Tax Devil

[Hermione]

Can't find reference to them on Companies House or DueDil which is not a good sign.The are promising 90% take home and there are loads of threads on here about that!

They may have won against HMRC in 2010 (although I would ask for evidence) but things have changed a bit since then - Google 'Onshore Employment Intermediaries'; 'False Self Employment' 'Disguised Remuneration Legislation' and BN66. If reading through that lot doesn't put you off then I can only wish you the very best of luck.

Thanks for this, and everyone else for the input. Was deeply suspicious and uncomfortable with the offering as I didn't get a satisfactory explanation on the remuneration trust.

[cojak]

Just in case you aren't a Tax Troll, read this:

(Umbrella) companies - check them out BEFORE things go wrong!

There wouldn't happen to be some kind of connection between Rousseau and Tax Devil, would there?

[Hermione]

Just in case you aren't a Tax Troll, read this:

(Umbrella) companies - check them out BEFORE things go wrong!

There wouldn't happen to be some kind of connection between Rousseau and Tax Devil, would there?

Not that I'm aware of. Rousseau was offshore (yikes!), and may still be for all I know. Interestingly, having asked for sight of the insurance cover from Lloyds, went quiet.

Will stick with the legit umbrellas. Have been on payroll at last contract which was so much more straightforward, if less lucrative.

[Hermione]

Just in case you aren't a Tax Troll, read this:

(Umbrella) companies - check them out BEFORE things go wrong!

There wouldn't happen to be some kind of connection between Rousseau and Tax Devil, would there?

Mmmm, what's a tax troll?!

[LisaContractorUmbrella]

Mmmm, what's a tax troll?!

We get loads of people coming on to the forum seeming to ask about dodgy tax avoidance schemes in all innocence - they nearly always turn out to be a scheme promoter. Once their evil ploy is uncovered the mods dispose of them

[jbryce]

madness......

Thanks for this, and everyone else for the input. Was deeply suspicious and uncomfortable with the offering as I didn't get a satisfactory explanation on the remuneration trust.

Remuneration Trusts have been around for a long, long time, they are expensive to administer and need severe tax specialists to run them effectively. They are the preserve of the seriously rich. Like all schemes they are best avoided unless you really have an appetite for the kicking you are about to get.

[Hermione]

We get loads of people coming on to the forum seeming to ask about dodgy tax avoidance schemes in all innocence - they nearly always turn out to be a scheme promoter. Once their evil ploy is uncovered the mods dispose of them

Thanks. Not a tax troll, just a contractor trying to find a way of getting as much of my pay without breaking the rules, which seem to becoming more and more burdensome and difficult.

[jbryce]

We get loads of people coming on to the forum seeming to ask about dodgy tax avoidance schemes in all innocence - they nearly always turn out to be a scheme promoter. Once their evil ploy is uncovered the mods dispose of them

....why do they bother? When people ask about these schemes we usually manage to put enough posts up to put the frighteners on anyone. I hope.

[TykeMerc]

Thanks. Not a tax troll, just a contractor trying to find a way of getting as much of my pay without breaking the rules, which seem to becoming more and more burdensome and difficult.

There's a very simple way to do that which is to ignore esoteric an ludicrously risky scheme providers. The most sensible approach for a decent return and staying safely on the legal side of the line is a MyCo Ltd. There's little difficulty or burden in running one.

Treat these providers like plague carriers, HMRC is actively targeting all schemes and doing their utmost to kick the arses of all the scheme USERS.

[LisaContractorUmbrella]

....why do they bother? When people ask about these schemes we usually manage to put enough posts up to put the frighteners on anyone. I hope.

I hope so too but I think that the lure of 85 or 90% take home is just too much for some people