Trust help line email help!

[Whatamess]

Sorry, that was a rhetorical question - I wasn’t wanting anyone to reply.

So the new kids on the block are DOR then?

Till 15th March, and then they disappear without trace too. Along with any money anyone has paid them presumably.

[neveragain]

Sorry, that was a rhetorical question - I wasn’t wanting anyone to reply.

So the new kids on the block are DOR then?

Apologies.

newish, https://opencorporates.com/companies/im/016055V

[Bemi]

Latest from DOR and my reply

Dear Sir/Madam,

You've received this message because you previously asked us to send you draft deeds for your signature, and we've not had anything back from you. If you want the trustees to write off your loans before 5th April 2019, we need to have both your payment and your signed deeds by 5pm on Friday 15th March 2019, otherwise the Trustees will not have time to complete them in time for you.

Yours faithfully
DOR Resolutions Limited
Deeds Management Team

Hi DOR,

That's fine. I don't need need the trustees to write off my loans before 5th April, in fact that would be against my best interests as the write off will not reduce my loan charge settlement but may have negative tax consequences if done before that settlement.

I will therefore send payment and the documents in April after I have confirmed by settlement with HMRC.

Many thanks,
Bemi.

[jbryce]

Apologies.

newish, https://opencorporates.com/companies/im/016055V

Oh what a surprise, the same registered address as the Contractor HeldDesk. The guys from six years ago who employed Cobham Murphy, told us there was nothing to worry about and then disappeared. And guess who the agents are.....Baker Tilly. Back in the Contractor HeldDesk days there was no mention of write offs at 'beneficial rates'.

Company Number
008826V
Status
Live
Incorporation Date
2 October 2012 (over 6 years ago)
Company Type
Limited by shares
Jurisdiction
Isle of Man
Registered Address
2ND FLOOR, EXCHANGE HOUSE, 54-58 ATHOL STREET
DOUGLAS
IM1 1JD
Isle of Man
Previous Names
CH SERVICES LIMITED
PARAMORE LIMITED
Agent Name
BAKER TILLY ISLE OF MAN FIDUCIARIES LIMITED
Agent Address
P O Box 95, 2A Lord Street, Douglas, IM99 1HP, Isle of Man
Directors / Officers
BAKER TILLY ISLE OF MAN FIDUCIARIES LIMITED, agent

[Doggysoft]

Potentially silly question then:

IQ, Winchester, Darwin etc...are they all many heads of the same serpent?

[hudson]

Oh what a surprise, the same registered address as the Contractor HeldDesk. The guys from six years ago who employed Cobham Murphy, told us there was nothing to worry about and then disappeared. And guess who the agents are.....Baker Tilly. Back in the Contractor HeldDesk days there was no mention of write offs at 'beneficial rates'.

Company Number
008826V
Status
Live
Incorporation Date
2 October 2012 (over 6 years ago)
Company Type
Limited by shares
Jurisdiction
Isle of Man
Registered Address
2ND FLOOR, EXCHANGE HOUSE, 54-58 ATHOL STREET
DOUGLAS
IM1 1JD
Isle of Man
Previous Names
CH SERVICES LIMITED
PARAMORE LIMITED
Agent Name
BAKER TILLY ISLE OF MAN FIDUCIARIES LIMITED
Agent Address
P O Box 95, 2A Lord Street, Douglas, IM99 1HP, Isle of Man
Directors / Officers
BAKER TILLY ISLE OF MAN FIDUCIARIES LIMITED, agent

Didn't realise CH Services previous incarnation was Paramore Limited.

Contractor Helpdesk was set up to allow the scheme organisers to legitimately raid the fighting fund (with the help of Cobham Murphy). It wasn't about helping to defend those who participated in the scheme, remember the b*s prepacks?

[webberg]

Hi DOR,

That's fine. I don't need need the trustees to write off my loans before 5th April, in fact that would be against my best interests as the write off will not reduce my loan charge settlement but may have negative tax consequences if done before that settlement.

Bemi

That is incorrect.

A loan written off prior to 5th April, WILL reduce the loan charge but only because it creates a charge of its own.

[neveragain]

Potentially silly question then:

IQ, Winchester, Darwin etc...are they all many heads of the same serpent?

Old article: Umbrella Company News - All Umbrella Companies Are Equal

[Bemi]

That is incorrect.

A loan written off prior to 5th April, WILL reduce the loan charge but only because it creates a charge of its own.

So, would you like me to pass them on the correction?

I just wanted to see their reaction to me taking the lie at face value, and to again challenge them to explain how they were following their trustee duties.

Interestingly the responses was that this was fine...

Which I assume means that DOR will disappear on the 15th, but is more recorded evidence of the whole Baker Tilly family being dishonest. Which may come in handy if I don't pay and this ever ends up in court.

I have found in the past that recording everything and showing that you are the reasonable party doesn't hurt when things become legal.

[webberg]

So, would you like me to pass them on the correction?

I just wanted to see their reaction to me taking the lie at face value, and to again challenge them to explain how they were following their trustee duties.

The last missive I saw from THL, (before I decided that life was too short to waste time on those lacking a moral compass) clearly said that a write off of the loan WOULD be a taxable event.

True, it failed to say that the effect upon the loan charge would be a reduction or explain how the mechanism worked (it reduces the value of the relevant step) but it did say - buried deep in one of the last few paragraphs - that a charge would apply.