I have been approached by ‘Inland Solutions’, they purport to be some sort of accountancy who claim they can save money on my income tax.
I am informed that I go self employed and have any agency/lorry driving wages paid gross directly to Inland Solutions. I also need to keep details and, where possible, receipts for expenses and mileage to and from work. Inland Solutions then deduct from my gross figure all that requires deducting to produce a revised lower gross figure for the taxman, for this Inland Solutions will charge me 6% of my gross pay ( or £7 per week if I do more than, say, 10 days per month on agency. I then receive the revised gross payment to my bank minus the 6% as yet I can’t yet work out if they pay the taxman for me or not.
Now…I,m employed and already pays so additional self employment doesn’t appeal.
Has anyone any experience of Inland Solutions or a similar scheme and can offer some advice? I.e. good, bad, steer clear?
I do not know the outfit, but; The simple answer is… they are in business to make a profit. The taxman isn’t going to share his money with them so that just leaves you.
Having a Ltd Company or being self-employed do have advantages for SOME people, but certainly not everyone. And here these people are already telling you what they would like you to do whilst knowing very little about your circumstances or needs.
If they were as good as they claim they would not be contacting you, they would have a queue at their door.
Words like feet, pole, barge and ten come to my mind.
that allows you to get some tax relief on meals and mileage travelling to site. I have worked a lot for pertemps who offer this scheme as a normal agency driver,it adjusts your hourly rate down slightly but your bottom line does go up say by 8-10%. they dont charge anything for doing it either
Tazbug:
I have been approached by ‘Inland Solutions’, they purport to be some sort of accountancy who claim they can save money on my income tax.
I am informed that I go self employed and have any agency/lorry driving wages paid gross directly to Inland Solutions. I also need to keep details and, where possible, receipts for expenses and mileage to and from work. Inland Solutions then deduct from my gross figure all that requires deducting to produce a revised lower gross figure for the taxman, for this Inland Solutions will charge me 6% of my gross pay ( or £7 per week if I do more than, say, 10 days per month on agency. I then receive the revised gross payment to my bank minus the 6% as yet I can’t yet work out if they pay the taxman for me or not.
Now…I,m employed and already pays so additional self employment doesn’t appeal.
Has anyone any experience of Inland Solutions or a similar scheme and can offer some advice? I.e. good, bad, steer clear?
Thanks
Tazbug
sounds similar to a company i dealt with they told me they would pay taxman from deductions they made then transpires they didnt pay him and I ended up paying taxman suffice to say I no longer deal with them they seem to have no idea what they are doing.
if drivers regitered just for self emploumers(not LTD),IF He understand all this paper work.can do ask agency paid money for him bank account.and not aplly to some acconters??
I was with inland solutions/Colin o toole.
They stop you 5% of your net,which is their fee…and they also keep a bit back to pay most of your tax bill.
I got my Agency to email me a breakdown of each Weeks payment.
no probs
Tazbug You should pass details of this on to HMRC and they will send The compliance boys round. HMRC does not like organisations who try to take money off people on the pretence of covering NIC and Tax when they have no right to do it. If they bend over nicely and pay everyone back, promise to do things correctly from now and pay a fine then HMRC will leave it at that. Otherwise they will be going to court with the prospect of a term at her majesty pleasure.
Remember they are only a few lines of work that require you to pay a set deduction to cover any tax and nic that you may be due to pay and they all have one thing in common. That is they are all run by HMRC and you would be given a proper HMRC form showing the amount that has been deducted