anyone else received an email from PTS-TAX today?
Anyone else get this email from PTS tax today?
Thank you for expressing your interest in the Settlement Opportunity. Before you make the decision to register your interest for settling with HMRC, there are a number of options that you need to consider:-
Settlement Option
As you will be aware the Settlement Opportunity is based on calculating the tax liability for each year on the loans received in that year. This will generally give the benefit of lower tax rates and the personal allowance. Registering for the Settlement Opportunity does not commit you to actually settling, but does inform HMRC that you potentially have loans that are caught by the Loan Charge. This option also finalises your tax liability for the years covered by the settlement and no Loan Charge is due.
Loan Charge Option
This is generally the more expensive option. Income tax will be charged in one year on the total loan account balance and will generally result in higher tax rates applying and personal allowances generally being restricted. In addition the Loan Charge does not settle the tax liabilities for the years in which you received loans.
Vanquish Options
Vanquish can provide you with further options to move forward. I have asked them to contact you to arrange a call with one of their consultants. If you would like to contact them please contact them on 0203 740 3876 or by email at [email protected]
In order to register you with HMRC for the Contractor Loan Settlement Opportunity, please provide me with the following information before 28/05/2018:
• Your full name as it appears on your passport / birth certificate
• Your date of birth
• Home address
• Home telephone number
• Mobile number
• National Insurance Number
• UTR (unique tax reference issued by HMRC)
The above details are for our database and to pass information on to HMRC, we do not release any details to any other companies and no fee is charged to register.
I have attached a letter of authorisation which will allow us to contact any planning provider you may have used and obtain your loan information. This will allow you to make an informed decision.
If I can assist with anything else please do not hesitate to contact me.
Anyone else get this email from PTS tax today?
Thank you for expressing your interest in the Settlement Opportunity. Before you make the decision to register your interest for settling with HMRC, there are a number of options that you need to consider:-
Settlement Option
As you will be aware the Settlement Opportunity is based on calculating the tax liability for each year on the loans received in that year. This will generally give the benefit of lower tax rates and the personal allowance. Registering for the Settlement Opportunity does not commit you to actually settling, but does inform HMRC that you potentially have loans that are caught by the Loan Charge. This option also finalises your tax liability for the years covered by the settlement and no Loan Charge is due.
Loan Charge Option
This is generally the more expensive option. Income tax will be charged in one year on the total loan account balance and will generally result in higher tax rates applying and personal allowances generally being restricted. In addition the Loan Charge does not settle the tax liabilities for the years in which you received loans.
Vanquish Options
Vanquish can provide you with further options to move forward. I have asked them to contact you to arrange a call with one of their consultants. If you would like to contact them please contact them on 0203 740 3876 or by email at [email protected]
In order to register you with HMRC for the Contractor Loan Settlement Opportunity, please provide me with the following information before 28/05/2018:
• Your full name as it appears on your passport / birth certificate
• Your date of birth
• Home address
• Home telephone number
• Mobile number
• National Insurance Number
• UTR (unique tax reference issued by HMRC)
The above details are for our database and to pass information on to HMRC, we do not release any details to any other companies and no fee is charged to register.
I have attached a letter of authorisation which will allow us to contact any planning provider you may have used and obtain your loan information. This will allow you to make an informed decision.
If I can assist with anything else please do not hesitate to contact me.
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