Tax Devil

[TheFaQQer]

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

I reported one to the ASA because they were claiming you could get 90% returns, which I said was not possible under an umbrella company that paid NI and PAYE.

I was told

neither the ASA nor HMRC are able to comment on the specific business model of this company.

So that's all right then.

[LisaContractorUmbrella]

HMRC won't offer official comment on anything but you can be pretty certain that they will have acted - who knows you could be single handedly responsible for the Offshore Employment Intermediaries legislation

[jbryce]

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

....although when your accountant tells you that a scheme is legal and less hassle than IR35 it is tempting to just do it.
I doubt if there are many accountants recommending schemes nowadays Users of DOTAS schemes will be paying HMRC up front - you need some balls to give money to HMRC and expect to get it back.

TaxDevil claim that they don't fall under DOTAS. Really? Well that's very nice, but since their scheme started after the GAAR they will be caught under that, and guess who get's their asses kicked? Yes - the users.

TaxDevil is not an established firm - look at their website - they are cynically targeting and exploiting contractors. Terrifying.

[LisaContractorUmbrella]

That's the trouble isn't it - people will often believe what they're told if the person advising them is convincing and if they want to be convinced. We can only continue to spread the word

[Hermione]

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

Advice on this forum has been duly noted, and gratefully received. Walking away, with less money, but a lot less worry. Thanks to all you.

[Hermione]

Advice on this forum has been duly noted, and gratefully received. Walking away, with less money, but a lot less worry. Thanks to all you.

Oh, just had another call from Principal Contractors who operate out of the IOM. I ended the call with a firm NO!

[LisaContractorUmbrella]

Oh, just had another call from Principal Contractors who operate out of the IOM. I ended the call with a firm NO!

Very wise

[jbryce]

Very wise

Jeez this is another lot from Michael Wilson:
'Admin Name: Michael Wilson'
They really need to try a bit harder to cover their tracks.

Actually - we do quite a lot of work for HMRC, they can unpick this one themselves....

[LisaContractorUmbrella]

Jeez this is another lot from Michael Wilson:
'Admin Name: Michael Wilson'
They really need to try a bit harder to cover their tracks.

Actually - we do quite a lot of work for HMRC, they can unpick this one themselves....

I am rapidly coming to the conclusion that there are only about 2 or 3 companies offering all these schemes just under different guises

[Batcher]

Oh jeez, I've just been followed on Twitter by @taxdevilpayroll ...