I would also be keen to add to the action group to contest this.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
2019 charge - reporting
Collapse
X
-
-
Let's be very clear.
The proposed action is to highlight unfairness in the law.
Best outcome would be to have the law changed to remove those elements which may (not will or might or probably) lead to a chance of settlement on reasonable terms.
Worst outcome is to spend some money and get absolutely nothing.
Think carefully.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
-
The Government stands to collect a fair few £billion from the charge.
They're not going to give any of that up in a hurry.
I wouldn't be surprised to hear them spinning it as "tax avoiders to pay substantial portion of Brexit bill".Comment
-
Comment
-
Bankruptcy
Are them members of the bug group who are discussing and preparing bankruptcy as that i the most likely outcome for myself.Comment
-
Originally posted by jes107 View PostAre them members of the bug group who are discussing and preparing bankruptcy as that i the most likely outcome for myself.
If you are going bankrupt make sure you spend it before you go.....Comment
-
Like others, not currently a member of big group, I'd be very interested in a group against the 2019 chargeComment
-
Originally posted by Worried 72 View PostLike others, not currently a member of big group, I'd be very interested in a group against the 2019 chargeComment
-
Originally posted by starstruck View PostI'm still really confused by all this, I wonder if someone could be so kind as to clarify the following for me:
1) If your EBT loan has been formally written off over a decade ago by the trust, with all years closed, is it still caught by the 2019 loan charge? My understanding is yes because the principal loan amount is caught and it doesn't matter what has happened since then with regards to depreciation and writing off etc. (unless it has been repaid in cash). Is this correct?
Thanks.
My understanding is, whenever a loan is (was) written off or released, HMRC had to be notified with possible IHT implications. My guess, if (since ?) nobody notified HMRC at the time the loan was released, HMMafia will not look kindly on the receiver of the loan. My guess, note this is only my guess, HMMafia will be sending the heavies around.
I suggest getting professional advice and jump the gun if necessary.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment