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DonkeyRhubarb
21st February 2014, 11:52
w ww.vivacontracts.com/umbrella-company-1.php - Umbrella Company Alternative - Viva Contracts

"Take home up to 90% from contracts, compared to 52% with an Umbrella Company"

It's no wonder people are drawn to these dodgy schemes.

cojak
21st February 2014, 12:09
w ww.vivacontracts.com/umbrella-company-1.php - Umbrella Company Alternative - Viva Contracts

"Take home up to 90% from contracts, compared to 52% with an Umbrella Company"

It's no wonder people are drawn to these dodgy schemes.

Punters don't want to hear anything else but 'It's a winner - go for it!!!!' You can hardly blame the CUK regulars for being peed off by it all, we've been saying that they're rubbish since 2005....

DonkeyRhubarb
21st February 2014, 13:18
Punters don't want to hear anything else but 'It's a winner - go for it!!!!' You can hardly blame the CUK regulars for being peed off by it all, we've been saying that they're rubbish since 2005....

If it's true though, 52% from an Umbrella would be pretty hard to swallow.

DaveB
21st February 2014, 14:10
Hmm,

IoM Phone Number,

No registered adress or other details on the website.

Domain registered by a shell hosting co. using a protected identity.

No email address provided.

Sounds perfectly legit to me :smokin

northernladuk
21st February 2014, 14:20
92% from c ontractor a ngels (I think) is the record so far I believe.

DonkeyRhubarb
21st February 2014, 14:29
92% from c ontractor a ngels (I think) is the record so far I believe.

I wonder how much of the other 8% HMRC get?

BrilloPad
21st February 2014, 14:31
92% from c ontractor a ngels (I think) is the record so far I believe.

Shall we start a scheme offering 93%? Better still we can clear off to Rio taking 50% each! Unless I decide to knife you and take 100%.......

DaveB
21st February 2014, 14:38
92% from c ontractor a ngels (I think) is the record so far I believe.

Nope, 93% from Big Fat Bastard Umbrella(sorry, Big Fat Eastern Religious Figure Umbrella). They also whined at Admin when they got a write up on here.

In fact their ad on CUK under the Umbrella Contacts page still has that figure.

northernladuk
21st February 2014, 14:39
Nope, 93% from Big Fat Bastard Umbrella(sorry, Big Fat Eastern Religious Figure Umbrella). They also whined at Admin when they got a write up on here.

They did? When was that? I mentioned them awhile back. Right funny setup they had.

DaveB
21st February 2014, 14:41
They did? When was that? I mentioned them awhile back. Right funny setup they had.

I did some digging on them when they got a mention. Don't recall the details now but it wasn't confidence inspiring. They whinged about it and the post got pulled.

I really need to get my own site up and running to host this stuff, then just link to it. Would save admin the grief if nothing else.

northernladuk
21st February 2014, 14:43
Saying all that we are say here laughing at how ridiculous these things are but there are still morons that are interested in them. One posted today even while this thread is running. No wonder they push these things with gullible idiots around every corner.

http://forums.contractoruk.com/accounting-legal/96849-principal-contractors-tax-efficiency-isle-man-trustees.html

LisaContractorUmbrella
24th February 2014, 10:18
Trouble is that a lot of the schemes sound very credible - tax is a complicated subject and most people only have the most basic understanding - QC and HMRC approved would probably be enough to convince most people - plus the attraction of 90% take home obviously :eyes

DirtyDog
24th February 2014, 11:06
I've never understood how people can't ask themselves "why doesn't everyone operate like this?" before diving blindly in.

If you could get 90% legitimately, everyone would do it.

Used car salesman anyone?

LisaContractorUmbrella
24th February 2014, 11:07
I've never understood how people can't ask themselves "why doesn't everyone operate like this?" before diving blindly in.

If you could get 90% legitimately, everyone would do it.

Used car salesman anyone?

It's funny you should say that HMRC wins further victory over boutique tax adviser - FTAdviser.com (http://www.ftadviser.com/2014/02/24/ifa-industry/tax-planning/hmrc-wins-further-victory-over-boutique-tax-adviser-45CA7rYvzWJSdlRO0UtVIL/article.html)

original PM
27th February 2014, 13:04
I've never understood how people can't ask themselves "why doesn't everyone operate like this?" before diving blindly in.

If you could get 90% legitimately, everyone would do it.

Used car salesman anyone?

Indeed - the problem is that the people who do this are not stupid, they are arrogant as they think ' Ha no one else is as clever as me becuase they are not doing this!'

They do not think 'Hmm no else is doing this so it must be dodgy'

LisaContractorUmbrella
3rd March 2014, 11:03
Indeed - the problem is that the people who do this are not stupid, they are arrogant as they think ' Ha no one else is as clever as me becuase they are not doing this!'

They do not think 'Hmm no else is doing this so it must be dodgy'

The trouble is that it isn't just a few that think they are clever - according to HMRC their new anti avoidance legislation will affect 65,000 people

original PM
3rd March 2014, 12:45
The trouble is that it isn't just a few that think they are clever - according to HMRC their new anti avoidance legislation will affect 65,000 people

Hmm that is quite a lot - does this really show that well about 65,000 of the UK population have absolutley no morals at all when it comes to money?

malvolio
3rd March 2014, 13:15
Hmm that is quite a lot - does this really show that well about 65,000 of the UK population have absolutley no morals at all when it comes to money?
More likely that 65k people (out of 2.5 million of them) were taken in by a combination of smart salesmen and fear and/or ignorance of IR35.

To be fair, 3% of any population are likely to get the wrong end of something. Snag is, this one is likely to be expensive.

LisaContractorUmbrella
4th March 2014, 09:59
Hmm that is quite a lot - does this really show that well about 65,000 of the UK population have absolutley no morals at all when it comes to money?

It is a lot but, playing devil's advocate, when most of them first used these schemes they probably would not have been viewed in the same way as they are now - either by the population at large or HMRC come to that - tax avoidance has only been aligned with tax evasion over the last couple of years

CoolCat
22nd March 2014, 08:23
In a better world Inland Revenue would go after the Indian outsourcers first as they are ripping off the tax man to a much bigger extent.

The list if endless on the wheezes they get up to.

LisaContractorUmbrella
24th March 2014, 09:07
In a better world Inland Revenue would go after the Indian outsourcers first as they are ripping off the tax man to a much bigger extent.

The list if endless on the wheezes they get up to.

Can you elaborate?