For discussions relating to enquiry letters being sent out by HMRC.
This thread will provide news and information on the ongoing dispute with HMRC over the Montpelier double tax scheme (BN66/s58). It may also be of interest to deGraaf and Steed users.
I will try and post an update every Friday morning, whether there is anything to report or not.
Mod edit: Joining instructions.
This started elsewhere but should be on its own.
I have two takers so far.
To clarify this BIG GROUP is ONE GROUP across ALL schemes.
It does not impact action individuals may wish to take on their own or via other groups.
If you have generic questions regarding HMRC enquiries, this is the thread for you. If you have questions about your own enquiry or want to make contact with others who have used your loan scheme provider, look for the thread in this sub-forum.
The first thing to point out, however:
WE ARE NOT...
The threads are filling up with stories of unexpected bills arriving from HMRC.
Whilst there is no substitute for getting proper advice that suits your own circumstances, the following general description may help reduce the shock.
However if you have an accountant - ask her/him for help. If...
I now have such a beast and am trying to find a way to get it on a forum thread.
It's a scanned document on my desktop that doesn't seem to want to attach itself to a message like this.
13 Questions you MUST ask about any scheme you are offered
The following is based on a piece originally written by and now replicated with kind permission of Jolyon Maugham QC and first appeared on the waitingfortax blog in 2014. I have shortened it and consequently any errors are mine.
This thread is for those who have recently received a Discovery Asessement from HMRC for loans made via an EBT in 2008/9 using Sanzar Partnership.
If you have received this notice and are/were part of Sanzar please comment on this thread as we would like to support each other.
Here we go again....
I think there may be a live feed.
Received a discovery assessment notice at end Feb. Duly sent a letter of appeal. Sent by registered post. It was signed for 2 weeks ago and is still not on the system. Whenever I call they just tell me it probably hasn't got around to being logged yet. But my 30 day notice period is up very shortly...
I (stupidly) fell into the trap of the EBT/PBT structures and was taken in with the 'it's 100% legal' and the 'Counsel Approved' sales pitches, along with the 85%+ take home! Fortunately, I changed to running my own Limited Company as of the beginning of this year, mainly direct to clients now.
That is the surprising conclusion after doing a load of worked examples.
You would think having all the loans taxed in a single year 2018/19 would make the loan charger higher than if the loans were taxed in the years they were received, especially if you earn other income in 2018/19.
This gentleman is often mentioned in these forums and has some notable victories (and losses) to his name, including Dextra (victory).
He has also had to deal with a number of issues in relation to his professional life recently.
It appears that...
I was with Twentyplus on an EBT until April 2015 when they became non-compliant, at that stage I switched to a compliant company. From April 2016 I have a limited company solution. I received a re-assessment from HMRC for 2011-12 and just received one for 2012-13. I have a postponement...
Just a heads up for those interested. Just for info - I'm not impacted by any of this.
The 2019 retrospective tax charge is said to be applicable to 40,000 people (HMRC figure).
It has to be assumed that this is the count of those who have not so far settled.
We have done a quick calculation of how many clients each of the known agents still active in this sector might have.
Has anyone else had a Serial Tax Avoider Register letter?
I've just had one & it's confusing me :eyes
Payment in way of redeemable loyalty points :laugh :spank: https://www.gov.uk/guidance/disguised-remuneration-job-board-avoidance-scheme-spotlight-37
I stumbled on this forum when I was looking on the internet in a state of panic :bang:
I hope this is the correct place for this.
I have also received an income tax assessment for 2011 - 2012. I was contracting under a company called Network One.
I was wondering if anyone else...
I've scoured this forum and the internet for an answer to this question but have been unable to find it, I'm hoping someone here may be able to help.
My situation briefly - had income from loans in 2005/6 from "scheme A" and income from loans in 2006/7 from "scheme A" and "scheme B",...
If you have to declare outstanding loan amounts on your 2018-2019 tax return will the deadline to pay be 31 January 2020?
Anyone heard of Premium Resolutions??
A couple of people I know have been passed in their direction to write down existing loans ahead of the planned changes to legislation this April. As far as I know they are associated with another provider that's been around for some years.
So i decided to join bestpay around a year ago thinking everything was legit.
Tried for a mortgage at a bank which was refused due to me not being able to prove my taxable income. I research more and the horror came apparent that i was using a loan scheme.
My partner was...
Hi, I have received the initial letter saying they are 'checking' my 2012/13 return. I spent half that year with BestPay but I note that at the bottom of their website, their 'data controller' is Sanzar Consulting - does this mean they are part of Sanzar or should I start a new thread for BestPay?
In shock. Received a letter from HMRC demanding 40k in additional tax from 2012-13 because they believe I was part of a contractor loan tax avoidance scheme. I was in such as scheme which was falsely sold to me but in the tax year 14-15, not 12-13.
I do not understand how they have come to this...
I am one of you who received the HMRc enquiry letter (section 9a) for my return.
HMRC says that I was with IQ contracts which was using some sort of loan scheme.
Thay are asking all sort of information including my bank statements.
I have spoken to CHSlimited which was set up by IQ to...
What is the objective of this charge, I mean the official objective? They are not content with pushing through some facicst legislation to tax us in a "guilty till proven innocent" fashion but also want to impose some punitive charge for being involved in a scheme in the first place? Seriously when...
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