Smart Ventures

[TheFaQQer]

HMRC won't do anything about them only option is to report them for force advertising. HMRC have forced people away from generally sound tax advice and into cowboys like this disgraceful really.

Not even that will help - I've complained to the ASA a number of times and each time get told that they have asked HMRC and there is nothing wrong with promising the returns because until they are found to be illegal, they could be legal and possible to get those kind of returns.

Even pushing with a basic question of how that is possible given NI and PAYE rates, or corporation tax rates, both ASA and HMRC say there is nothing they can do to stop the adverts.

[malvolio]

Thanks for advices everyone, there is no forced advertising, no encouraging others, no fool, I'm just asking, if U don't ask u don't know, I'm a contractor using compliant umbrella too. Thx anyway

With a base income tax rate of 20%, how do you expect any organisation to pay you 80% after deducting their fees, much less 85%? Actually it's very easy: in effect they deduct their cut then send you the remainder after feeding you some fluff about their inventive payment scheme/ deferred loan/ magic bean factory. You don't realise that it's not had the proper amount of tax deducted so you spend it. Then, one-to six years later HMRC does their usual audit and send you a 5-6 figure tax demand. And your payroll umbrella has vanished...

We're not speculating, it's been happening and many people have been badly impacted. But it's your money, your tax bill and your risk.

[bobspud]

I'm a contractor using compliant umbrella too. Thx anyway

Out of interest: How have you quantified this part?

[northernladyuk]

Hi has anyone heard of Smart Ventures? They are not the umbrella company but to hook u up with their associated umbrella companies to run their "legal" scheme that they claim they can help contractor to take hone 80 to 85% with nothing illegal tricks.

I would like to know if anyone has any experience with them rather than just saying all these companies do is scam if possible thanks very much

All these companies do is scam.

[AtW]

All these companies do is scam.

Nah, they've a QC opinion that what they do is legal...

[malvolio]

Nah, they've a QC opinion that what they do is legal...

Not true. They don't publish those paid for opinions: it is possible that being paid for they are also what the client wants to hear. Or, equally, they are that the scheme isn't actually legal...

[BrilloPad]

I have not heard of Smart Ventures. Scam Ventures. Illegal Ventures. Bankruptcy Ventures. But not Smart Ventures.

[northernladyuk]

Hi has anyone heard of Smart Ventures? They are not the umbrella company but to hook u up with their associated umbrella companies to run their "legal" scheme that they claim they can help contractor to take hone 80 to 85% with nothing illegal tricks.

I would like to know if anyone has any experience with them rather than just saying all these companies do is scam if possible thanks very much

Would you go onto a home improvement forum and ask whether you should let a cut-price cowboy rewire your house? And then say you want to know if anyone has any experience of this rather than just saying all these companies do is burn your house down if possible thanks very much?

[Hobosapien]

I have not heard of Smart Ventures. Scam Ventures. Illegal Ventures. Bankruptcy Ventures. But not Smart Ventures.

Their real name is Smarting Ventures.

They have a hidden logo that only becomes visible years down the line when HMRC wake up:

[BrilloPad]

Their real name is Smarting Ventures.

They have a hidden logo that only becomes visible years down the line when HMRC wake up:

Is that Smarting as in the feeling you get after a kicking?