send you the legal stuff to confirm the set up they will - in short, you will no longer be self-employed you will be an empployee of Fleming - so you are no longer responsible for your own tax, but Fleming Laing are responsible for paying your tax. They take your tax and NI at source and pay it - they give you a PAYE reference so that you can check with HMRC yourself.

The off shore bit - enables them to avoid Corporation Tax and as such they pass the savings onto you.
tax and NI - you are the employee, they are responsible for paying it
Company going bankrupt - if fleming laing go under HMRC chase them, not you
Tax - as YOU are in the UK YOU are liable for UK tax and NI so you are NOT avoiding tax, it is taken from you and paid to HMRC at source.
Why such good return - because the company is registered in Isle of Man where you don;t have to pay Corporation Tax - hence they save and pass onto you.

[interceptor]

I was with Sunday/Bradbury then went on to Von Essen. I have been with Fleming for a month or so but have now decided to go for my own limited company.

[MarillionFan]

Just pay your tax you bloody tax dodger!

Sheesh!

[BrilloPad]

Hi, I am considering using this company as they "claim" they can return between 75-80% through their off shore connections (Isle of Man and Luxemburg) - however you still claim your entire groos income to the HMRC so is supposedly "legit".

They seem to be a new consultancy so I'm a little weary. Also they said they have up to 300 of ex Sunday Consulting clients.

Any info or feedback would be much appreciated!

The "only" offer 75% to 80%? You should try one of the 85% schemes. Or try the BrilloPad 95% guaranteed income scheme.

[LisaContractorUmbrella]

Thanks for the responses - Ok, sounds like they might not be that trustworthy with their model. Also I see that they only formed in April 09, exactly the time that Sunday folded -

So, I am also looking at Charles Marcus (off shore based) as they specilise on non-Domicile UK contractors - anyone had any experiences with them?

If you are tax resident in the UK and your income is earned in the UK you are liable for UK tax. Or you can join one of these schemes and wait for HMR&C to extract lots and lots of money from you at some point over the next seven years.

[Fred Bloggs]

You're getting good advice here, in my opinion either you're too dumb to take good advice or you're now going to tell us how wonderful this scheme is and ask us why we don't want to join. Am I right?

[ciao]

Thanks for the responses - Ok, sounds like they might not be that trustworthy with their model. Also I see that they only formed in April 09, exactly the time that Sunday folded -

So, I am also looking at Charles Marcus (off shore based) as they specilise on non-Domicile UK contractors - anyone had any experiences with them?

[pmeswani]

Hi, I am considering using this company as they "claim" they can return between 75-80% through their off shore connections (Isle of Man and Luxemburg) - however you still claim your entire groos income to the HMRC so is supposedly "legit".

They seem to be a new consultancy so I'm a little weary. Also they said they have up to 300 of ex Sunday Consulting clients.

Any info or feedback would be much appreciated!

You don't sound convinced that they can give you a rate of return of 75-80%. Personally, I would avoid them.