Originally posted by Mairead QA
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Reply to: Rousseau International
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Previously on "Rousseau International"
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The important thing to check here is whether they make you sign a Social Contract.
On a serious note:
Swiss Company = Check
>80% Return = Check
Loans = Check
What could possibly go wrong?
Wouldn't want to be any of these three when HMRC get around to the 2013 returns.
https ://rousseauinternational.com/testimonials.aspx
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After two budgets...
So since the last post on this thread they are still up and running... It all sounded too good to be true. I have just declined to join them, it just didnt seem right and also it's very difficult to find out information on the web. I am now getting a lot of phone calls from them trying to convince me that I should go with them... its turned into a hard sell!!
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Originally posted by underpaidPhil View PostI have spoken to Rousseau. I think they use the term dividend incorrectly in order to talk to people who perhaps might have experience with limited companies. The payment is in fact a commercial loan and not a dividend. This comes under a so called "arms length agreement"! I believe these payments were specifically excluded in the last round of tax legislation.
I dont know if that helps though!
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Originally posted by underpaidPhil View PostI have spoken to Rousseau. I think they use the term dividend incorrectly in order to talk to people who perhaps might have experience with limited companies. The payment is in fact a commercial loan and not a dividend. This comes under a so called "arms length agreement"! I believe these payments were specifically excluded in the last round of tax legislation.
I dont know if that helps though!
I read today that the budget next week will have a anti avoidance clause so this will probably be another nail in the coffin of these loan schemes and their variants.
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I have spoken to Rousseau. I think they use the term dividend incorrectly in order to talk to people who perhaps might have experience with limited companies. The payment is in fact a commercial loan and not a dividend. This comes under a so called "arms length agreement"! I believe these payments were specifically excluded in the last round of tax legislation.
I dont know if that helps though!
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Originally posted by Hermione View PostI'm looking for advice on an umbrella company called Rousseau International. I signed up rather than go limited but am now having deep reservations. I get 82% as a self employed person with a minimal salary and the balance supposedly as dividends from an Llp. However, these 'dividends' are paid over as loans and when I've asked for a breakdown of deductions to establish what tax exactly is being deducted, I have been stonewalled.
Anyone deal with these people?
At the end of the day, if you haven't paid what HMR&C consider to be the correct amount of tax it is you that will be liable and not your umbrella company so I would either move providers and work with a standard umbrella, paying tax through standard PAYE or make sure that you have enough money put aside over the next 6-7 years to pay any additional liability
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Originally posted by Hermione View PostI'm looking for advice on an umbrella company called Rousseau International. I signed up rather than go limited but am now having deep reservations. I get 82% as a self employed person with a minimal salary and the balance supposedly as dividends from an Llp. However, these 'dividends' are paid over as loans and when I've asked for a breakdown of deductions to establish what tax exactly is being deducted, I have been stonewalled.
Anyone deal with these people?
Leave a comment:
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Rousseau International
I'm looking for advice on an umbrella company called Rousseau International. I signed up rather than go limited but am now having deep reservations. I get 82% as a self employed person with a minimal salary and the balance supposedly as dividends from an Llp. However, these 'dividends' are paid over as loans and when I've asked for a breakdown of deductions to establish what tax exactly is being deducted, I have been stonewalled.
Anyone deal with these people?Tags: None
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