Originally posted by sreed
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CBP deduct around 2% from the larger payment as a fee, and a further 19% which they claim is Corporation Tax (CT). However, the rate of CT in the IOM is 0%. The scheme users are expected to distribute the alleged dividend amount as they see fit.” That’s some margin! Now that they’ve made a HMRC’s list, they’ll no doubt go into administration shortly, leaving their clients over the last many years holding the bag. |
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