Really CWJobs?

[AtW]

For the scheme provider or the customers? If they're not in the UK then they won't be going to jail in the UK...

Scheme provider - they should have a UK license with a UK HQ to provide such services to UK tax residents (who can be located elsewhere). Money earned by the UK office should pay all UK taxes.

[d000hg]

Simple way to stop this tulip:

1) Any scheme provider doing it for UK tax residents MUST be licensed and located in UK - otherwise it's jail time.

For the scheme provider or the customers? If they're not in the UK then they won't be going to jail in the UK...

[AtW]

Simple way to stop this tulip:

1) Any scheme provider doing it for UK tax residents MUST be licensed and located in UK - otherwise it's jail time.

2) Scheme promoters (people not Ltd they hide behind) should be made jointly and severally liable for any tax/penalties that become due later when "scheme" turns out to be "not working".

3) They should also have acceptable insurance cover in the event they go bankrupt - failing to maintain that should lead to a very long jail sentence.

4) Usage of any such scheme should have increased penalties - more "hops" money make from one artificial entity to another the higher the penalties.

And if they don't like it then they can relocate their business to rob taxpayers of some other country

[d000hg]

It is more profitable, less work for HMRC (and they don't have the staff) to attack scheme users at the end rather than at the beginning.

It's even more profitable if nobody uses the schemes. And it's even less work if they can stop people using them. Hence banning the advertising of such schemes.

[northernladuk]

how do you know it is dodgy?

HMRC's own site states...

Tax planning to be wary of
It sounds too good to be true.
Artificial or contrived arrangements are involved.
It seems very complex given what you want to do.
There are guaranteed returns with apparently no risk.
There are secrecy or confidentiality agreements.
Upfront fees are payable or the arrangement is on a no win/no fee basis.
The scheme is said to be vetted by a top lawyer or accountant but no details of their opinion are provided.
The scheme is said to be approved by HMRC (it does not follow that this is true).
Taxation of income is delayed or tax deductions accelerated.

HM Revenue & Customs: Tackling tax avoidance: Spotlights

[eek]

And what does that matter? You're not responsible for your father's actions. Cameron has made it clear he doesn't like such schemes regardless.

It is more profitable, less work for HMRC (and they don't have the staff) to attack scheme users at the end rather than at the beginning.

If you think HMRC are going to attack schemes early on you are just not cynical enough.

[d000hg]

Didn't Cameron's father make his money in off-shore schemes..

And what does that matter? You're not responsible for your father's actions. Cameron has made it clear he doesn't like such schemes regardless.

[moggy]

In seriousness, I am somewhat surprised Cameron hasn't cracked down on people advertising these schemes - wonder if they'll ban advertising even if they don't/can't ban the schemes themselves?

Smoking is legal but advertising cigarettes isn't, before someone points out that avoidance is legal.

Didn't Cameron's father make his money in off-shore schemes..

[d000hg]

In seriousness, I am somewhat surprised Cameron hasn't cracked down on people advertising these schemes - wonder if they'll ban advertising even if they don't/can't ban the schemes themselves?

Smoking is legal but advertising cigarettes isn't, before someone points out that avoidance is legal.

[eek]

The clue for me is that they say "Compliant with HMRC".

FTFY as these scams are never approved by HMRC merely compliant with HMRC creating a new one for you a few years down the line.

[d000hg]

The clue for me is that they say "approved by HMRC".

[DodgyAgent]

Seriously, HMRC and the government are making tax evasion headline news and one of the big job-boards is advertising some dodgy scheme?

how do you know it is dodgy?

[moggy]

Seriously, HMRC and the government are making tax evasion headline news and one of the big job-boards is advertising some dodgy scheme?

Selling the advertising space is just business.. CUK does much the same i think, pretty sure i have seen adverts or banners for similar companies here.

[d000hg]

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Seriously, HMRC and the government are making tax evasion headline news and one of the big job-boards is advertising some dodgy scheme?