BN66 - Time to fight back!!!

[DonkeyRhubarb]

E Cover Solutions

Web sites:
www.e-cover4u.com
www.sparename.com (mirror)

Both registered by Giles Morris (Alan Jones' "partner in crime").

Operating from the same addresses in IoM and Stockport as their Easy Accounting company:
http://www.ezacs.biz/contactus.aspx


Recommend don't touch with bargepole.

[zakzak]

DR

You confirmed my suspicions, thanks.

Avoid them like IR35!

[smalldog]

its very easy to half scare yourself to death with what you might have to pay. Ultimately my biggest argument is the time taken by the government and HMRC to introduce any counter measures to wind up the scheme. They have fundamentally taken too long in this respect and its indefensible, even Jane Kennedy doesnt have a decent answer....The 2004 compromise seems logical to me and is much more likely to be payable without the threat of bankruptcy for most.

Lets see

[poppy01]

its very easy to half scare yourself to death with what you might have to pay. Ultimately my biggest argument is the time taken by the government and HMRC to introduce any counter measures to wind up the scheme. They have fundamentally taken too long in this respect and its indefensible, even Jane Kennedy doesnt have a decent answer....The 2004 compromise seems logical to me and is much more likely to be payable without the threat of bankruptcy for most.

Lets see

I am one of those in the unfortunate position that I'm likely to be bankrupted by the demand when it comes, can anyone offer any advice, anyone been in this position before ,(or does this need a separate thread)

[Maddog]

I am one of those in the unfortunate position that I'm likely to be bankrupted by the demand when it comes, can anyone offer any advice, anyone been in this position before ,(or does this need a separate thread)

1. Ask MontP for help and advise as to what to do should the HMRC win their case. They are surely duty bound to do this, and have already hinted to me that they will provide assistance (via a 3rd party), should it be required ?

2. Get independent advice from a tax professional on the best way to manage the demand. Hopefully they will be able to more than justify their fee if they are any good.

3. Don't sit there and do nothing ! Most people on this forum (especially me) have no knowldge of the revenues workings in such situations, so best go and DYOR "do your own research".


Mad

[smalldog]

I am one of those in the unfortunate position that I'm likely to be bankrupted by the demand when it comes, can anyone offer any advice, anyone been in this position before ,(or does this need a separate thread)

Poppy, dont know your situation but IF I have to pay up I will be selling a house and maybe topping it off with some loan or credit card debt. Depending on your circumstances you can remortgage your house (if you have equity and own it), get a personal loan, use credit cards and maybe combine this with some repayment terms with HMRC....

To be honest depending on your situation bankruptcy might not be a bad option. Its not as bad as it once was, I would go this route if I didnt have assets I could sell. It wipes the slate clean and is one in the eye for HMRC too as they get a fraction of whats owed...

Im even toying with flogging my house now and blowing all the cash on something really extravagant (that isnt an asset) just so it doesnt go to hector and I can at leat enjoy it for a while. I can then go bankrupt in the knowledge they wont get their hands on it.....I wonder if property abroad is classed as an asset HMRC can get too...hmmm

[BrilloPad]

1. Ask MontP for help and advise as to what to do should the HMRC win their case. They are surely duty bound to do this, and have already hinted to me that they will provide assistance (via a 3rd party), should it be required ?

2. Get independent advice from a tax professional on the best way to manage the demand. Hopefully they will be able to more than justify their fee if they are any good.

3. Don't sit there and do nothing ! Most people on this forum (especially me) have no knowldge of the revenues workings in such situations, so best go and DYOR "do your own research".


Mad

point 1 is very interesting - I hope it wont be needed but...

point 2 - why not wait until demand received? and what is wrong with montp advice?

point 3 - all tips gratefully received! I just hate talking about ifs and buts - I prefer to deal with what happens. Though if I had any cash I would buy a CTD!

[max]

I am one of those in the unfortunate position that I'm likely to be bankrupted by the demand when it comes, can anyone offer any advice, anyone been in this position before ,(or does this need a separate thread)

Where did all the money go? I understood the fees + tax were around 15%. You must have been minting it. Didn't you buy any assets?

[redkieran]

Poppy, dont know your situation but IF I have to pay up I will be selling a house and maybe topping it off with some loan or credit card debt. Depending on your circumstances you can remortgage your house (if you have equity and own it), get a personal loan, use credit cards and maybe combine this with some repayment terms with HMRC....

To be honest depending on your situation bankruptcy might not be a bad option. Its not as bad as it once was, I would go this route if I didnt have assets I could sell. It wipes the slate clean and is one in the eye for HMRC too as they get a fraction of whats owed...

Im even toying with flogging my house now and blowing all the cash on something really extravagant (that isnt an asset) just so it doesnt go to hector and I can at leat enjoy it for a while. I can then go bankrupt in the knowledge they wont get their hands on it.....I wonder if property abroad is classed as an asset HMRC can get too...hmmm

Why not sell the house and bet it all on black at the casino? If you win then you are in the clear and can pay off your debt, if you lose then Hector gets nothing! Win/win!

Seriously though, Montpelier are currently marketing their new scheme. A friend of a friend is going to a presentation tomorrow. He might find out some info on the new plan!

[redkieran]

Actually it is Newquay - "employees also enjoy the flexibility of the backing of Montpelier"

Is Newquay part of Montpelier? I remember someone mentioning them before.