HMRC Scheme Enquiries: Network One

[webberg]

I think it used to be the case that a fine could not exceed tax owed so no tax owed = no fine, whereas now there is a fine for not submitting a tax return on time, if one is obliged to. Happy to be corrected if wrong.

You are correct.

You can attract a (usually fixed rate) penalty for not doing something at all or on time. (A late return is £100 to begin with and goes up from there if the omission continues).

You can attract a tax based penalty where there is a problem with the amount of tax or how it's reported or similar.

[Kezcollins]

Response

Hi folks

I stumbled on this forum when I was looking on the internet in a state of panic

I hope this is the correct place for this.

I have also received an income tax assessment for 2011 - 2012. I was contracting under a company called Network One.

I was wondering if anyone else here used Network One and if they had received any information from them? I have been trying for two days and can't get a response to any e-mails or telephone calls.

I have two weeks to respond to HMRC and have no idea what to do.

Thanks.

I got a reply - [email protected]

They said they couldn’t send me my P60

I asked for a phone number. No reply

[Fred Bloggs]

I got a reply - [email protected]

They said they couldn’t send me my P60

I asked for a phone number. No reply

Oh, I'm sure that if you sent the nice people a few thousand quid, they'd rustle one up for you.............

[BrilloPad]

1 current director who is South African. UK address which is probably a post box.

There is a UK address for the company - however it is probably old.

If I was a former member and could be bothered, I think I would go round to the UK addresses. More likely I would join BG.

[WTFH]

1 current director who is South African. UK address which is probably a post box.

There is a UK address for the company - however it is probably old.

If I was a former member and could be bothered, I think I would go round to the UK addresses. More likely I would join BG.

One of the resigned directors still holds all the shares. Strange setup.
Also, of the 3 domains they have registered, only 1 is still active and has been converted to a private individual's domain (rather than limited company). The address for that domain is different to the registered address for the company, but may be where the current director lives. The shareholder appears to live in Devon (but is also a South African)

[WTFH]

https://companycheck.co.uk/company/0...NE-LTD/contact

Jen King works for a different company now, but the 0800 number is the only one I can find

[Kezcollins]

Hello All,

I am new to this forum and have have come home today to the dreaded brown envelope. I will provide some background on my situation and would appreciate any help or advice.

I had contracted between 2007-2013 to one client company using Network One and from year to year had been moved on to 'other' companies to facilitate my payroll (by Net One) lastly with Quantum.

Foolishly I thought all was above board and legal. Prior to 2007 I had not contracted and since leaving the client company stopped contracting.

Today I have opened a letter from HMRC stating I have been part of a tax avoidance scheme and owe unpaid tax for year 2011-2012. The letter states this is their assessment. To say I am nervous is an understatement and I am completely shocked.

I am unsure what my next steps should be and would appreciate some guidance and advice.

A couple of questions I have:

1. Can HMRC look back beyond 2011-2012? If so, how far back? I just need to understand the true cost of this. On the FAQ they say they can look at 'other' years but some years may be out of date.

2. Is it worth me appealing?

Many Thanks in advance.

NG

I’m in exactly the same position! My appeals were rejected. I’ve had to hire an accountant

[eek]

I’m in exactly the same position! My appeals were rejected. I’ve had to hire an accountant

An accountant? You need a tax advisor and a specialist one at that. Give webberg a call at big group / WPP

[cojak]

Be aware that HMRC have said that they are prepared to go back to 1999, but certainly any loan entered into after 2010 is very much in their sights.

http://www.contractoruk.com/news/001...ebt_users.html

But the 1999 - 2010 will probably be caught by the April 2019 legislation:

From April 2019, disguised remuneration loans dating between April 1999 and December 2010 will become taxable. HMRC will be looking to recover “all tax due”, which will include interest and penalties for late payment.

[BrilloPad]

Be aware that HMRC have said that they are prepared to go back to 1999.

MPs told of bankruptcy risk for EBT users :: Contractor UK

Where they can find them. A lot of promoters said it did not need to be on tax return and have since gone bust.

Prior to 2008 there were very few loan schemes.