Ask Paymatters.co.uk to explain these fact before signing your life away. These Myths are all 100 percent accurate from HMRC guide lines of tax and none compliance that results in an in-depth investigation and can go back 7-15 years Moreover can result in criminal proceedings and not just civil fines…:
Myth: A ‘special dispensation’ with the Inland Revenue means one Umbrella Company can allow contractors to claim more expenses than another.
Myth: A daily subsistence allowance is an expense I can claim, without receipts, in-fact I can claim it even if I didn¹t actually buy anything.
Myth: I can claim for breakfast, lunch and dinner for every single day I go to work.
Myth: Umbrella Companies fall under the recent MSC legislation and could leave me liable for additional taxes.
Myth: Some Umbrella Companies will retain a high margin but they can justify it because that I will pay less tax working with them.
Myth: An online calculator only needs my hourly or daily rate to work out my earnings.
Myth: An Umbrella Company or Composite Company can pay me a minimum salary and dividends, which will earn me more money.
Myth: My contract can be written to fall outside of IR35 (or to be IR35 friendly).
Myth: I can pay part of my salary to my partner for admin etc to minimise my tax contributions.
Myth: I can just switch Umbrella Company when I breach the 24-month rule and continue to claim expenses.
Myth: The higher my expenses, the higher my net pay will be.
Myth: I am protected from investigation from the Inland Revenue by my Umbrella Company.
Myth: An offshore Umbrella Company can reduce my tax and NI liabilities because UK tax regulations do not apply to them.
Myth: An Umbrella Company can help me minimise my tax contributions.
Many reviews about Paymatters.co.uk and Miles Grady (the owner/operator) who is a direct-sales/TeleSales man for the vast majority of his working life in Debt management NOT TAX LEGAL strategies or is a qualified TAX lawyer!
Also check if PayMatters.co.uk LLC is underwritten.
I noticed Miles Grady and his partner Nicholas Holmes have dissolved/bumped around 30 companies in the last few years.
Also Miles Grady was not the founder of Harrington Brooks as he claims in his CV. It was first named Griffin Finance (later changed to Harrington Brooks) Ian Griffin was the founder and owner. That’s a whole new story which you can read about at:
Or simply Google Miles Grady, Paymatters or view YouTube.
Think that should be enough for anyone with a brain cell.
BE VERY CAREFUL or just RUN!!!
“Miles Grady in VAT scam” ???
X Paymatters.co.uk client.