For discussions relating to enquiry letters being sent out by HMRC.
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.
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.
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...
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.
Has anyone discussed that the providers of the EBT schemes are liable for the tax individuals are now owing. I feel really duped by the big sell "fully HMRC Compliant" gag and when the proverbial hits the fan they shut up shop and disappear!
This isn't a contractor scheme - its an employee share scheme - but it is caught up in the same review process so I'm after some advice on how things work.
Can anyone enlighten me on due process?
Hi, I have received a letter from HMRC saying it believed I have taken part in a loan scheme. I don't know what to do. This is for Tax Year 2011/12?
I am very ill and unable to work for past year. Please can you advise what to do. I contacted Darwin who have changed part of their name and not...
On 5th April 2016, HMRC's ability to issue a discovery assessment for 2011/12 within the "non contentious" 4 year window, CLOSES.
If you are exposed for that year and have had no valid section 9A enquiry notice, then you are likely to be on the receiving end of a discovery notice.
HM Revenue & Customs: Settlement opportunity: tax on contractor loans
I have yet to read this in detail other than to note it expires 9th January 2015.
Might be worth a thread of its own?
before I read this entire thread and spend the next week googling is there some way I can come upto date with enquiries about flemming laing and glen may from 2010 onwards. feel free to contact me if you need to.
Just received another annoying letter, this year regarding check for my 13/14 return, letter dated 13 Oct where my return was submitted 4th of Nov 14.
Long story short it asks for my loan schedules along with bank statements to show the amounts.
It also ask for promotional...
Tax QC Thornhill faces disciplinary over professional misconduct - 19 Oct 2015 - Accountancy Age
Without jumping to conclusions here this is potentially not good news.
I've met Mr Thornhill professionally and he struck me as somebody who arrives at his conclusions after a rigorous analysis...
Seems to be a lot of discussion on this.
I offer the following.
HMRC seem to be saying that the trusts (lenders) will fall into one of two categories.
Section 86 trust or a section 72 trust.
A section 86 trust is one that attracts a tax charge on either a distribution (exit) of assets...
Got my APN and contacted Darwin again to see what assistance was available but they put me on to Contractor Help desk. They advised that they do not deal with enquiries regarding Darwin as Darwin basically cancelled their contract. They advised to go back to Darwin. Darwin then gave me the...
I'm after a little help. I used a Cascade / Penfolds EBT scheme 2007/2008 for 6 months.
Got a message from Penfolds 04/SEP/2014 regarding HMRC investigating the scheme. I signed up Reynolds Porter Chamberlain and Saleos to 'handle' any enquirers/appeals.
Heard nothing until...
We are receiving very worrying feedback from readers informing us that they are in receipt of APNs for tax years where, as far as they are aware, no open enquiry exists (a prerequisite for the lawful issuance of an APN).
We are hearing about figures as high as 40% of APNs where the existence of a...
If you are interested, a blogger is at the hearing and blogging notes.
HMRC vs MGH | The Scottish Football Monitor
For people who used The "Talent Resource Management" scheme and have either recently received the class of 08/09 invite or are already under the kosh due to an existing COP8 enquiry. Also for Cherrylon/Trentburg 2009/10 and 2010/11 tickets
Edit:For group representation queries ping me an email...
HMRC uses new powers on contractors: 'I was told to pay '£30,000 within 90 days' - Telegraph
There is a message on the webpage for Taxtalk indicating that they filed for voluntary liquidation on 25th September.
We're aware that they had the rump of a fighting fund supporting them for a long while but that has obviously now been exhausted.
The schemes they were looking after are...
We are starting to see evidence of how HMRC will be approaching years 2011/12 and beyond.
For those of you who made a return for that period but had no enquiry notice, you will get a letter saying that HMRC has examined 12/13 and have questions that may extend to 11/12 so can they please have...
Before anyone shoots this thread down Ė I appreciate that there are examples of APNís on this board and rough calculations as to how it will get added up. If there are more specific calculations then I simply havenít found them yet. Which is why I raise the question:
How is Other Income...
I've been searching for a group thread of contractors who used ICS (still going in UK) and Isle of Man EBT/loan companies Merchant and Marra, roughly from years 2007 through 2010.
The scheme and loan setups used sound extremely similar to those I've read about from Edge, Sanzar...
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