This is a structured piece of tax planning suitable for those who are comfortable with a higher degree of tax risk. This product works well with contractors whose contract value would otherwise be in the 40% band. The product is used by contractors or directors of limited companies, professionals such as barristers and dentists, offshore workers in the oil and gas sector and many more.
SPECIAL SUMMER OFFER – Free iPhone 6 (minimum 12m contract applies)
If you would like to know more please CONTACT US FOR MORE DETAILS.
We think that if you are comfortable with a higher level of tax risk this product stands up to scrutiny. We find that the company that has put together this product walks its talk as regards supporting the taxpayer. In the event that a taxpayer receives an enquiry from HMRC on their products, the company has some highly experienced resources with which to engage with HMRC.
If you would like to discuss this product further please call us or email us to arrange a meeting in person.
We keep a close eye on the tax planning solutions advertised to contractors. The market is completely unregulated which means that providers can say anything and not be held to account. We find products being advertised today offering 90% plus retention of funds being offered by companies that have only been in existence a few months. We find providers who offer to represent you up to the First Tier Tax Tribunal (“FTT”) if their product is challenged on your tax return – not impressive as the FTT is the lowest part of the tax judicial process. Many landmark tax decisions have been won on appeal and even appeal to the Supreme Court. Here is our checklist:
Advanced tax planning products are not for everyone and we do not make recommendations as to suitability. These products are technical in nature and are designed to comply with the applicable laws in force at the time.