HMRC Clampdown on Offshore Contractor Tax Schemes

The investigation comes following the approval of BN66 rules which cleared the way for the HMRC to seek taxes retrospectively from users of such schemes. Earlier in the year an IT Contractor who used the Montpelier Group for 7 years named Robert Huitson failed in an attempt to fight the HMRC, he lost nearly £85,000.

Contractors considering offshore tax schemes which save large amounts of tax are being asked to seriously consider their position before going forward. For many the idea of paying £85,000 in backdated tax and national insurance is financially crippling, and something which can lead many to bankruptcy.

Commonwealth Contractors

At Commonwealth Contractors we partner with OISC Registered Private Immigration Firms and Tier 2 Licensed Healthcare and IT Consultancies who may be prepared, where required, to sponsor an individual on a Tier 2 Visa (formerly UK Work Permit). If you are a highly skilled International professional and you would like to work in the UK Commonwealth Contractors can help. Our OISC Registered Partners specialise in Tier 1 General (formerly Highly Skilled Migrant Programme) visa applications and can assist those highly skilled individuals that either wish to apply or extend a Tier 1 General Visa.

For more Information call Commonwealth Contractors now on 0330 390 9021 or Submit your Details and we will get right back to you.