Horizon exit opportunity (Non-Big Group discussion thread)

[FakeHorizon]

Sure. The fourth condition of paragraph 35A, with the information required being set out in paragraph 35B. These will be put into Schedule 11 of what will become FA (No. 2) 2017 (or FA 2018), assuming both become law.

To help you:

as suspected, you have failed to understand the legislation as none of this impacts on you other than some bizarre drive to see people punished for actions taken 20 years ago. Give yourself a pat on the back or a boot up the arse. I suggest the latter.

[FakeHorizon]

I'm offering unicorns at £100 per gross as a result of the decision in the Rangers case. Just send the money by Western Union if you are interested.

there are real people involved in this? What is the impact on yourself? No impact? You're just mouthing off about it as you paid full tax? Oh so sorry, I promise not to do it again.

[FakeHorizon]

Nope. I am not a contractor, I do not advise contractors, I don't work for HMRC and I am not trying to get paid work for posting on here. But people's behaviours to tax avoidance and tax evasion interest me so much that I plan to do a PhD in it.

In terms of the disguised remuneration legislation says, in the real world I believe am one of the leading experts in it. On here, I'm just a random stranger who makes boasts that you can either believe or not believe. That's entirely up to you.

so you're a virgin who logs onto sexual health forums to lecture people about catching STIs even though you have no first-hand knowledge of the act. I'm going to ignore you from now on.

[FakeHorizon]

So,

1) depreciated/written-off EBT loans are "reinstated", by the Trust, to their original GBP amounts

2) bridging finance, provided by another party, is used to pay off the EBT loans

What happens to the bridging loans? What about the money that is supposedly now sat back in the EBT? Will there be any real money transactions involved, or is it just bits of paper?

It all sounds very shaky to me.

what is a bridging loan, by definition? Is it a loan that remains outstanding for years or does it have a finite expiration date? There are an incredible amount of obtuse posts and posters on this thread, all from people with no relevance to the topic.

[WTFH]

what is a bridging loan, by definition? Is it a loan that remains outstanding for years or does it have a finite expiration date? There are an incredible amount of obtuse posts and posters on this thread, all from people with no relevance to the topic.

A bridging loan is a short term loan designed to bridge the gap until the funds are available.

[Iliketax]

as suspected, you have failed to understand the legislation as none of this impacts on you

Thank you.

[cojak]

Horizon exit opportunity (Non-BG discussion thread)

so you're a virgin who logs onto sexual health forums to lecture people about catching STIs even though you have no first-hand knowledge of the act. I'm going to ignore you from now on.

And I would advice you to watch how you post on this forum.

You have insulted two tax advisors who have tried to give you information because it doesn't suit your world view.

The other posters here have either been immediately involved in tax avoidance schemes or have knowledge that they are willing to pass on.


Have it your way, but don't expect anyone knowledgeable to give you useful information in the future.

[eek]

what is a bridging loan, by definition? Is it a loan that remains outstanding for years or does it have a finite expiration date? There are an incredible amount of obtuse posts and posters on this thread, all from people with no relevance to the topic.

Not quite true. The comments are coming from people who are not involved so have a dispassionate view. That means we are reading the information as it is written rather than as you have - where you seem to be interpreting it as you “hope it’s been written”.

I don’t know how to break it to you but if you think iliketax, webberg or myself are anything other than interested people trying to do our best for people foolish or unlucky enough to end up in a loan scheme than you are mistaken. We’ve all read the information to hand and understand enough about it to know the escape plans don’t work.

My only reason for posting here is in the hope that I dissuade someone from trying one of the bridging escape route plans as i truly suspect they won’t work and will allow Hmrc to hit those foolish enough to try such a scheme twice

[eek]

I've done my own research and paid for my own advice, the two mantras of this forum, I'll be fine so I can either clear loans at 5% or pay tax at 20%. Toss a coin? Are there provisions for HMRC to tax me on repaid loans? Not according to my paid-for advice!

I'm not actually involved with the accountancy firm as such, having rejected their initial offering. But if I keep repeating that my choice at the moment is paying a 5% trust fee or paying 20% tax on my main loans, a decision I have still to make, will it ever sink in do you think? Does any of this impact you, out of interest?

Hang on you said you had paid for the advice from a accountancy firm so why haven't you followed it as you were so proud about paying for it... Mods - I belief FakeHorizon is a wind up merchant who is likely to do far more harm than good on this forum could you do the necessary....

[me206et]

So,

1) depreciated/written-off EBT loans are "reinstated", by the Trust, to their original GBP amounts

2) bridging finance, provided by another party, is used to pay off the EBT loans

What happens to the bridging loans? What about the money that is supposedly now sat back in the EBT? Will there be any real money transactions involved, or is it just bits of paper?

It all sounds very shaky to me.

If the loan amount was depreciated then the ebt balance was also depreciated. So if the loan amount is reinstated, somehow, the ebt must also be. otherwise when you pay the loan back your ebt balance is still about zero and the bridging loan will never get paid off.

It seems to be a way of spending another 7.5% with little chance of it changing anything.

Still a can of worms in my sight.

As HRMC are not offering any incentives to settle then it looks like sit and wait is the only option. All my years have been closed for years. It's been over 10 years since I had contact from anyone.

Good luck to those who try this.