Settlement or other options - Darwinpay

[StrengthInNumbers]

I remember Saleos reaching out to dandy and MJP to work together and join forces. Don't think it happened though.
I am still in touch with my MP but may contractors are just not interested in doing any thing.

Together if could stand HMRC will not have a chance in hell. Problem is trusting each other and taking time out to work on it together.

[centurian]

Now the question - with EBT people have actually earned money - this is baseless and cannot be proven. Would HMRC say if anyone takes a loan and pays off tax on it to HMRC, then the loan becomes his earnings ( i.e., he does not have to repay to the lender).

So if HMRC win - and "prove" the loan was really earnings, does that automatically cancel the loan ??

No-one really knows - the scenario has never been tested AFAIK.

Pure gut feeling, probably not - the loan could still be called in. They could argue your tax bill from HMRC was on your gross earnings, which you promptly gifted away instantly - and then just happened to take out a loan for a very similar amount, which is what they want to call in.

I'd say it's highly unlikely - and there are probably other tricks to legally avoid paying it, but I don't think there is anything automatic in law which would cancel the loan in the event of losing to HMRC.