BIG GROUP

[Newbee0418]

Best way forward for Ltd Company no longer in so called "scheme"

Can anyone advise best way forward now I am Ltd Company, no longer involved in any so called "scheme"? I have heard that PSC+ is the safest option....?

Thanks

Newbee

[webberg]

Hello, Can you guide me as to how to pay the taxes ? I was with AML for 4 years .. Shall I go with the Loan charge action group or PTS? I have no idea which one is better or whether there are other options..

I'm not sure I can.

Your options are:

Settle - you can start that yourself or you can pay an adviser to help you. Graham at WTT or Phil at DSW via google will help.

Litigate - AML are/were running this and I'm not sure where they are presently. Expensive and takes a long time.

Resolution - this is what Big Group does. Time line is perhaps 18 months from now.

To the best of my knowledge LCAG are not advisers. They are a group dedicated to activity around the loan charge.

PTS seem to staffed with people who were at AML. I suggest that you search the AML threads for more information including how people's experience of them is noted.

I think you need to do a couple of hours research.

[vips]

Hello, Can you guide me as to how to pay the taxes ? I was with AML for 4 years .. Shall I go with the Loan charge action group or PTS? I have no idea which one is better or whether there are other options..

[cojak]

With that in mind, I will move any of those type of posts into the non-BG thread. Use the Report button to alert me to those posts I miss.

[webberg]

Some of the posts above are not appropriate to this thread, but as they are here, I'll respond.

HMRC claims that they know all the names and addresses of those who have used contractor loan schemes in their various forms. This is patently untrue.

(Just last week we were asked by HMRC to tell them how many of our clients have not had enquiry notices. We declined.)

However, if you have registered for settlement then you need to establish a means of communication and if you prefer email, then you MUST complete the protocol. If you do not, then snail mail will be used to slow and already slow service.

If you have registered for settlement and HMRC has incorrect or inaccurate information, then how do you expect to receive a settlement you can rely on?

A settlement reached on misleading information can be overturned later - with prejudice.

As for saying, "if HMRC don't know anything, why should I tell them", come no later than the end of September 2019, their is a LEGAL OBLIGATION ON YOU to report loans or other forms of credit that are subject to the loan charge.

To be clear. This is not a question of HMRC finding out or being told by somebody else. This is YOU telling HMRC.

To avoid this obligation you need to have a suitable analysis as to why you have not declared and be prepared to back that up and accept the consequences if that analysis is incorrect.

I can assure you all that "HMRC doesn't know and may never find out" is not a suitable analysis.

They may never find out, who knows, but we will not be advising any of our members to rely on that.

[Dharmin]

Volunteering any information to HMRC on the assumption you are being 'helpful' only ensures further information requests (See notes from Keith Gordon) - You will be stuck on the spreadsheet of a mindless goon who loves following orders. The only reasonable action left that I can see is to fight fire with fire - Unite with others, boycott the system, cause as much strife, nuisance and malfeasance to them as they are doing to us.

These are my options :
1. To Fight , I am active on Twitter, Guest member at LCAG
2. Settlement
3. Plan Bankruptcy ( dono how.. )

You cannot only have 1 option that is Fight with HMRC.

[webberg]

Good morning all.

This thread is about Big Group.

Big Group has not, does not and will not advocate or suggest that;

"boycott the system, cause as much strife, nuisance and malfeasance to them as they are doing to us."

Is a sensible or valid approach.

I understand the frustration and anger and upset that the HMRC campaign is causing and we are working in a number of ways to mitigate and reduce the impact of that.

We do not however - under any circumstances - recommend that members of Big Group deliberately flout or ignore their legal obligations.

Again, I understand that if you feel HMRC is not playing by the rules, then why should you?

In 98% of instances, HMRC does act within its remit as written by Parliament.

In 1% of cases, they do not because of incompetence. These we challenge.

In 1% of cases, there is perhaps an element of of deliberate misuse of law and process by HMRC for a variety of reasons. These we challenge.

If civil disobedience is your preferred means of resistance, then, with respect, Big Group is not for you and I suggest that you use a separate thread for this.

[Iter]

BIG GROUP

Have had similar response as well, worded pretty much the same although wasn’t asked to call them! . Not replied yet

[QCApproved]

Full retro in effect - the new certainity is uncertainity.
It would have been useful for the scheme promoters and their allied tax experts including those firms preapring tax returns to inform their clients of these BN66/Huitson judgements and the restrospectivity contained therein.
HMRC could have stuck a synopsis in the mail as well

[piebaps]

Thing is, and a bit of pure instictive positivism here:
I don't think any form of retrospective legislation would ever pass in this country. Not for a second!

Errrm https://en.wikipedia.org/wiki/BN66 and that's just the wiki page! Loads more on here.