HMRC enquiries for EBT schemes through Kinsella Solutions Ltd

[NeverTheTwain]

Paying off the loans

I thought that you had to "pay off" the kinsella loans when you left their scheme - a third party actually paid the trust back via a bridging loan mechanism? Weren't you guys told to do this?

[DonkeyRhubarb]

Template letter for responding to HMRC consultation

NTRT have prepared a template letter for people to respond to the consultation. Please alter it in your own words.

Latest News | No To Retrospective Taxation

Some people will say it won't count if everyone sends similar letters but HMRC will have to report to the Minister how many responses they got. So every letter does count.

[costo]

Help Needed

It's hard to know if the majority of people who are reading this thread are affected or not, regardless of if you are or are not affected your support in this matter is urgently needed.

What is being proposed in the consultancy document gives HMRC powers that allow them to judge people "guilty until proven innocent" and force money to be paid without any court hearing. Could you imagine if you suddenly got a bill for more money than you could possibly afford, that you would be forced to sell your family home or go bankrupt? If you have children can you imagine how this will affect them, when they have done nothing wrong?

If you can empathise, please please take just 5 mins to help us (final date to respond is the 24th of Feb), we need as many people to object to what is being proposed as possible - the last document (Raising the stakes on Tax Avoidance) only 31 people responded (most of those professional bodies), we need many many more.

The letter NTRT guys have put together can be used a template (or even just sign it and send it in)

Latest News | No To Retrospective Taxation

If you were in the situation some of us were in, would you not want to ask everyone possible to help?

[NeverTheTwain]

I recieved an open enquiry letter in 2009 for period covering 2006/2007 but have not heard anything since. I assume I could still get caught in the Accelerated payments as the enquiry was never closed.

May I have PM access please Mod?

[Erhaab]

Representation

I'm in touch with a number of ex Kinsella / Keypay users. We're all using the same representation. If there are any other ex users who want to share information or discuss representation please feel free to PM me.

[NotAmused]

PM access please

Admin can I have PM access pls?

[NotAmused]

Stick with it or go it alone

I have just received an email from the scheme providers about having 7 days to give them quite a bit of money so they can provide 'support' in the future.

Apparently the fighting fund doesn't exist and the insurance is not applicable. Both features they use to be happy to promote.

They give very little information about their plans. The email looks like it was written by a texting teenager.

They have been not been contactable via phone or email over the last few weeks and now this.

Obviously there is an advantage to sticking to the scheme providers. But if they didn't set up basic features properly it does not give me a lot of faith in how they will act in the future.

I am not sure how to proceed. I might just be over reacting.

Would be interesting what other people's take is!

[LisaContractorUmbrella]

I have just received an email from the scheme providers about having 7 days to give them quite a bit of money so they can provide 'support' in the future.

Apparently the fighting fund doesn't exist and the insurance is not applicable. Both features they use to be happy to promote.

They give very little information about their plans. The email looks like it was written by a texting teenager.

They have been not been contactable via phone or email over the last few weeks and now this.

Obviously there is an advantage to sticking to the scheme providers. But if they didn't set up basic features properly it does not give me a lot of faith in how they will act in the future.

I am not sure how to proceed. I might just be over reacting.

Would be interesting what other people's take is!

definition of insanity - to keep doing the same thing over and over and expect different results. You used a scheme which has now resulted in an HMRC investigation, you can't get hold of the company to speak to them, they haven't given you any reasonable explanation of their defence and yet you would trust the scheme providers to take even more money from you

[NotAmused]

definition of insanity - to keep doing the same thing over and over and expect different results. You used a scheme which has now resulted in an HMRC investigation, you can't get hold of the company to speak to them, they haven't given you any reasonable explanation of their defence and yet you would trust the scheme providers to take even more money from you

Thanks Lisa, I agree. Just trying to see if anyone has a better experience than I have had.

[DonkeyRhubarb]

definition of insanity - to keep doing the same thing over and over and expect different results. You used a scheme which has now resulted in an HMRC investigation, you can't get hold of the company to speak to them, they haven't given you any reasonable explanation of their defence and yet you would trust the scheme providers to take even more money from you

There is also the question of what are they going to do with this "fighting fund".

Any litigation against the scheme could be years away.

Are they going to fight against the DOTAS Accelerated Payment Notice legislation (APN) which is going before Parliament? Or try and challenge it in the courts after it becomes law?

I would want to know exactly what the money was going to be used for before even contemplating handing any over.