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The primary function of the Agency, located off-shore, is to represent itself as the Off-shore Employer. In doing so there is a separation between the Employee, and his current place of work. This is to prevent any infringement of any International Banking Law.
For example. If Employee, Mr. Smith, currently works for a company called "A company" in London, then under the new structure, Mr. Smith becomes the Employee of of an off-shore Agency, but still works at the premises of "A company."
Again it should be noted that a separate contractual agreement needs to be set-up to ensure that the Employee, Mr. Smith, in our example, still benefits from the employment contract, currently provided by what will now become his, "former", company.
The Company can now operate an Off-shore Bank Account, paying the Agent the money necessary to cover the cost of the wages bill, according to the Invoice submitted by the Agent, fulfilling the duties and functions of being the New, Off-shore Employer.
In no way, can the Company be accused of Avoiding or Evading, Taxation. That is now the responsibility of the "Agent." But the Agent is not bound by the United Kingdom Law, or the European Union Law. Taxation is therefore, now the responsibility of the "Employee." And all that requires is for the Employee to inform his nearest Income Tax Inspector. Nearest to his place of residence. As you can see, the Company is acting Legally in the United Kingdom, and the Agency is acting Legally Off-shore.
Only a week or so gone by, Professor Patrick Minford, has had a report published by the "Centre for Policy Studies," this report points out that now, in the year 2006, people working and earning £29.000. per annum, are obliged, one way or another to pay a massive £14.500. in Taxation and other Duties.
We believe that any Employee should be able to save at least, £10.000., with our system of Taxation.
The following links, are to sections explaining the involvement of each of the parties mentioned:
1) What the Employer needs to do
2) What the Employee needs to do
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