Originally posted by kentishlad
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AML 2019 Loan Charge
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Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither). -
Originally posted by kentishlad View PostAll I want is the right info (at no cost!!!) to enable me to clear things with HMRC before 31 May. Otherwise I guess Im going to just have to wait for the loan charge to land
If you want good advice on what you should do, or help in trying to get the problem properly resolved, I'd suggest using some of the tax advisors on this thread (such as Phil)…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostIf you want the right info, look at your personal bank statements.
If you want good advice on what you should do, or help in trying to get the problem properly resolved, I'd suggest using some of the tax advisors on this thread (such as Phil)
I know the exact amount from bank statements and if an approximate figure is given as to what is paid as part of such agreement I can supply that...Comment
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Originally posted by webberg View PostComment
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Originally posted by THISISWRONG View PostHi all
I had a meeting with my MP last week, who had no ideq about this. I presented what information i could, mostly info on AML and Knox and how they are gettig away with murder and the government havent helped by stitching up the individuals who are an easy target.
I would like to provide his some hard evidence of the hardship this is causing. I have read comments on here about people contemplating suicide and heart attacks - sadly i feqr if may take a death to get MPs to listen.
Does anybody have any evidence, a report, anything usefulni can send him to give him a solid background?
Is anybody holding out hope that HMRC may get a legal challenge to stop april 2019 charge?
thanks!Comment
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Originally posted by THISISWRONG View PostCan anybody help with this?
thanks!
I still thought it was against the constitution? to introduce any kind of retrospective law..
If the government were allowed to do this, would that also allow the collection of speeding tickets for those caught on camera doing 40 miles an hour and then retrospectively changing the speed limit to 30 and fining everyone for doing nothing wrong at the time! lolComment
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Originally posted by kentishlad View PostI know the exact amount from bank statements and if an approximate figure is given as to what is paid as part of such agreement I can supply that...
Basically, they need to recalculate your tax return for every financial year that you received a payment from these guys.…Maybe we ain’t that young anymoreComment
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Registering interest to settle
Hi All
does anyone have a link to where to register their interest to settle on HMRC website? I don't trust the IOM companies to do this on my behalf.
Do you know if you have to register each year you had a loan or just in general? Has anyone else registered their intent to settle directly with HMRC and can you advise the best way to do this?
Thank you so much!Comment
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AML loan
Hi all
Newbie here, thank you for all the posts in this thread. I believe I have read every one avidly over the last week. I have two loans from AML.
2015/16 - 33,000
2016/17 - 51,200
The money trail was : Agency --> LTD company (I am director) --> AML --> My personal bank account
I have not received any letters from HMRC yet but i am considering settlement to get over it and leave this behind. I have some money in the LTD company account and thinking of taking director's loan to settle with HMRC.
I have a question, can i contribute towards Pension (for year 15/16 & 16/17) when settling with HMRC or pension option is only for LC19? My view is if i am using pension for settlement then i am infact using the money for my future compared to paying tax(effectively throwing away the money).
Any advice will be welcomeComment
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Originally posted by Where did it all go wrong View PostHi All
does anyone have a link to where to register their interest to settle on HMRC website? I don't trust the IOM companies to do this on my behalf.
Do you know if you have to register each year you had a loan or just in general? Has anyone else registered their intent to settle directly with HMRC and can you advise the best way to do this?
Thank you so much!
Register your interest
If you’re already speaking to someone in HMRC about your use of a disguised remuneration scheme, or if you have a customer relationship manager, you should register your interest with them.
If you’re not already speaking to someone at HMRC, register your interest by emailing:
[email protected] for contractor loan schemes
[email protected] for all other disguised remuneration schemes
Information you must send to HMRC
So that we can settle your tax affairs before the loan charge arises on 5 April 2019, you or your agent must send us all of the required information by 30 September 2018. If possible, you should also send us your tax calculation for each year.
If you’re a contractor, or employee settling separately to your employer, you must tell us:
your unique taxpayer reference (UTR)
your National Insurance number
the amount of contractor loans or contributions made in each tax year
whether you want to claim a benefit in kind offset - if so, how much and for which years
the name of your employer
If you’re an employer, you must tell us:
your company name and company reference number
your PAYE reference number
the amounts and dates of funds paid into the scheme
details of any Corporation Tax relief you claimed on the contributions to the scheme
whether you want to claim a benefit in kind offset - if so, the relevant employees’ details, how much and for which years
For contractors, employees and employers, if known you must also tell us:
the date any trust, sub-trust or other entity was created
the amount of the contribution paid into it
assets held in that trust, other than cash or the loan agreements
You must tell us the correct amounts paid through disguised remuneration schemes. If we later find you’ve given us incorrect information, we can reopen your case and take other actions, like charging penalties.
Pay what you oweComment
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