AML 2019 Loan Charge

[webberg]

Same here.. lets hear from the professionals..

The only chance of having the legislation removed completely is if those with the ability and power do so are convinced that to carry on would be politically embarrassing, damaging to their re-election prospects or bad enough for the economy to leave no alternative.

I leave it to you as to whether you think your MP can be persuaded to vote to remove the rules.

More likely politically perhaps is some form of adjustment where all parties can walk away with a "win".

If you settle, that is it in terms of benefiting from future law changes or a victory in Court.

I can guarantee that unless YOU get involved and pitch your position to the MPs etc, nothing will be done. Do not think that you can hide on this one.

[Dharmin]

1. Get involved in the twitter campaign.
2. Join LCAG (you have the choice to contribute and become a full member, or join as a guest for free).
3. Join Big Group (if you fell your personal circumstances fall into their strategy).
4. Go and physically meet with your MP and make him/her aware of your plight.
5. Don't take no for an answer to point 4, persistence is key and don't accept any template answers.
6. See if your MP will sign the EDM (which currently has 59 signatures).
7. Rally around colleagues / ex-colleagues who maybe caught up in this mess and get them on board.

What I urge nobody to do is to sit back and expect this to just go away and hope that others fighting will resolve it. We need numbers !! There is nothing worse than being in a position further down the line when it is too late, telling yourself 'I wish I'd done more'.
You may just find fighting back quite cathartic and therapeutic.

Thanks.,. I do read/post at #HMRCHumanCost on Twitter , also have emailed my MP Boris Johnson , already joined as a guest at LCAG.

[Dharmin]

Without prying too much into all the secrecy, can I ask if there's any merit in delaying settlement, if there is any chance of this witch hunt being overturned?

My understanding is that once you have settled there is no comeback whatsoever, no matter what then happens.

Same here.. lets hear from the professionals..

[Gusman1859]

expenses and action against AML

hi,

great to see how many replies on this forum and that it is active.

1) Has anyone managed to get any expenses back when they settled with HMRC?

2) excluding the BIG group is anyone looking to get the 18% back from AML?

Surely HMRC would want their taxes on this 18%?

AML have basically stolen money from us.

Thanks

[esemi]

Has anyone managed to get their loan written off by AML once settled with HRMC?

I've been asking AML about this but am getting ignored.

[regron]

Agree... so what you suggest , we should have a mass rally outside HMRC/parliament office , if so then count me in or pay WTT and let them fight on our behalf.

1. Get involved in the twitter campaign.
2. Join LCAG (you have the choice to contribute and become a full member, or join as a guest for free).
3. Join Big Group (if you fell your personal circumstances fall into their strategy).
4. Go and physically meet with your MP and make him/her aware of your plight.
5. Don't take no for an answer to point 4, persistence is key and don't accept any template answers.
6. See if your MP will sign the EDM (which currently has 59 signatures).
7. Rally around colleagues / ex-colleagues who maybe caught up in this mess and get them on board.

What I urge nobody to do is to sit back and expect this to just go away and hope that others fighting will resolve it. We need numbers !! There is nothing worse than being in a position further down the line when it is too late, telling yourself 'I wish I'd done more'.
You may just find fighting back quite cathartic and therapeutic.

[Dharmin]

There is more chance of something happening if more people caught up in this mess join in the fight, rather than watching from the sidelines and leaving it to others.

Agree... so what you suggest , we should have a mass rally outside HMRC/parliament office , if so then count me in or pay WTT and let them fight on our behalf.

[Scotslaw]

ok so i am thinking of facing the music. Thanks for the responses so far.

Can I ask the following:

People received 2 amts

1st from AML and the second from the trust.

Question 1: Are HMRC looking for tax on the trust amount? Has the AML tax been already paid?

Question 2: Has any one looked at if expenses can be claimed? I had a lot of flights during this time and if expenses were claimable then this would help a little.

Question 3: Is anyone looking to sue AML for the 18% they kept?

Thanks

I believe that the AML amount would have been disclosed as the 'salary' and disclosed on your tax return as taxable income. You should validate the returns of the years affected to ascertain that.
If you have disclosed them previously as taxable income, you don't need to include it in your settlement declaration. You would just need to declare the amount loaned through the trust.
If you hadn’t declared the ‘salary’ amount previously, you should declare it now along with the loan amount.

A lot of people have joined the WTT big group, which may be exploring legal options (albeit vs HMRC). I’m not a part, so not sure exactly as to the nature of the actions planned.

[Scotslaw]

There is lots of shouting/banging going on twitter under #HMRCHumanCost , do you think this will create miracle in changing the law.

Let's hope for a miracle, but as regron said, let's all do our best to help that to happen.
Meanwhile, prepare for the worst and have your plan A, plan B and so on drawn out.

[regron]

There is lots of shouting/banging going on twitter under #HMRCHumanCost , do you think this will create miracle in changing the law.

There is more chance of something happening if more people caught up in this mess join in the fight, rather than watching from the sidelines and leaving it to others.