Talent Resource Management

[astrogirl]

TRM Voluntary windup

Hi I have contact both TRM amd Redding. I don't know how to PM but if you PM me i'll reply

I tried to contact TRM via email with no success. I then googled them and found this:

http://www.guernseyregistry.com/ccm/...et_id=9871056&

Companies (Guernsey) Law, 2008 Notice of Voluntary Winding Up

Pursuant to section 392 of the Companies (Guernsey) Law, 2008, the Registrar of Companies GIVES NOTICE THAT:

1. On 31 March 2009, TALENT RESOURCE MANAGEMENT LIMITED (registered number 40375) passed a resolution that it
commence voluntary winding up.

2. The company appointed Dr R K Ashton of Ashton, Barnes Tee Advocates as the liquidators of the Company.

3. Any person who may have an interest in this matter should
contact the liquidator.

M. Whiteley
Registrar of Companies
31 March 2009

Can anybody provide a email for a good lawyer or tax agent in the UK who is familiar with the whole issue and has helped other people re HMRC letters?

[Michael J Perry FCA]

Mod Note: advertising deleted

Mod Note: advertising deleted

[Jahanzeb]

More TRM/ HMRC woes

Thanks for the reply audioaero.

I am currently seeking advice from a number of quarters. Some are independent ex tax inspectors previously involved in special investigations and also a firm of accountants based in Liverpool who have a good track record with such investigations. I am at the early stages at present and no one has discussed costs / likelihood of success etc as yet. I believe the best course of action is that of a collective with a unified front and significantly greater pooled resources.

I will post my progress as things unfold.

Regards,

TD88

Hi TD,
this is my first post, I was asked the following questions regarding TRM:

1. At what date did I commence employment with TRM in the tax year 06-07
2. A List of dates with the name and full postal address of any company which paid me during that year
3. For question 2 provide a schedule of fees paid by the above companies to TRM – and if I don’t have this, then HMRC wants my banks statements for 06 and 07.

I do have a contact who was unsurprised that I had recieved this enquiry, I would be happy to collaborate and come up with a unified front regarding these questions/enquiries. I cannot PM you for some reason, but my email is [email protected], please do contact me and lets share some solutions. Many Thanks,

Jay

[Michael J Perry FCA]

Update on hmrc action

As you may know, the progress on the TRM investigation front has been very slow due to the Revenue dragging their feet and trying to take up as many cases as possible to make it worth their while.

With over 2,200 ex-employees, this could result in the collection of more than £20m of unpaid taxes, interest and penalties.

A number of new cases are emerging and that seems to rule out the hope that HMRC may drop their actions in the near future as some clients seem to think.

You should be aware of the Disguised Remuneration legislation introduced in the 2011 Budget.

Most cases have now been transferred to Edinburgh.

Our first case started in January 2008 and is ongoing.We are currently dealing with more than 15 cases and have another possible 10 cases in the pipeline as HMRC start to take further action which can include the issue of Determinations and the opening of enquiries into years later than 2006/07.

Aspect enquiries can turn into full enquiries and it is therefore necessary to proceed with caution.

If you are not professionally represented yet, now is the time to obtain some advice as HMRC are issuing notices to provide information and produce documents under Para 1 Sch 36 FA 2008. This carries a penalty for failure to comply of £300 plus a possible daily penalty of £60.

Many of these cases were started outside the enquiry window, however, HMRC are using the discovery provisions (Section 29 TMA1970) to open protective enquiries.

Mod note: advertising removed.

[Michael J Perry FCA]

Update on hmrc enquiries into ex-trm employees tax affairs

There is not too much to report since my last post.

I am not aware of too many new cases being opened currently after a spate in March 2011.

HMRC have put most cases on the ''back burner'' for now although it is advisable to deal properly with all questions and requests for information according to an agreed timetable. Cooperation is essential.

It is likely that this matter will go to a First Tier tax tribunal and thereafter turn on a point of law.

Legislation was introduced in the last budget to outlaw such schemes but the Revenue's position is that they are able to challenge these cases under the pre-existing law and will pursue these cases by litigation where necessary.

It is always advisable to take professional advice when dealing with HMRC's Specialist Investigations office.

[Michael J Perry FCA]

TRM Further Update - NIC Claims

Since my last update, HM Revenue & Customs have lodged County Court protective claims in respect of employee Class 1 National Insurance contributions for certain ex-TRM employees who are currently under tax investigation.

If you have received such a claim against you; a determination of income tax; or, a legal notice to produce documents, you should seek professinal advice without delay.

We can provide free initial advice over the telephone.

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[Michael J Perry FCA]

TRM Latest Update - HMRC action

HMRC have advised that cases are on hold whilst they consider their position and next course of action.

The core guidance on HMRC policy is the recently revised Litigation and Settlement Strategy.

HMRC expect to make an announcement by the end of the year.

For more details and guidance about this post do PM me.

[Michael J Perry FCA]

Talent - Update

As no response was received from HMRC by the end of 2011, I contacted them recently and this is an update which I sent to my own clients in January 2012:

I have today spoken with Dave Griffin at HMRC's Specialist Investigations Office.

I did not discuss specific cases.

The position seems to be very much as at my last update and the following comments were made on behalf of HMRC:

•Matters have 'moved on' but there is nothing substantive to report
•Cases are being discussed with other departments within HMRC
•We will be informed on a case by case basis as soon as HMRC decide upon their intended course of action

[Michael J Perry FCA]

Talent - latest update

At last there is some HMRC activity on these cases.

I have recently spoken with HMRC and we should expect either a public or individual announcements to be made about intended future action early on in the New Year, if not before.

There could be a ''settlement opportunity'' on offer to taxpayers under current investigation.

HMRC are apparently not keen to litigate at this stage but, no doubt, we will get to that in time.

There are signs that contractors who transferred from Talent to Cherrylon Marketing Limited (or those who were solely at Cherrylon) are now being pursued and put under investigation by HMRC in a separate range of actions).

Mod note: No advertising! (I missed this).

[Leebok]

Transferred from Talent to Cherrylon

At last there is some HMRC activity on these cases.

I have recently spoken with HMRC and we should expect either a public or individual announcements to be made about intended future action early on in the New Year, if not before.

There could be a ''settlement opportunity'' on offer to taxpayers under current investigation.

HMRC are apparently not keen to litigate at this stage but, no doubt, we will get to that in time.

There are signs that contractors who transferred from Talent to Cherrylon Marketing Limited (or those who were solely at Cherrylon) are now being pursued and put under investigation by HMRC in a separate range of actions).

Mod note: No advertising! (I missed this).

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Hi All,
I am new to this and I have been reading a few blogs on here to find one relevant to my situation and this seems the most relevant as TRM and Cherrylon have been mentioned.

I recently received a letter from HMRC Local Compliance office in Bootle thanking me for my Tax return for year end 5 April 2011 but they would now like to check my return and quated Section 9A Taxes Management Act 1970 under Code of Practice 8.

They note that I took part in arrangements whereby I was involved in an offshore scheme with Cherrylon and received sums of money in the form or Loans or Expenses.

1: They now want to know what sums I received as loans or expenses
2: what amount of the loans have since been repaid and on what dates.

Does this mean I am being investigated or are they fishing for evidence? It seems they are not actually aware of what I received as they ask about loans "or" expenses. It seems they have got wind of Cherrylon and chasing the people who signed up.

Does anyone have any experiance of this and any advise on what I should do?
I will try to contact Cherrylon but I believe they changed names or that scheme was transferred. I need to do more digging but this seemed a good place to start.

Any advice or feedback would be greatly appreciated as it seems we are all in the same boat here and we could all help each other.