Originally posted by mcfly49490
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HMRC Notice of Assessment APSE Consulting Ltd
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Originally posted by DealorNoDeal View PostMany (most?) people are only settling to avoid the LC. If the LC was dropped, or substantially watered down, many may reconsider their decision to settle.
So, they are related in a "cause and effect" sense.Comment
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Originally posted by mcfly49490 View PostBut that's not a good reason for HMRC to put these on hold (or suggest to do so as an option). If this was the case, HMRC wouldn't chance this as less people would decide to settle.
If HMRC didn't offer this, then there is a risk that Fred could come back later and claim he settled under false pretences.
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As an aside, if the LC was dropped, where does that leave everyone who has already reached a full & final settlement? Most of these people would never have settled if it had not been for the threat of the LC.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by DealorNoDeal View PostAs an aside, if the LC was dropped, where does that leave everyone who has already reached a full & final settlement? Most of these people would never have settled if it had not been for the threat of the LC.
Silly me - they would never do that.Comment
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I settled back in May, with the LC factor and pressure I decided to settle this one. Maybe in 20 yrs time I’ll be able to claim back....[emoji848]Comment
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Originally posted by Iliketax View Post
I'm very interested in this 33m owed though if someone could go into more detail I would be grateful to hear.
The current scheme works by splitting the contract value into 2 payments. One payment is taxed at the source and the other is advanced as a "loan" from an Employer Incentivization agreeement, (EIA) trust. HMRC's interest rate on beneficial loans is 2.5%.
For every 10k you are advanced you are expected to pay £250, The Umbrella company, i.e. "COLIN"; will pay this as "Benefit in kind". Benefit in kind tax is 20%.
20% of £250 = £50. This can be deferred or declared. As fudiciary law states, A trust must act within the best interest of a beneficiary and therefore must not put you in a financial state of loss. This agreement is active for 120 years so by then you will be long dead and monies owed written off, or so they say.Comment
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Originally posted by Justice123 View PostCQ. He's currently trying to get a company off the ground called PAYESERV LTD based in Liverpool. This can be deferred or declared.
I'm going to be bold and say that I think it very unlikely that HMRC will agree with that position and are going to be asking questions.
As with all these schemes, go and get INDEPENDENT advice.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by webberg View PostAs with all these schemes, avoid like the fecking plague.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by Justice123 View PostI work on behallf of HMRC.
Anyone who has scammed by Colin Quirk please PM me.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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