Originally posted by captainham
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Bedouin Tax Solutions
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Regarding the above, my daily rate is £250. For a working week bedouin pay a salary of £232.50, PAYE tax deduction of 15.20, NI 10.38 and employer NI of 12.22Comment
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Originally posted by thebear14 View PostRegarding the above, my daily rate is £250. For a working week bedouin pay a salary of £232.50, PAYE tax deduction of 15.20, NI 10.38 and employer NI of 12.22Blog? What blog...?Comment
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Originally posted by malvolio View PostGreat. So that only leaves £1017.50 undeclared income a week. What could possibly go wrong...Comment
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Originally posted by thebear14 View PostCheers for the constructive input, the question was asked about the tax deductions and I answered. Not 100% sure what else you expected to be honestComment
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It's a neat illustration of the overall problem. The OP was sold a solution that he had no idea was in any way stpping outside the normal rules of UK taxation, all he saw was the best of a range of returns on his gross. Pointing out he's paying 3% tax on his income when the base rate is 20% should raise questions about exactly how that happens and what is likely to happen when HMRC get around to his case. Clearly it hasn't.
Am I bothered? Well no, not really. But you can see how the marketing of these schemes works so well, can't you.Blog? What blog...?Comment
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Originally posted by thebear14 View PostRegarding the above, my daily rate is £250. For a working week bedouin pay a salary of £232.50, PAYE tax deduction of 15.20, NI 10.38 and employer NI of 12.22Comment
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Originally posted by JamJarST View PostYou do realise if you go with an Umbrella you will be clearing a LOT less a week don't you?Comment
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Originally posted by LisaContractorUmbrella View PostI think Mal, in his own sweet way, is trying to warn you - essentially you have done the equivalent of taking 80 odd% of your income as 'cash in hand' - HMR&C are clamping down hard on this sort of thing at the moment so you can reasonably expect to receive a letter sometime in the future asking you when your loan was repaid and why you have not paid tax due.Comment
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Originally posted by malvolio View PostBut you can see how the marketing of these schemes works so well, can't you.
They are definitely not the mugs.Comment
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