AML 2019 Loan Charge

[lizzardk]

I agree looking back at my various liasons with AML it’s a bloody mess.

From my understanding it doesn’t matter which scheme you were with AML (either EBT, PCC or Split Contracts) all
Involved loans and subject to tax in the same way.

Ive decided to settle as well as it’s the only logical way out of this saga!

How are you settling? Are you going direct to HMRC with the loan amounts? I've also ended up in this hell hole and not sure what to do! Thanks

[jrock]

How are you settling? Are you going direct to HMRC with the loan amounts? I've also ended up in this hell hole and not sure what to do! Thanks

I believe you can go direct with HMRC if you have all the information.

Personally I’m planning to settle with the help of an advisor. I’m not sure I can mentally deal with HMRC / AML any longer this saga is making me ill.

Any closure must mean final and in writing before any settlement + you want AML to write these loans off after any settlement. Don’t want them coming back in future making more mess!

[bapudeb]

I've personally contacted WTT and Phil @dswtres and felt much better after doing so.

I am trying to contact WTT, but no luck yet. Can you kindly advise on how to reach them? I called the number on their website, and i am been told that someone will get back to me.
Please advise.

[webberg]

I am trying to contact WTT, but no luck yet. Can you kindly advise on how to reach them? I called the number on their website, and i am been told that someone will get back to me.
Please advise.

If one of my colleagues has said that they will contact you, they will.

If there is a desperate urgency, let me know.

[bapudeb]

If one of my colleagues has said that they will contact you, they will.

If there is a desperate urgency, let me know.

Thanks webberg. I want my process started for settlement and loan written off, but i will wait for for their call back.
Many thanks...

[webberg]

Thanks webberg. I want my process started for settlement and loan written off, but i will wait for for their call back.
Many thanks...

You have until the end of May to register an interest in the settlement and you don't need WTT or any other adviser to do that.

Send an email, or better yet a recorded delivery letter to HMRC.

That gets you on the start line.

The loan write off is a matter for the lender. Some are helpful, some less so.

[bapudeb]

You have until the end of May to register an interest in the settlement and you don't need WTT or any other adviser to do that.

Send an email, or better yet a recorded delivery letter to HMRC.

That gets you on the start line.

The loan write off is a matter for the lender. Some are helpful, some less so.

Thanks Again webberg, I received call back from WTT. Have spoken to them in detail.

[bapudeb]

Hi,
I've been browsing the comments on this and having also received the emails this morning, I'm feeling pretty anxious to say the least. Foolishly I clicked on the link to request info from PST which I'm now regretting.
I have contacted AML to get a copy of the loan amounts but I suspect that I wont hear back from them. I could potentially go back through bank statements to get all of the loan values, but then what do I do with them? Do I contact HMRC directly? or is it better to go through an independent tax adviser? If I register for CLSO, do I do that directly through HMRC?
Any advise will be hugely appreciated. Like many of you, I have a mortgage, a husband and 2 young children that will be affected by this.
thanks

I would suggest take help of an independent tax adviser unless you are very confident about your numbers and the process to take it directly with HMRC. I have decided to go by tax adviser, finish this mess and move on.

[MayMadness]

Hello,

I am sorry to ask this, but desperate for advice regarding these issues. I am new and been reading and re-reading this thread several times and researched the issues to some extent but the more I read, the more uncertain I become. I have contacted some independent advisors but they would like me to pay before telling me info. I just can't afford that at the moment and not sure who to trust. I am wondering if someone from the forum would be willing to help clarify a few things, via private messaging, regarding this? (I need to get pm rights first though). I am not one for sharing too much on a forum and do not want to add to an already very long discussion. I am afraid that I might cause more confusion.

Thank you

[superbean]

I would suggest take help of an independent tax adviser unless you are very confident about your numbers and the process to take it directly with HMRC. I have decided to go by tax adviser, finish this mess and move on.

Likewise, I have now engaged a specialist tax advisor to seek some finality to all this mess.

I also heard back from AML last week who have provided me with the details of loans for each year I contracted through them, which I have now passed on to the specialist so they can discuss and negotiate (hah!) with HMRC.

What a bloody mess. Am just so angry about the back-handed manner in which HMRC have gone about this.
Hate to think about the thousands of others who have no idea about LC2019 and will get the shock of their lives come next April.

Absolute b*stards. HMRC, that is. And the damn MPs who just signed the whole thing off...

Will be leaving the country soon thereafter methinks. Time for a fresh start.