Reply to: 90% vs 52%

[LisaContractorUmbrella]

In a better world Inland Revenue would go after the Indian outsourcers first as they are ripping off the tax man to a much bigger extent.

The list if endless on the wheezes they get up to.

Can you elaborate?

[CoolCat]

In a better world Inland Revenue would go after the Indian outsourcers first as they are ripping off the tax man to a much bigger extent.

The list if endless on the wheezes they get up to.

[LisaContractorUmbrella]

Hmm that is quite a lot - does this really show that well about 65,000 of the UK population have absolutley no morals at all when it comes to money?

It is a lot but, playing devil's advocate, when most of them first used these schemes they probably would not have been viewed in the same way as they are now - either by the population at large or HMRC come to that - tax avoidance has only been aligned with tax evasion over the last couple of years

[malvolio]

Hmm that is quite a lot - does this really show that well about 65,000 of the UK population have absolutley no morals at all when it comes to money?

More likely that 65k people (out of 2.5 million of them) were taken in by a combination of smart salesmen and fear and/or ignorance of IR35.

To be fair, 3% of any population are likely to get the wrong end of something. Snag is, this one is likely to be expensive.

[original PM]

The trouble is that it isn't just a few that think they are clever - according to HMRC their new anti avoidance legislation will affect 65,000 people

Hmm that is quite a lot - does this really show that well about 65,000 of the UK population have absolutley no morals at all when it comes to money?

[LisaContractorUmbrella]

Indeed - the problem is that the people who do this are not stupid, they are arrogant as they think ' Ha no one else is as clever as me becuase they are not doing this!'

They do not think 'Hmm no else is doing this so it must be dodgy'

The trouble is that it isn't just a few that think they are clever - according to HMRC their new anti avoidance legislation will affect 65,000 people

[original PM]

I've never understood how people can't ask themselves "why doesn't everyone operate like this?" before diving blindly in.

If you could get 90% legitimately, everyone would do it.

Used car salesman anyone?

Indeed - the problem is that the people who do this are not stupid, they are arrogant as they think ' Ha no one else is as clever as me becuase they are not doing this!'

They do not think 'Hmm no else is doing this so it must be dodgy'

[LisaContractorUmbrella]

I've never understood how people can't ask themselves "why doesn't everyone operate like this?" before diving blindly in.

If you could get 90% legitimately, everyone would do it.

Used car salesman anyone?

It's funny you should say that HMRC wins further victory over boutique tax adviser - FTAdviser.com

[DirtyDog]

I've never understood how people can't ask themselves "why doesn't everyone operate like this?" before diving blindly in.

If you could get 90% legitimately, everyone would do it.

Used car salesman anyone?

[LisaContractorUmbrella]

Trouble is that a lot of the schemes sound very credible - tax is a complicated subject and most people only have the most basic understanding - QC and HMRC approved would probably be enough to convince most people - plus the attraction of 90% take home obviously

[northernladuk]

Saying all that we are say here laughing at how ridiculous these things are but there are still morons that are interested in them. One posted today even while this thread is running. No wonder they push these things with gullible idiots around every corner.

http://forums.contractoruk.com/accou...-trustees.html

[DaveB]

They did? When was that? I mentioned them awhile back. Right funny setup they had.

I did some digging on them when they got a mention. Don't recall the details now but it wasn't confidence inspiring. They whinged about it and the post got pulled.

I really need to get my own site up and running to host this stuff, then just link to it. Would save admin the grief if nothing else.

[northernladuk]

Nope, 93% from Big Fat Bastard Umbrella(sorry, Big Fat Eastern Religious Figure Umbrella). They also whined at Admin when they got a write up on here.

They did? When was that? I mentioned them awhile back. Right funny setup they had.

[DaveB]

92% from c ontractor a ngels (I think) is the record so far I believe.

Nope, 93% from Big Fat Bastard Umbrella(sorry, Big Fat Eastern Religious Figure Umbrella). They also whined at Admin when they got a write up on here.

In fact their ad on CUK under the Umbrella Contacts page still has that figure.

[BrilloPad]

92% from c ontractor a ngels (I think) is the record so far I believe.

Shall we start a scheme offering 93%? Better still we can clear off to Rio taking 50% each! Unless I decide to knife you and take 100%.......