+ Reply to Thread
Posts 1 to 6 of 6
  1. #1

    More time posting than coding


    Join Date
    Mar 2010
    Posts
    280
    Thanks (Given)
    0
    Thanks (Received)
    9
    Likes (Given)
    1
    Likes (Received)
    13

    Default EBT Loan Write Down: Premium Resolutions

    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.

    I was wondering if anyone had experience of them and/or their solution and if it would be of use to anyone here with a loan exposure. I believe there is a cost incurred and that success is unlikely given HMRC's willingness to use retro legislation!!

    FS.

  2. #2

    Some things in Moderation

    cojak's Avatar
    Join Date
    Jul 2005
    Location
    Look to your right...
    Posts
    17,606
    Thanks (Given)
    422
    Thanks (Received)
    856
    Likes (Given)
    3805
    Likes (Received)
    2467

    Default

    Never heard of them and googling finds no record of them either.

  3. #3

    More time posting than coding


    Join Date
    Mar 2010
    Posts
    280
    Thanks (Given)
    0
    Thanks (Received)
    9
    Likes (Given)
    1
    Likes (Received)
    13

    Default

    Quote Originally Posted by cojak View Post
    Never heard of them and googling finds no record of them either.
    I understand they are associated with (or part of) the "Dark Blue" companies as the people I know have all been referred to them by Dark Blue....

  4. #4

    Contractor Among Contractors


    Join Date
    Dec 2014
    Location
    WTT Consulting Ltd - London and online
    Posts
    1,413
    Thanks (Given)
    22
    Thanks (Received)
    223
    Likes (Given)
    63
    Likes (Received)
    459

    Default

    The director (Mr Jeremy Clark) also has an interest in Ethos Accountancy Solutions Ltd which until 4th January shared a registered office with Premium Resolution Ltd.

  5. #5

    Contractor Among Contractors


    Join Date
    Dec 2014
    Location
    WTT Consulting Ltd - London and online
    Posts
    1,413
    Thanks (Given)
    22
    Thanks (Received)
    223
    Likes (Given)
    63
    Likes (Received)
    459

    Default

    And Mr Clark is also listed as a director of Dark Blue Solutions Ltd (and a good number of other companies).

    For what it's worth, I'd be happy to share my view on the various "solutions" in the market. We've seen perhaps a dozen of so suggestions, all arriving with the usual "compliant and approved by QC" message.

    HMRC is aware of most of them and has said that they believe they do not work (well they would say that wouldn't they).

    On this occasion I would agree with them.

    That is not to say that we have a better solution or even a solution at all. We don't.

    So if you are desperate to avoid the 2019 charge perhaps a slim chance is better than none, but some of the solutions we've seen will bring substantial trouble in their wake so please, please check carefully and get an independent opinion of anything offered.

  6. #6

    More time posting than coding


    Join Date
    Mar 2010
    Posts
    280
    Thanks (Given)
    0
    Thanks (Received)
    9
    Likes (Given)
    1
    Likes (Received)
    13

    Default

    Quote Originally Posted by webberg View Post
    And Mr Clark is also listed as a director of Dark Blue Solutions Ltd (and a good number of other companies).

    For what it's worth, I'd be happy to share my view on the various "solutions" in the market. We've seen perhaps a dozen of so suggestions, all arriving with the usual "compliant and approved by QC" message.

    HMRC is aware of most of them and has said that they believe they do not work (well they would say that wouldn't they).

    On this occasion I would agree with them.

    That is not to say that we have a better solution or even a solution at all. We don't.

    So if you are desperate to avoid the 2019 charge perhaps a slim chance is better than none, but some of the solutions we've seen will bring substantial trouble in their wake so please, please check carefully and get an independent opinion of anything offered.
    Thanks for the feedback. I have a couple of questions so I'll PM you.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.