And I'm putting this here as I want to stick something else.
Don't be fooled by imposter umbrella companies
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Reply to: READ ME before choosing your umbrella
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Previously on "READ ME before choosing your umbrella"
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Originally posted by Runster View PostHi Lucy - contacted you recently about joining your umbrella. When I spoke to someone there, they said you only offer PAYE, but your tag line says you now also offer Ltd. Could we talk?
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Originally posted by lucycontractorumbrella View PostThat's called the CUK forum isn't it?
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Originally posted by northernladuk View PostOr that have the best referrals system.
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Originally posted by SimonMac View PostIf only there was some sort of list, or "association" of Umbrellas that can be used to vouch for their reputations.....
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Originally posted by SimonMac View PostIf only there was some sort of list, or "association" of Umbrellas that can be used to vouch for their reputations.....
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If only there was some sort of list, or "association" of Umbrellas that can be used to vouch for their reputations.....
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Due diligence and your part in it.
For your due diligence look up the company in Companies House: https://www.gov.uk/get-information-about-a-company
Find the names of the Directors and look them up, find out what other companies the have been associated with.
Then go to the HMRC Scheme Enquiries Forum and do a search for a few of the companies associated with that Director/s (it will never be only one company).
If you don't find anything in there - excellent. That is one more step (not the only one mind) that may indicate that they are a 'proper' umbrella.
If you do find the names of those old companies popping up in a forum indicative of pain and misery of many years standing, however...
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Originally posted by Beacon Umbrella View PostThe other thing to be aware of is that if you don't have a complete NI contribution record over a minimum of 30 years then you will have a nasty shock when you come to retire.....no full state pension
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Take home thats too goo to be true
Originally posted by cojak View PostRead this first before picking up the phone.
Guidance (on) Providers of Tax Avoidance Schemes (POTAS)
And read this as well 10 things you need to know about tax avoidance
Be aware that by using a legitimate umbrella that will pay the expected amount of tax and NI, you will receive approximately 65% of your day rate.
If you pay less than 35% tax (>65% take home) then I would imagine HMRC are NOT receiving PAYE amounts and will come after you for the gap.
There are sanctions and fines that HMRC can impose on these dodgy providers, but I've never heard of any company being caught and I don't know anywhere where these penalties are published, and that's the main deterrent in my book.
If its too good to be true then I'm afraid that it is.
The other thing to be aware of is that if you don't have a complete NI contribution record over a minimum of 30 years then you will have a nasty shock when you come to retire.....no full state pension
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Originally posted by BrilloPad View PostI asked if there would be any feedback and was told that there would definitely not be. I then pointed out that myself, and many others on CUK, feel that HMRC do not do enough to tackle promoters. I was told that this was well beyond his pay grade.
HMRC Fraud Hotline
Cardiff
CF14 5ZN
United Kingdom
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Originally posted by lucycontractorumbrella View Post
I just tried to call this. The conversation: -
them: HMRC counter avoidance
me : is this the right number to report a tax avoidance scheme?
them : errr - might be. where did you get this number?
me: internet
them : errr - I will ask
Someone else then came on the line and filled in a form which I was told would be passed onto a specialist investigation unit.
I asked if there would be any feedback and was told that there would definitely not be. I then pointed out that myself, and many others on CUK, feel that HMRC do not do enough to tackle promoters. I was told that this was well beyond his pay grade.
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Originally posted by cojak View PostHmmm.. Good question - I'll have a look.
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