Talent Resource Management

[TykeMerc]

I haven't the faintest idea what you are referring to here, but your understanding of basic law is faulty.

You do not need to sign something to indicate agreement to specific terms of a contract.

You can do that by performance. I.e by performing your part of the proposed contract without first indicating your NON acceptance of the terms you are legally seen to have agreed to those proposed terms.

So if someone says, "here's a loan", and you take the money without first replying e.g. "no it's not, it's a gift", then in law, it's a loan, whether you have signed the accompanying piece of paper or not.

HTH

tim

Not sure about that from a Consumer Credit Act perspective, but you would need an expert opinion on that.

It is true what you say re a contract though, a signed bit of paper isn't always necessary although it does of course make it infinitely more enforcable.
How UK contract law was explained to me is that there must be 3 fundamental things in place.

1. Offer - Pretty clear what this means.
2. Acceptance - Again fairly clear.
3. Consideration - Payment that's been received and accepted.

On topic though, I've been tempted by these various tax avoidance schemes in the past, but never taken the leap as they've all seemed a little too good to be true. I'm an awful cynic and rather risk averse when it comes to my tax affairs so I very likely don't do too well in tax efficiency compared to some.

[Level390]

You do not need to sign something to indicate agreement to specific terms of a contract.

You can do that by performance. I.e by performing your part of the proposed contract without first indicating your NON acceptance of the terms you are legally seen to have agreed to those proposed terms.

Yes but.....

Not if the "loan" did NOT form part of the contract. Examine the contract closely. If it draws reference to the loan then this may be true, but if it doesn't, it doesn't form part of the contract.

Terms and Conditions are one thing.

But then how it is administered is something else completely.

[ramble]

Trm

I am again one of the individuals that has received a number of letters from the Reading finance people.

I left TRM approximately 3 years ago and I have received 4 letters to date. A new loan letter for 2005, 2006, 2007 and 2008!

All of which state that each loan has a 'year end the 31st March 200x (the original date)'

This I find odd since I have not been with TRM definitely for 2007 and 2008 and mist of 2006. It is also interesting that each year starting from 2005 it leaps in 10 of thousands from 88K in 2005 to 115K in 2008.

I have all of my statements from TRM and a copy of the invoices sent and a simple in / out calculations shows my balance to be zero.

It is safe to say that until they give me a full explanation in writing why the change is required, a letter stating that I owe them nothing then they will get no signature from myself.

Cheers JC

[nphelp]

I joined them last April after a work colleague recommeded them - he left about 6 months back so ill ask him what was said or if he's had the letter.

The letter I received was before I started and its was in an email which is still legal. After I finished I has query about a payment and when I was sorting that out I asked the payroll admistrator about the loan and she said it "would be automatically written off" in an email.

[Level390]

Hello All,

If anyone is interested please email or PM me through the forum and I'll try and put something together. Regards

Jon

Hi Jon. Good of you to do this.

How do we get hold of you through this forum?

How do we email you?

[JonC]

Hi,

Well at least you have emails. I did have email correspondence, but it was sent from a clients site and now I don't have access as I left two years ago.

We really need to pool resource on this.

I'll PM or email to compare notes this evening.

Kind regards

Jon

[ferret]

Hi Jon. Good of you to do this.

How do we get hold of you through this forum?

How do we email you?

New users to the forum cannot PM. The administrator will change this for people who contact him, just use this form:
http://forums.contractoruk.com/sendmessage.php

Jon, have asked him to unlock your account so you can receive PMs, saves publishing emails on the forum where spam bots will find them...

[Nautique196]

Another worried ex!

Received the letter Friday and nearly fell off the chair....£37K!
I left them well over 18 months ago and in conversations that I had prior to my leaving, I was assured that was then end of the agreement. Stupidly I did not insist on anything in writing, so I will watch this thread develop with great interest.
And I will NOT be sigining the letter.

[lbaker12345]

Dark knight i've been watching things closely reagrding talent, i too have been using them (with no problems until recently re HMRC investigation) i would like to chew the fat over things with someone else in a similar position, fancy having a chat?

[lbaker12345]

jon

give me a call to discuss my name is leigh and i have been going through a similar issue re these loans (been with talent for 2 and a half years) - my tel no is 07776 294220.

my take on it is that if the HMRC declare the loans as income they are then income and cant be loans therefore only 1 liability to HMRC not a double whammy.

cheers