Umbrella Co query Umbrella Co query
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  1. #1

    Nervous Newbie


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    Default Umbrella Co query

    Hi, Has anyone had dealings with the umbrella Co Focus Contractors Ltd? Weekly payments comprise PAYE & Growth Shares Payments, with Capital Gains Tax deducted for shares. Net return around 78% . It doesn't seem their payment scheme is disguised remuneration as tax is declared. Any advice in terms of possible tax liability would be appreciated. Thanks

  2. #2

    bored now

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    Quote Originally Posted by NickP View Post
    Hi, Has anyone had dealings with the umbrella Co Focus Contractors Ltd? Weekly payments comprise PAYE & Growth Shares Payments, with Capital Gains Tax deducted for shares. Net return around 78% . It doesn't seem their payment scheme is disguised remuneration as tax is declared. Any advice in terms of possible tax liability would be appreciated. Thanks
    Run away, do not walk...
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  3. #3

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by NickP View Post
    Growth Shares Payments,
    Hi Nick, welcome to the forum.

    AVOID anyone that is offering something other than PAYE. When they start to have to explain, or drip feed "payments" in various ways, chances are they are either doing something they know is going to get you in trouble, or they suspect it will get you in trouble, but they will make sure that you are responsible.
    I'm perfect, in a very specific and limited way.
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    Space... between the ears

  4. #4

    Contractor Among Contractors


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    Quote Originally Posted by NickP View Post
    Hi, Has anyone had dealings with the umbrella Co Focus Contractors Ltd? Weekly payments comprise PAYE & Growth Shares Payments, with Capital Gains Tax deducted for shares. Net return around 78% . It doesn't seem their payment scheme is disguised remuneration as tax is declared. Any advice in terms of possible tax liability would be appreciated. Thanks
    Ask them to indemnify you for any future HMRC claim against you that all "tax is declared" and see what they say.

    Have they given you an illustration showing how "tax is declared"?

  5. #5

    Banned


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    RUN.
    quickly
    do not touch it with someone elses bargepole.
    'nuff said

  6. #6

    Some things in Moderation

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    "Growth Shares Payment" duly added.

    Issues with "Tax Efficient" PAYE Umbrellas
    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
    - Voltaire/Benjamin Franklin/Anne Frank...

  7. #7

    Fingers like lightning


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    And this is only the start! waiting for more and more of these to pop up ready for any start of year rush!

  8. #8

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    Quote Originally Posted by lucyclarityumbrella View Post
    And this is only the start! waiting for more and more of these to pop up ready for any start of year rush!
    And things like this https://www.contractoruk.com/forums/...-umbrella.html really aren't going to help.
    merely at clientco for the entertainment

  9. #9

    Fingers like lightning


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    Quote Originally Posted by eek View Post
    And things like this https://www.contractoruk.com/forums/...-umbrella.html really aren't going to help.
    Oh my

  10. #10

    bored now

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    Quote Originally Posted by lucyclarityumbrella View Post
    Oh my
    I thought you had seen that.
    merely at clientco for the entertainment

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