Settlement Opportunity

[dirk]

I received my lovely letter from them this morning. I won't get the 30 minutes of my life back unfortunately but it was slightly entertaining as a piece of Government propaganda.

I won't be settling.

[doordarshini]

Did any one approached HMRC for caluclations?

Did any one approached HMRC for caluclations?

[EBTContractor]

Did any one approached HMRC for caluclations?

Goodness no. Do not engage them in conversation.

[doordarshini]

Any next step suggestions

Goodness no. Do not engage them in conversation.

Any suggestions on next steps? Is anyone planning to form pool and represents...mine goes back to year 2007 and 2008 and that company does not exists now. Don't know what to do?

[retrodeath]

Why not engage them?

[LordF]

Settlement Opportubity letter received today

Hi guys

Yes, received my letter this morning too, re tax year to 5/4/2011.

My loans for that year were £21.8k in total .... anyone got any idea how much they would ask for on that figure? (Tax plus interest)

[varunksingh]

I don't understand why we should not engage with HMRC. They put in a second class stamp and send out whatever tulip they want.
We all should be reply that we wish to settle if they can clearly explain how Boyle case applies to ours.
I am sure they cannot come back with an answer.

[retrodeath]

They provide an explanation in the letter as to why they deem Boyle similar

[Dylan]

I don't understand why we should not engage with HMRC. They put in a second class stamp and send out whatever tulip they want.
We all should be reply that we wish to settle if they can clearly explain how Boyle case applies to ours.
I am sure they cannot come back with an answer.

The main reason not to engage unless you plan on settling is you don't want them correctly calculating the APN value, when they get a letter on day 89 post APN stating they've got the sum wrong they'll then need to calculate the correct figures which knowing how bad they are at basic maths may take some time, then get back to you with the correct figure and another 30 days

Note also section 14 - once the amount is agreed they talk about 90 days to pay, leave it until Jan even if you do want to settle.

[Christop]

Trying to work out some things but don't currently understand the interest, so...
If I owed 10,000 in tax year 2010/11 would I only be liable for 3% on that amount in total or would that be 3% per year? i.e. would I owe

300 for 2010/11 300 for 2011/12 300 for 2012/13 300 for 2013/14 = £1,200 or would it just be £300 or is it even worse than that