Just got a Cop8 letter from Hmrc

[DonkeyRhubarb]

Eagle - it is possible to force the issue to the commissionaires - NONE of us affected by BN66 did this - to our regret. By all means take advice, but if it were me I would get it into the commissionaires courts ASAP - certainly before any budget. Once you are in the legal system, even retrospection cannot affect you.

Get advice, and do not wait. You have to peg the law before they try to change it after the fact.

The problem here is that many Scheme Promoters will be reluctant to force the issue. They will prefer just to play along with HMRC, answering queries etc.

Also, HMRC are not going to be rushed into closure. They can always say "sorry no can do, we are still investigating".

Of course, there is nothing stopping anyone asking for closure, even against the advice of a promoter, but this would be a brave move. I am sure HMRC count on most people just keeping their heads down.

[northernladuk]

Why do idiots hit the quote button and re-quote the entire dam question and then reply with three sentences??

[sal626]

Why do idiots hit the quote button and re-quote the entire dam question and then reply with three sentences??

dunno

[TheFaQQer]

Just got a letter from HMRC regarding my last self assessment. I checked the address and it seems to be coming from the Manchester office.

They sent a letter to me and my tax advisers who are not actually currently my tax advisor's I used to use them.

I don't want to mention the company I use at this point but it is not one of the ones I have seen mentioned on this site (In fact I did a search and only found one reference to them)

Is this the standard letter that the BN66 guys have been receiving? I scanned and sent the letter to my scheme and they said it was nothing to worry about.

What should my next steps if any be?

Here is the letter I received I have scanned it in using OCR I have tried to fix all the OCR mistakes so it might not be perfect appologies in advance.

================Letter to me=================


Dear' *****
Check of Self Assessment Tax Return - year ending 5 April 2008

Thank you for your Self Assessment Tax Return for the year ended 5 April 2008, which we
received on *****.

Every year we check a number of returns to make sure that they are correct and that our
customers are paying the right amount of tax. I would now like to check your return. My
check will be made under Section 9A of the Taxes Management Act 1970.
i am sending a copy of this letter to your advisers, *****. I enclose a copy
of my letter to them, which explains what I need to carry out my check. You may wish to talk
to them or your employer about this letter.

What I will be checking

I only intend to look at the employment income and benefits provided to you by ***** Ltd.
However, when i look at this aspect I may find that I need to extend my check.

After the check is completed

When I have finished my check, I will let you know if your return is correct. If it is not correct,
you might have to pay more tax or we might have to pay something back to you. We will tell
you more about this at the time. We normally charge interest on any extra tax that needs to
be paid but we can also give interest on amounts we owe you

More information

I would like to draw your attention to the booklet entitled Code of Practice 8 - cases where
serious fraud is not suspected that can be viewed at www.hmrc.gov.uk/pdfs/cop8.pdf.
This explains how we intend to conduct these checks (enquiries) and how we keep our
promise of fair treatment under the HM Revenue & Customs“ Service Commitment to you.


The code also explains how you may request that the check (enquiry) be concluded, Please
take some time to read this booklet. lf you are unable to View this booklet online please
Contact me on the telephone number above and I will forward you a copy.
If you Contact us, please quote our reference number and provide a daytime phone number.

Yours sincerely
******

====Letter to tax advisor's =========

Check of Self Assessment Tax Return - year ending 5 April 2008

Tax adviser‘s notification

I will be checking your clients Self Assessment Tax Return for the year ended 5 April 2008.
Please find enclosed a copy of the letter I have sent to your client today, which gives details
of my check. My check will he made under Section 9A of the Taxes Management Act 1970.

What you need to do now

I have issued this check because I understand that your client has been provided with
certain employment income and benefits by their employer using an arrangement involving
an Employee Benefit Trust.

I am hoping to deal with our checks centrally. I am opening this check to protect the
interests of HMRC, so that any adjustments eventually agreed can be reflected in an
amendment to your clients self assessment.

Subject to the progress of checks I may need some information regarding your clients
employment income and benefits, but for the moment I do not intend to request any
information

I shall write again when the question of tax treatment of the employment income and benefits is closer to resolution or if my enquiries do not progress this issue satisfactorily.

Yours faithfully
************
=======End HMRC letters ===========

What the hell do they mean by the part in bold? How long will I have to wait before these issues are resolved?

Please only constructive comments, if any of the BN66 guys could chip in and let me know if this sounds familiar please do!

Its with pointing out that this company is based in the IOM and I have paid full PAYE/NI on my salary as well as declared all earning on my P11D.

I have no comment to make on this post.

Why do idiots hit the quote button and re-quote the entire dam question and then reply with three sentences??

I, too, find it annoying.

[DonkeyRhubarb]

Why do idiots hit the quote button and re-quote the entire dam question and then reply with three sentences??

Maybe to annoy the likes of you. Maybe to annoy the likes of you. Maybe to annoy the likes of you.

[TykeMerc]

Why do idiots hit the quote button and re-quote the entire dam question and then reply with three sentences??

Maybe for the same reason you always write your when you mean "you are" which is witten as you're, sheer bone idleness