Loans from EBTs and other Trusts

[Toocan]

I was on an offshore Loan scheme for a year-and-a-bit following the demise of the Trust scheme, and have had two COP8 enquiries opened for those years. Shortly after the enquiries were opened, HRMC asked for various bits of evidence to check the veracity of the loan arrangements (copy of the loan agreement, proof of monies received, etc) which were duly supplied. I've heard nothing since, and now that HMRC have got all the info they requested, I think they should be in a reasonable position to make a judgement on my tax position. I don't want to wait indefinitely for a retrospective change to the law which will clobber me at some point in the future, so I'm seriously contemplating asking HMRC to issue a closure notice. Has anyone got any advice to offer on this, or had any experience of doing so?

HMRC will not respond to your request with anything helpful.

You will need to apply to the Tax Court and ask for Closure. The form can be found here:

http://www.justice.gov.uk/downloads/...ation-form.pdf

Frankly, you have nothing to lose. It might cause HMRC to speed up the closure of the scheme you were using - but it will make it more difficult for them to use retrospeciton on you.

[CanPayButWouldRatherNot]

just worried it opens up a second front for MTM ... (dont think they can retro the loan scheme on this one ...assuming you got out before the law changed)

so the longer it goes on the better for my flexible mortgage


that said I think its worth formally writing the the revenue and chasing them for a decision/action on this ...

maybe all the loan scheme punters via MTM should meet up and do a "class action" ..or group letter to do this >?

[DigitalUser]

Based on the previous, has anyone made an assessment of the Breeze Wealth offering? It's advertised on this site but makes some rather impressive 'guarantees' and an indemnity unwritten by Lloyds of London should brown stuff hit the fan.

Mod note: I've deleted your other post as I'm not convinced that you're real (too much potential advertising in that post).

If you're not, apologies - this post is enough to get you started..

[cojak]

Really? I've never seen it advertised on this site...

[Emigre]

Really? I've never seen it advertised on this site...

Me neither, I think the point he is making is that he has advertised it now...

[cojak]

Based on the previous, has anyone made an assessment of the Breeze Wealth offering? It's advertised on this site but makes some rather impressive 'guarantees' and an indemnity unwritten by Lloyds of London should brown stuff hit the fan.

Mod note: I've deleted your other post as I'm not convinced that you're real (too much potential advertising in that post).

If you're not, apologies - this post is enough to get you started..

And since it's 'unwritten' by Lloyds it's obviously worth the paper it's written on

[cojak]

And I think that it's good that these new sceams [sic ] are presented to the regulars for review

[porrker]

From the ashes

And I think that it's good that these new sceams [sic ] are presented to the regulars for review

They are the same people that used to run another scheme that received some negative coverage on a previous thread.

[cojak]

They are the same people that used to run another scheme that received some negative coverage on a previous thread.

Thanks porrker! You have your answer digitaluser - do your research and a bit of digging and I'm sure you'll find out more about the providers

You see? This is one of the reason I love this board

[LisaContractorUmbrella]

Name & Registered Office:
BREEZE WEALTH LTD
60 LOMBARD STREET
LONDON
ENGLAND
EC3V 9EA
Company No. 08036919




Status: Active
Date of Incorporation: 19/04/2012

Country of Origin: United Kingdom
Company Type: Private Limited Company
Nature of Business (SIC):
None Supplied
Accounting Reference Date: 30/04
Last Accounts Made Up To: (NO ACCOUNTS FILED)
Next Accounts Due: 19/01/2014
Last Return Made Up To:
Next Return Due: 17/05/2013
Previous Names:
No previous name information has been recorded over the last 20 years.
UK Establishment Details
There are no UK Establishments associated with this company.
Oversea Company Info
There are no Oversea Details associated with this company.


Their website says that they have loads of experience