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...
It's a common feature of these threads that lenders have become difficult to find and engage with.
We have recently had some experience in this arena.
In most schemes that used loans, certainly until 2011, loans were advanced by the company acting as trustee for a trust. In some cases, the...
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.
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.
The above arrangements were active from perhaps 2011/12 thru 2015/16 and perhaps a little later.
A group of former users of the arrangements has been formed (CCR Group) and has in the past year attracted a decent number of members.
The group is run by a committee of former users and funds...
I am desperate to get some information and help. I’ve received a letter from HMRC asking to pay more than 30K under tax avoidance for the year 2012/13 under the discovery provision of Section 29 of TMA 1970.
I was using IQ contracts umbrella company through Darwin scheme for the same.IQ...
Anyone used Aston Mae / Glen Mae or Procorre and received Notice of Assessments for scheme that was based on overdrawn capital account? I've received 2011/12 and 2012/13 both i've appealed and HMRC have agreed to appeal and postponed. Just wondering (whilst Big Group closed) how many others out...
I, along with many, made use of the AM Ltd EBT/PBT loan solution. However, they seem to be reluctant to discuss the new retrospective HMRC legislation with regard to loan schemes.
The message I am getting back from them is that they are waiting for Royal Assent, in July. Since the queen has...
So I have received a notice of assessment under s29 of the TMA 1970 for the 2012-13 tax year requesting payment by 20 April 2017. My scheme promoter has written back appealing the assessment saying - There are no grounds for raising an assessment; That HMRC have not made any discovery, hence...
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...
I, along with many, made use of the ICS EBT/PBT loan solution. However, they seem to be reluctant to discuss the new retrospective HMRC legislation with regard to loan schemes.
I cannot understand why no one from ICS has been proactively contacting users to provide advice on guidance.
Apologies if there is already a thread covering this topic but I couldn't find one. The focus of this thread would be to discuss the relative merits of any support groups which exist, and are available for contractors to join.
My personal objectives would be:
To achieve a fair settlement with...
Is there a way to find SRN by Scheme/Trust name?
Has anyone had any dealings with Umbrella Contracts? A friend of mine who is a Doctor is considering using them. I've told him to steer well clear.
Apologies as this has no doubt been discussed in length before but I can't seem to find any clear answer here or via Google on the topic of fleeing to another country where HMRCs powers are limited and they have no power to legally recover what they think is owing against APNs issued.
Apologies, I've read many threads on this subject and there does not seem to be agreement over whether paying the charge would incur an interest penalty or not. Is there any way to get a definitive view on this, or are HMRC just keeping us all guessing?
Brief update, on Friday I received a check of self assessment for the tax year that included the brief spell with bedouin (redstone), I have discussed this with bedouin (Michelle booth) who have provided a stock response form to reply with. Again reiterating their stance that they are fully hmrc...
I've just received a letter from HMRC advising that they're intending to enquire into my SA for Year ending 5th April 2015.
They state the following on the letter:
"I understand that you may have participated in arrangements promoted by Via Trade Consultants in the period of my...
Hi All has anyone received an Assessment notice from HMRC regarding APSE Consulting?
Has anyone else had a Serial Tax Avoider Register letter?
I've just had one & it's confusing me :eyes
Here we go again....
I think there may be a live feed.
At the risk of upsetting those who favour a different approach to APN, I've put together a (short) list of grounds for a representation against an APN.
These are NOT looking at the success/failure of a JR which is an entirely separate issue.
These are not going to apply to ALL schemes - you...
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