BIG GROUP

[DotasScandal]

If I am doing contracting in Europe and take payments in to UAE based offshore company, can HMRC attack me?

I am thinking of alternative, these <snip> are trying to suck blood, so why should I bring money for the work done outside of UK in to UK and pay these <snip> any tax.

If they can twist arm and demand APNs, then I can manage the future taxes -no?

Any tax advise?

First you might want to keep in mind HMRC reads these boards ()
Second - "why should I bring money for the work done outside of UK in to UK and pay these bastards any tax ?" - that's kind of a rhetorical question, isn't it? If your money is offshore, keep it offshore!
Third - re "moving out of the UK" - if you can do that, by all means yes. It's not like HMRC can't chase you (it depends where you go to - there are bilateral assistance agreements in the recovery of debts, and all that jazz), but it will put you firmly in the "deal with this later / not worth it" category.

[webberg]

If I am doing contracting in Europe and take payments in to UAE based offshore company, can HMRC attack me?

I am thinking of alternative, these <mod snip> are trying to suck blood, so why should I bring money for the work done outside of UK in to UK and pay these <mod snip> any tax.

If they can twist arm and demand APNs, then I can manage the future taxes -no?

Any tax advise?

First, don't discuss this in open forum. No adviser worth his salt is going to suggest that you avoid a properly legalised tax liability by hiding money from HMRC.

Second, UK tax is based on whether or not you are resident here. That in itself can be a difficult question.

Third, if you are resident you are liable on your income no matter where earned or from what source. The rules allow a credit for tax paid (or deemed paid) offshore. In some cases, if you have substantial offshore assets you can elect for the remittance basis. That is essentially the payment of a flat fee in order not to have foreign income or assets taxed. Again, space is not enough here to get into the detail.

If you're in Big Group, then ask in that forum which is safer than this one.

[webberg]

BIG GROUP is halfway to its target membership for Christmas and is growing pretty much daily thanks to our recruiting sergeant, HMRC.

[energyonlineadmin]

Join Big Group

I would suggest that anyone who has been involved in such a scheme up to and including 2014 would be very wise to join the Big Group and benefit from the advice and support available. Big things are afoot with the Big Group that makes it all the more important that as many as possible sign-up.

[philinlondon]

Can someone pls direct me to the thread or link to sign up to the big group?

sorry found it now
http://www.wttconsulting.co.uk/#!big-group/ci09

[chubacabra]

Can someone pls direct me to the thread or link to sign up to the big group?

sorry found it now
WTT Consulting | Tax Enquiry Specialists | London

Yep that's the one. Any issues the email is [email protected]

Look forward to seeing you there!

[webberg]

Big Group has a meeting with HMRC coming up.

An agenda is being put together.

If you want to contribute to that, you can do so via the Big Group forum.

This promises to be the first of a number of meetings but setting the ground work is is obviously important.

[mrmonkeyboy]

finally got round to submitting my application.

The stress of all the brown envelopes arriving at xmas time is already mounting again!

[webberg]

We're working on a short version of the matters we discussed with HMRC to be recorded and posted to our open forum in the next few days.

There is a long version of the webinar presentation available to all members and the short version will not make any new revelations but will take less of your time.

I'm crafting a script now but if you want something in particular mentioned, please let me know and I'll include it if I can do so without breaching confidentiality.

[jazzyg]

Are PBT members also joining Big group.