Reply to: On-shore accounting models

[Jessica@WhiteFieldTax]

Fantastic customer service and great coffee - what more could you want

Yep I thought the same...

[NickNick]

I wonder if this one involves setting yourself up as a used car dealer.

Or maybe some sort of film financing.

Talking of used car dealers... Reading this

http://www.financeandtaxtribunals.go...18/TC03314.pdf

and the scheme was unbelievably complicated to my eyes. Makes those EBT schemes seem simple in comparison.

Sample quote:
The rather unusual consideration for that assignment was to consist of the payment of £100, and attendance by the assignee before a solicitor practising in London in order to recite the name of the Trader, “pray to the God of the Christian church for World Peace” and obtain from the no doubt bemused solicitor a certificate that those actions had been performed (“the Prayer Condition”).

[Old Greg]

Fantastic customer service and great coffee - what more could you want

>50% retention?

[LisaContractorUmbrella]

I've heard your 'brolly scheme' is barista approved.

Fantastic customer service and great coffee - what more could you want

[Old Greg]

As in Quamtotius Caecus??

I've heard your 'brolly scheme' is barista approved.

[LisaContractorUmbrella]

QC approved, my dear,

As in Quamtotius Caecus??

[ASB]

QC approved, my dear,

Excellent. Glad you are hepping the users with thier due diligence. Sue, Grabbit and Runne really are a top class chambers.

[Old Greg]

Have you checked it out with a top tax barrister?

QC approved, my dear,

[SueEllen]

More and more top flight contractors are indeed joining Oude Joris Max 120.

Have you checked it out with a top tax barrister?

[Old Greg]

Oh yes the old greg approach.

Personally I would go for get people to join the scheme. Delay payments beyond minimum wages payments as long as possible until £xm is in the account and then pocket the lot before closing the company down....

More and more top flight contractors are indeed joining Oude Joris Max 120.

[DaveB]

Let me see now. Set up in Oct. 2013, sole Director, no accounts filed, Virtual Office address. Shares their sole director with 4 other newly minted Ltd's all in the umbrella business.

There's more but I don't have time to do the digging atm.

Without going into detail there also appear to be links with SmartPay, who have been discussed on here before (back in 2008) and an number of other Umbrella/High retention schemes.

I'm also pretty sure the sole director of this company has very little to do with the running of the business seeing as he appears to be a conceptual artist and son of the chap who actually set up the company.

[DaveB]

I've received two emails from cwjobs, the most recent one marketing dynamicpartners that promise high take home pay and keep the money in UK, so no offshore stuff.

But it still sounds like a tax avoidance scheme of sorts as you take home 90% rather than the estimated 80% through limited company.

Essentially it sounds like a duck, quacks like a duck, but doesn't seem to be a duck. Anyone got similar marketing emails or are part of schemes that keep money in UK and take home 90%?

Let me see now. Set up in Oct. 2013, sole Director, no accounts filed, Virtual Office address. Shares their sole director with 4 other newly minted Ltd's all in the umbrella business.

There's more but I don't have time to do the digging atm.

[DaveB]

Hah, not aggressive enough. You should keep the VAT too :-)

What VAT?

[Pondlife]

I wonder if this one involves setting yourself up as a used car dealer.

Or maybe some sort of film financing.

[eek]

Hah, not aggressive enough. You should keep the VAT too :-)

Oh yes the old greg approach.

Personally I would go for get people to join the scheme. Delay payments beyond minimum wages payments as long as possible until £xm is in the account and then pocket the lot before closing the company down....