Our website uses cookies to store information on your computer. You may delete and block all cookies from this site, but parts of the site will not work as a result. Find out more about how we use cookies.
(Do not show this message again)
Shout99 - News matters for freelancers Shout99 Freelancers' Shop
Search Shout99 - News matters for freelancers
(Advanced Search)
   Join Shout99  About Shout99   Sitemap   Contact Shout99 18th Apr 2014
Forgot your password?
Shout99 - Freelancers, FO35, Section 660
New Users Click Here
Shout99 - Freelancers, FO35, Section 660
Shout99 - Freelancers, FO35, Section 660
Front Page
News...
Freelancers' Shop...
Ask an Expert...
Letters
Direct Contracts
Press Links
Question Time
The Clubhouse
Conference Hall...
News from Partners
Accountants

Login
Sitemap

Business Links

Shout99 - Freelancers, FO35, Section 660
  
Shout99 - Freelancers, FO35, Section 660

News for the
Construction Industry

Hardhatter.com - News for small businesses in the construction industry

Powered by
Powered by Novacaster
Dodgy Umbrella Companies
by jonbuoy at 14:55 19/12/13 (Ask-Legal-Accounting)
There are numerous umbrella companies out there, many of them genuine and many of them less so.
A colleague of mine believes that if an Umbrella Company has found a loop hole in the law which it exploits to enable it to pay out in excess of say 90%, then it is not illegal to do so. Further more, if HMRC manages to have the law changed to close the loop hole any tax benefits enjoyed by those employed through the umbrella company would remain so, it is only after the law has been changed that any tax benefit would be lost and to continue to do so would be illegal and subject to pay back, penalties and fines or worse.

I was of the opinion that all of these tax avoidance schemes involving disguised loans from Trust Funds, Pensions etc. etc. were deemed illegal regardless of loop hole and it was only a matter of time before all involved would get the proverbial knock on the door.

I appreciate an answer in favour of my colleague could present a problem, so a private reply would be fine.

--

jonbuoy

View Comments (Flat Mode) Printer Version
Mail this to a friend
Dodgy Umbrella Companies jonbuoy - 19/12
    Re: Dodgy Umbrella Companies BarryRoback - 19/12
    Re: Dodgy Umbrella Companies egos - 20/12
 
Experts
Steve Greenwell - Qdos Consulting

Steve Greenwell
Qdos Consulting

Barry Roback - Privilege Accounts

Barry Roback
Privilege Accounts

Bob Jones - Internet Taxation

Bob Jones
Internet Taxation

Tony Harris, ContractorFinancials

Tony Harris
ContractorFinancials

Chris Caunce, Caunce O'Hara

Chris Caunce
Caunce O'Hara

Crawford Temple

Crawford Temple

Kate Cottrell - Bauer & Cottrell

Kate Cottrell
Bauer & Cottrell

Andy Vessey - Qdos Consulting

Andy Vessey
Qdos Consulting

Simon Sweetman - Sole Practitioner

Simon Sweetman
Sole practitioner

Rob Crossland - Parasol Group

Rob Crossland
Parasol Group

Also on the panel

Barry Hincks
Qdos Consulting

Roger Sinclair
Egos

Andrew Plaskow
Nyman Linden


Copyright 1999-2012, Shout99.com | All Rights Reserved | Legal Notice