Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)

[srowell8]

So i have 1 question today, if i got "paid" via a loan from a 3rd party - who's got my money and why can get get it back (with interest of course) ?

[mightyspur]

So I’ve just had a reply from Procorre Legal with regards to the most recent Reg 80 letter. They have drafted an appeal letter - much of which i cant make head or tail of. Bit confused now, do i send this letter or still go with WTT (they are appealing the figures and the tax owed) - confused asf

If you have engaged with WTT and are paying for their services, just forward the letter on to them and let them deal with it on your behalf. Replies directly to HMRC via you written by Procorre are likely to just muddy the waters.

[mightyspur]

I have received the Procorre loan charge letter from HmRC , been in touch with accountant who was dealing mine and ltd company tax. They only advised to email the letter to Procorre legal team. Reading this blog I am really stressed to see what Procorre would do (if any). Any one had luck dealing with HMRC on this issue.

Procorre will probably acknowledge the letter and promise to draft a reply ahead of the deadline. That reply will most likely be after the deadline. I suggest engaging with a Tax specialist/advisor to put your mind at rest, as Procorre will offer zero reassurance and seem fairly inept, most likely due to the volume of these enquires they are now dealing with.

WTT Group seem to be the go to company and are dealing with quite a few individuals mixed up with Procorre (and make reference to it on their website), but I am sure there are others available. Have a discussion with whomever you choose (first consultation is usually a free chat), but your options are basically, fight HMRC on the premise and take Procorre's word that the arrangement was legitimate, or find out what your settlement would be and pay it

[GregRickshaw]

Is this a thing? From what I've read the definite date is when the brownie was posted. If they could backdate assessments there would effectively be no deadline in perpetuity.

Sadly it is very much a thing. I'm not involved in this but I am involved in the MSC case going on and some of the contractors who used Boox and CK received their letters almost a year after the issued date. It's the issued date which is key here and yes it's outrageous they can post things months later but simply put an issue date on the letter.

There could be some legal recourse though if HMRC had deliberately done this again though impossible to prove.

If you are involved and not yet received then I don't think you can truly relax for 12 months, and even then as I have posted previously who knows what rules and retrospective tax by-law HMRC will come up with due to a case they win.

Settlement is the only 100% true way out of the mess. Get help get professionals and get the figures checked and checked again.

[scamvictim]

I have received the Procorre loan charge letter from HmRC , been in touch with accountant who was dealing mine and ltd company tax. They only advised to email the letter to Procorre legal team. Reading this blog I am really stressed to see what Procorre would do (if any). Any one had luck dealing with HMRC on this issue.

[peasant2023]

Is this a thing? From what I've read the definite date is when the brownie was posted. If they could backdate assessments there would effectively be no deadline in perpetuity.

Graham Webber posted about this on LinkedIn 6 days ago

They just have to claim to have "raised" an assessment before the deadline

[automaton99]

Many more will be received in the weeks to come, backdated to 04 April.

Is this a thing? From what I've read the definite date is when the brownie was posted. If they could backdate assessments there would effectively be no deadline in perpetuity.

[srowell8]

Judging by some recent events, HMRC have come into possession of info relating to anyone who ever used a Procorre scheme, including business expense cards.

Why the pre-paid cards and kickbacks the corrupt Accountants and solicitors received have not shown up is a mystery if it was the result of a whistle-blower or seizure - unless of course, Procorre made the disclosure themselves.

That would help to explain the flurry of Discovery assessments sent out before the window closed on 06 April.

Many more will be received in the weeks to come, backdated to 04 April. Once an enquiry is open, HMRC have protected their position and can chase contractors forever.

How long HMRC have sat on that info, nobody knows and it will probably take FOI and legal process to find out, because it could look dangerously like the Post Office Scandal, for obvious reasons.

Why would Procorre do this? If you're on the hook, they're off it. They need to throw you under the bus and they happily will. And they need to save the corrupt Accountants and Solicitors to protect themselves.

So it should be clear - it's not in Procorre's interest to help you - if that was even possible (they have to answer to UKGov/HMRC - not vice versa).

HMRC have been outmanuvered. They need to keep the Serious Fraud Office out of this as long as they can to get the tax at PAYE rates, rather than dividend rates.

The Umbrellas, Accountants and Solicitors will almost certainly get away with it. The scams will continue until an Accountant gets prison - that's the only way to stop it.
Everything hinges on the Accountant, Procorre cannot operate without them.

Whatever Procorre Legal gave you, is just them buying time - last desperate act of a scammer.

WTT is the only way you'll bring this to some kind of final settlement.

Is the letter generic, ie the technicalities of the loan charge, or specific to your appeal and an analysis of what you have paid and what they paid etc against the HMRC numbers ?

[Fred Bloggs]

So I’ve just had a reply from Procorre Legal with regards to the most recent Reg 80 letter. They have drafted an appeal letter - much of which i cant make head or tail of. Bit confused now, do i send this letter or still go with WTT (they are appealing the figures and the tax owed) - confused asf

Ask WTT what to do?

[ProcorreVictim]

So I’ve just had a reply from Procorre Legal with regards to the most recent Reg 80 letter. They have drafted an appeal letter - much of which i cant make head or tail of. Bit confused now, do i send this letter or still go with WTT (they are appealing the figures and the tax owed) - confused asf