Having unknowingly joined one of these loan schemes under 24 months ago, i have recently had a letter from HMRC asking me to submit a self assessment form.
Today i have had a word with my umbrella company, they have stated that the loans are loans and should not be submitted on the form, they have gone as far as saying that they will complete the self assessment form for me.
From the letter received from HMRC i have 3 months to complete my assessment.
I am confused what to do here.
Questions:
Joing BIGGROUP will NOT help me as a individual case, correct?
What if I just want to know what is expected of me from HMRC? How do i go about doing this?
Should i allow my umbrella company to fill out my self assessment? After all i am technically employed by them.
I no longer feel comfortable carrying on in this 'scheme', if i decide to leave how will it affect the 'outstanding loans' ?
As above i want to leave, what shall i switch to? another umbrella or ltd?
Thank you all in advance.
Today i have had a word with my umbrella company, they have stated that the loans are loans and should not be submitted on the form, they have gone as far as saying that they will complete the self assessment form for me.
From the letter received from HMRC i have 3 months to complete my assessment.
I am confused what to do here.
Questions:
Joing BIGGROUP will NOT help me as a individual case, correct?
What if I just want to know what is expected of me from HMRC? How do i go about doing this?
Should i allow my umbrella company to fill out my self assessment? After all i am technically employed by them.
I no longer feel comfortable carrying on in this 'scheme', if i decide to leave how will it affect the 'outstanding loans' ?
As above i want to leave, what shall i switch to? another umbrella or ltd?
Thank you all in advance.
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