AML 2019 Loan Charge

[THISISWRONG]

The more I read, the more I believe AML and accountants who promoted these schemes should be locked up.

They have sold planning that had zero chance of success and because HMRC have changed the law afterwards - do you have any leg to stand on in terms of taking legal action against them?

They have basically stolen money from me, and now HMRC is taking everything I have left.

Its like you have been robbed by a professional tradesman you paid to do a job, you then call the police and when the police turn up 20 years later, they are taking whatever the thieves didn't steal.

Is there any hope??? I feel totally lost and even considering leaving the country.
Could you move to Dubai or any other country to avoid this?

[Mrcurrey]

Having spend some time reading though all of the thread I have a few observations and my own opinion .

What stands out is many people are capitulating.

This is simply extortion. Forcing someone to pay X amount and if you don't then a threat of consequences

If everyone stood firm and didn't cave in then there is no way the hmrc system could cope nor follow up demands. They don't have the resources.

I get the fact that some people are beyond worry.

But worry is a debilitating disease. It permeates every aspect of daily life. Media and society are hell bent on manifesting on people's worries take for example life insurance, home insurance , pet insurance . Did I leave the gas job on, what happens if I can't pay, what if my job tommorow isn't there anymore. The list goes on.

so in my opinion I will Do things that can make a difference and contact every mp I can, share the petition and make more people aware of this and its impact.

But I'm not going to start contacting the hmrc and looking for ways to settle. Makes their job a lot easier, like candy from a baby,

Il deal with it as of when if ever I get a demand for payment through the door after April 2019. And a lot can change between now then. they can have the details
Of the promoter the employer the accountant and whichever other professional gave advise that this would be a beneficial no risk scheme. thankfully my life is kept simple I don't own expensive cars, homes or stacks of money. Clothes on my back, dog and my wife all I need. Thanks .

[ric_77]

Im findng it really quite stressful in dealing with AML following their sudden silence (we all know why) when trying to get any form of historical loans data from them. Been messed about so much by them and now PTS who i made it clear i would not be 'engaging' with but simply needed the info. Literally had enough of them and its just causing too much worry.

So i ended up finding some of it by going through an email archive from around the period when i joined them, i asked if they offered any PAYE service but was always steered into their scheme and assured it was 100% safe and within the guidelines of HMRC. Admittidly some of it was prior to the retrospective law change, but for them to still be offering such schemes to unsuspecting clients and HMRC quite happy to let them conduct business in this way is incredible. Proof thats its the minnows who they are after for easy pickings.

[Loan Ranger]

It seems that none of the schemes are approved yet able to trade this way... Leaving the contractor with a mountain of debt. Can no-one in HMRC see that? Why go for hundreds of thousands contractors when you can go for the illegitimate companies?

Because, as far as HMRC are concerned, it was the contractors who avoided tax on their income.

But it's true that HMRC have been very lax at stopping companies peddling these schemes.

[CockneyRed]

It seems that none of the schemes are approved yet able to trade this way... Leaving the contractor with a mountain of debt. Can no-one in HMRC see that? Why go for hundreds of thousands contractors when you can go for the illegitimate companies?

[Loan Ranger]

AML always quoted they were compliant with HRMC, they told me when I signed up for the LTD company option that this is what HMRC have advised to do to stay within their compliance.

In which case, they were spouting a load of rubbish. HMRC would never approve a scheme like this or say it was compliant.

[CockneyRed]

Sorry, I don't understand. What does that mean?

AML always quoted they were compliant with HRMC, they told me when I signed up for the LTD company option that this is what HMRC have advised to do to stay within their compliance.

[Loan Ranger]

The method that Pipjb mentions is what many AML contractors were directed to use, I too was paid that way. This was, of course, on regulation from HMRC !!! An invoice was raised by AML to our LTD company which was then paid from the business account, AML then paid us direct into our bank accounts after deductions etc. The comment 'That's exactly what the disguised remuneration rules were designed to stop'
Then how were AML able to proceed with this way?

Here's my theory as to why AML did it this way.

1) The Dec 2010 DR rules only covered employees, not self-employed sole traders. That's why AML inserted the self-employed bit.

2) A lot of agencies wouldn't deal with offshore companies, so that's why they inserted your own company. They were trying to make it appear to the agency as though you were a bog standard Ltd Co contractor.

From what Iliketax says, inserting that Ltd Co may have had unintended consequences.

[Iliketax]

This was, of course, on regulation from HMRC !!!

Sorry, I don't understand. What does that mean?

[CockneyRed]

The method that Pipjb mentions is what many AML contractors were directed to use, I too was paid that way. This was, of course, on regulation from HMRC !!! An invoice was raised by AML to our LTD company which was then paid from the business account, AML then paid us direct into our bank accounts after deductions etc. The comment 'That's exactly what the disguised remuneration rules were designed to stop'
Then how were AML able to proceed with this way?