Umbrella Co query

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

lucyclarityumbrella replied

25 September 2020, 09:42
Originally posted by eek View Post

I thought you had seen that.

Nope just catching up on things!
Leave a comment:
eek replied

25 September 2020, 09:32
Originally posted by lucyclarityumbrella View Post

Oh my

I thought you had seen that.
Leave a comment:
lucyclarityumbrella replied

25 September 2020, 09:29
Originally posted by eek View Post

And things like this https://www.contractoruk.com/forums/...-umbrella.html really aren't going to help.

Oh my
Leave a comment:
eek replied

25 September 2020, 09:19
Originally posted by lucyclarityumbrella View Post

And this is only the start! waiting for more and more of these to pop up ready for any start of year rush!

And things like this https://www.contractoruk.com/forums/...-umbrella.html really aren't going to help.
Leave a comment:
lucyclarityumbrella replied

25 September 2020, 09:02
And this is only the start! waiting for more and more of these to pop up ready for any start of year rush!
Leave a comment:
cojak replied

18 September 2020, 15:25
"Growth Shares Payment" duly added.

Issues with "Tax Efficient" PAYE Umbrellas
Leave a comment:
BR14 replied

18 September 2020, 14:59
RUN.
quickly
do not touch it with someone elses bargepole.
'nuff said
Leave a comment:
Paralytic replied

18 September 2020, 14:57
Originally posted by NickP View Post

Hi, Has anyone had dealings with the umbrella Co Focus Contractors Ltd? Weekly payments comprise PAYE & Growth Shares Payments, with Capital Gains Tax deducted for shares. Net return around 78% . It doesn't seem their payment scheme is disguised remuneration as tax is declared. Any advice in terms of possible tax liability would be appreciated. Thanks

Ask them to indemnify you for any future HMRC claim against you that all "tax is declared" and see what they say.

Have they given you an illustration showing how "tax is declared"?
Leave a comment:
WTFH replied

18 September 2020, 14:19
Originally posted by NickP View Post

Growth Shares Payments,

Hi Nick, welcome to the forum.

AVOID anyone that is offering something other than PAYE. When they start to have to explain, or drip feed "payments" in various ways, chances are they are either doing something they know is going to get you in trouble, or they suspect it will get you in trouble, but they will make sure that you are responsible.
Leave a comment:
eek replied

18 September 2020, 14:19
Originally posted by NickP View Post

Hi, Has anyone had dealings with the umbrella Co Focus Contractors Ltd? Weekly payments comprise PAYE & Growth Shares Payments, with Capital Gains Tax deducted for shares. Net return around 78% . It doesn't seem their payment scheme is disguised remuneration as tax is declared. Any advice in terms of possible tax liability would be appreciated. Thanks

Run away, do not walk...
Leave a comment:
NickP started a topic Umbrella Co query

18 September 2020, 14:10
Umbrella Co query

Hi, Has anyone had dealings with the umbrella Co Focus Contractors Ltd? Weekly payments comprise PAYE & Growth Shares Payments, with Capital Gains Tax deducted for shares. Net return around 78% . It doesn't seem their payment scheme is disguised remuneration as tax is declared. Any advice in terms of possible tax liability would be appreciated. Thanks
Tags: None