Re: DIDDUMS....
I was introduced to a QC whose documented opinion was that this was a perfectly legitimate scheme. I took soundings from other professionals who confirmed the same. HMRC have never objected in any of my clear tax returns.
As to tax-dodging, in hindsight, I'm the first to admit that perhaps these schemes were a mistake. And yet if I add up the cost of scheme (in tax paid and scheme fees), then it equals no more/no less than the cost of tax to me as a contractor with a company 50:50 split with my wife. And that is the frustrating thing about this whole farrago - HMRC are acting like a schoolground bully without actually stopping to ascertain the individual facts about the users of the schemes. Personally I feel like a sardine in a feeding frenzy -
Biting the hand that feeds IT
