Ace 3,556 Posted September 17, 2012 Share Posted September 17, 2012 This might interest you ..I met with a business aquaintence of mine, who informed me that earlier this year, he was invited by his bank (Clydesdale) to a seminar regarding how to reduce your tax burden, this seminar was all about EBT's and their practical use in business today.I find it interesting that the main sponsor for the SPL is actively encouraging SME's to examine and utlise this scheme, while sponsoring a league who actively particiapte in persecution of companies who partook of this scheme.A side note, his accountant told him not to go anywhere near the scheme. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted September 17, 2012 Share Posted September 17, 2012 Re his accountant telling him not to go near them.........................Accountant not getting any commission from them.Accountant not knowing much about them.Just going on dealings with this profession. Quote Link to post Share on other sites More sharing options...
jonbryce 63 Posted September 17, 2012 Share Posted September 17, 2012 Re his accountant telling him not to go near them.........................Accountant not getting any commission from them.Accountant not knowing much about them.Just going on dealings with this profession.Accountant has picked up lots of clients who left their previous accountant after selling them schemes like this which went horribly wrong and left the client with a huge tax bill.Just going on personal experience of working as an accountant.The people who sell these schemes will give us about 30% commission if we recommend them to our clients. I still tell them not to go near them. Quote Link to post Share on other sites More sharing options...
moonlighter 14 Posted September 17, 2012 Share Posted September 17, 2012 I watched a documentary around 3/4 weeks ago about EBT's. The most shocking thing about it was the guys doing the seminars were all employed by HMRC. Some off them were even board members. Who better to advise you on saving tax eh? Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted September 17, 2012 Share Posted September 17, 2012 Accountant has picked up lots of clients who left their previous accountant after selling them schemes like this which went horribly wrong and left the client with a huge tax bill.Just going on personal experience of working as an accountant.The people who sell these schemes will give us about 30% commission if we recommend them to our clients. I still tell them not to go near them.Just sent you a war and peace pm Quote Link to post Share on other sites More sharing options...
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