Tax‑Avoidance Alert: The Big Scam That’s Moving Money Out of the UK – and How to Stop It
HMRC just dropped a bomb on a behind‑the‑scenes tax‑avoidance scheme that’s been funneling cash offshore. If you’re caught up in this mess, you’ve got to quit it fast.
How the Scheme Works (It’s Basically a Money‑Shark’s Nightmare)
- Step 1 – Contractors sign up with Procorre LLP in Singapore.
- Step 2 – Their Personal Service Companies (PSCs) invoice the clients.
- Step 3 – The money slides straight to Procorre.
- Step 4 – Procorre takes a nominal fee, then sends the rest back to the contractor or the PSC.
Those payouts come from a jumble of bank transfers, pre‑paid cards and other sources – all of them should have triggered Income Tax and National Insurance Contributions. Yet the scheme deliberately keeps them off the tax radar, pulling a chuckle at the taxpayers’ expense.
Who’s the Big Boss?
At the top of this gravy train is Darren Patrick‑Green (also called Darren Green), the ultimate beneficiary of the Swiss giant Corre Holdings SA. Corre Holdings owns most of Procorre, and HMRC is also eyeing its possible role in buying-off PSCs themselves. Other players named by GOV.UK today include Jason Bougourd and Alizeh Nanji.
HMRC’s Moral‑Panic Statement
Jonathan Smith, Director of Counter‑Avoidance says: “Tax avoidance is cynically presented as a smart money move. In reality, it rarely works as advertised, and those who participate often end up with nasty surprise tax bills.”
He urges anyone who thinks they’re part of the scheme to contact HMRC ASAP and get out before the penalties pile up.
What’s Next? Check Out the Don’t Get Caught Out Campaign
HMRC’s campaign spells out the consequences: hefty tax refunds, interest, penalties—basically the whole nasty package that nobody wants.
Three Schemes Named Today
- Procorre LLP scheme (the one described above)
- Two other schemes were also named on the GOV.UK list of tax‑avoidance blue‑prints
If you used a scheme promoted by any of these companies, don’t wait—reach out now. Email [email protected] for help.
Bottom Line
Tax avoidance might sound like a clever loophole, but it’s usually a legal trap that leaves you with sky‑high bills. If you’re involved, exit the scheme, get your finances straightened up, and let HMRC help you tidy up the mess. Trust me, the “scam” is more about your bank balance than your credit score.
