In the past week, users of the scheme, targeted by the retrospective legislation BN66/section 58, have started receiving letters from HMRC withdrawing their APNs.
HMRC have now concluded that the scheme was not a notifiable arrangement under DOTAS and therefore none of the users should ever have received APNs.
Since March 2015, they have issued approximately 2,000 APNs to Montpelier users.
Some people have had to sell their homes, re-mortgage, cash in pensions etc to pay them. People have been hit with penalties, hounded by HMRC debt collectors, and even had officials turn up on their doorstep.
In their letter, HMRC say they are “sorry for the inconvenience caused”.
HMRC have now concluded that the scheme was not a notifiable arrangement under DOTAS and therefore none of the users should ever have received APNs.
Since March 2015, they have issued approximately 2,000 APNs to Montpelier users.
Some people have had to sell their homes, re-mortgage, cash in pensions etc to pay them. People have been hit with penalties, hounded by HMRC debt collectors, and even had officials turn up on their doorstep.
In their letter, HMRC say they are “sorry for the inconvenience caused”.
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