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
- 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!
Umbrella Co query
Collapse
X
-
-
Run away, do not walk...Originally posted by NickP View PostHi, 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. Thanksmerely at clientco for the entertainment -
Hi Nick, welcome to the forum.Originally posted by NickP View PostGrowth Shares Payments,
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.…Maybe we ain’t that young anymoreComment
-
Ask them to indemnify you for any future HMRC claim against you that all "tax is declared" and see what they say.Originally posted by NickP View PostHi, 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
Have they given you an illustration showing how "tax is declared"?Comment
-
-
"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
-
And this is only the start!
waiting for more and more of these to pop up ready for any start of year rush!
Comment
-
And things like this https://www.contractoruk.com/forums/...-umbrella.html really aren't going to help.Originally posted by lucyclarityumbrella View PostAnd this is only the start!
waiting for more and more of these to pop up ready for any start of year rush!merely at clientco for the entertainmentComment
-
Oh myOriginally posted by eek View PostAnd things like this https://www.contractoruk.com/forums/...-umbrella.html really aren't going to help.
Comment
-
I thought you had seen that.Originally posted by lucyclarityumbrella View PostOh my
merely at clientco for the entertainmentComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers

Comment