One for the panel

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LisaContractorUmbrella replied

24 January 2013, 16:01
Originally posted by Wanderer View Post

That IOM scheme definitely smells strange, possibly illegal - I wouldn't do it.

Hmm, I did manage to backdate my FRS VAT registration and claim back a load of VAT when I made a cock up by not registering for the FRS from the outset. Agree that this is quite a different scenario to what this IOM company is doing though....

Bet you didn't back date 4 years either
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Wanderer replied

24 January 2013, 15:10
That IOM scheme definitely smells strange, possibly illegal - I wouldn't do it.

Originally posted by Scrag Meister View Post

So they want to backdate FRS registration, so you can claim a load back?

Hmm, I did manage to backdate my FRS VAT registration and claim back a load of VAT when I made a cock up by not registering for the FRS from the outset. Agree that this is quite a different scenario to what this IOM company is doing though....
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LisaContractorUmbrella replied

24 January 2013, 14:15
Originally posted by MyUserName View Post

A prison sentence?
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GB9 replied

24 January 2013, 13:29
Originally posted by MyUserName View Post

A prison sentence?

How?
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MyUserName replied

24 January 2013, 12:55
Originally posted by GB9 View Post

Ok, i've missed the point here......what are they offering that you can't do yourself?

A prison sentence?
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GB9 replied

24 January 2013, 11:44
Ok, i've missed the point here......what are they offering that you can't do yourself?
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Scrag Meister replied

24 January 2013, 10:48
So they want to backdate FRS registration, so you can claim a load back?

Def dodgy.
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LisaContractorUmbrella replied

24 January 2013, 08:14
Originally posted by cojak View Post

That can't be legal, can it??

Back-dating a contractor into an IOM flat rate VAT 'scheme' - got to fall under the MSC legislation if nothing else I reckon - sounds really dodgy doesn't it
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BolshieBastard replied

23 January 2013, 17:42
As its based in the IoM, avoid like the plague!
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socialworker replied

23 January 2013, 17:39
If it is legal it soon wont be. Typical - just as I am thinking of going limited but inside IR35 someone spoils it by being greedy - only matter of time before restrictions get put in place I would guess.
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GB9 replied

23 January 2013, 16:46
Originally posted by LisaContractorUmbrella View Post

What do you make of this lads and lasses? https://docs.google.com/document/d/1..._zA/edit?pli=1

Looks like they are trying to make money from something most contractors would do as a matter of course i.e. sign up for flat rate VAT......

Don't see why anyone would use them. Just DIY surely?
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cojak replied

23 January 2013, 16:44
That can't be legal, can it??
Leave a comment:
LisaContractorUmbrella started a topic One for the panel

23 January 2013, 16:33
One for the panel

What do you make of this lads and lasses? https://docs.google.com/document/d/1..._zA/edit?pli=1
Tags: None