Where's the catch?

[porrker]

These guys promise 15% total tax under their, presumably umbrella, arrangement.

Where's the catch?

w ww.best-pay.co.uk - BESTPay - How It Works

Ok I will answer the question. The catch will be when you have to prove that you are not disguising income through loans via a trust or an exception in the finance act. The Scheme will be perfectly legal but your use of disguising income will not and you better make sure all the documentation and payment processes are water tight otherwise hmrc will have an easy job unravelling the scheme. No scheme is HMRC compliant and a QC opinion is just that an opinion.

[northernladuk]

While I am put off by thei inability to spell 'usual', I am reassured by the £ signs flying out of the laptop screen.

It's all so confusing.

[LisaContractorUmbrella]

And just to make this clear - I consider anyone joining these types of scheme to be stupid, greedy, venal (look it up), short-sighted idiots who tend to shout the loudest when they discover that they've been stitched up by someone cleverer than them.

I used to say that I'd point and laugh at them when they come back crying but there's been too many so now I just shove them into the HMRC Enquiry Scheme thread and occasionally watch them like monkeys in a cage.

The dung-flinging can get quite spectacular when lawyers get involved.

And unless the OP proves otherwise I consider him a spammer for the website.

Oh well said And excellent use of the word 'venal' if I may say so

[Bunk]

idiots who tend to shout the loudest when they discover that they've been stitched up by someone cleverer than them.

Which is usually quite a lot of people

[cojak]

And just to make this clear - I consider anyone joining these types of scheme to be stupid, greedy, venal (look it up), short-sighted idiots who tend to shout the loudest when they discover that they've been stitched up by someone cleverer than them.

I used to say that I'd point and laugh at them when they come back crying but there's been too many so now I just shove them into the HMRC Enquiry Scheme thread and occasionally watch them like monkeys in a cage.

The dung-flinging can get quite spectacular when lawyers get involved.

And unless the OP proves otherwise I consider him a spammer for the website.

[LisaContractorUmbrella]

Loads and loads of references to 'compliance' but no mention of with what and a promise of 90% tax home with no explanation of how.

You know the old expression 'if it seems too good to be true......................'

[mudskipper]

Ah yes, K&B. Had a thread about them not that long ago.

[Old Greg]

Can't spell 'business' either.

w ww.best-pay.co.uk/limited-company.html - BESTPay - Limited Company Alternative for UK Contractors - Don't set up a Limited Company

[Old Greg]

While I am put off by thei inability to spell 'usual', I am reassured by the £ signs flying out of the laptop screen.

It's all so confusing.

[cojak]

Here's the catch: HMRC Scheme Enquiries

[eek]

These guys promise 15% total tax under their, presumably umbrella, arrangement.

Where's the catch?

w ww.best-pay.co.uk/how-it-works.html - BESTPay - How It Works

Surely the absolute complete lack of detail is a clue

[p3t3]

These guys promise 15% total tax under their, presumably umbrella, arrangement.

Where's the catch?

w ww.best-pay.co.uk - BESTPay - How It Works