Trust help line email help!

[kizza]

3. What is a "deed of release". And how much do these cost? (My edit: On investigation, it's 5% of total loan amount).

Hi,

Just to clarify, are you saying you actually contacted them back and they told you that a "deed of release" would cost you 5% of your total loan amount?

Thanks for any help

KC

[Lonerous]

Hi.

I didn't contact them (I can't find a contact number, which makes me rather uneasy). The 5% figure was quoted in the documentation/links sent to me.

[RoGeorge]

Hi.

I didn't contact them (I can't find a contact number, which makes me rather uneasy). The 5% figure was quoted in the documentation/links sent to me.

Lonerous ,

Would you be kind enough to share the details of document/link you received... as most of us have only received attached letter outlining options for settlement. I would be good to see where these crooks have mentioned 5%.

thanks,

[Socialsarah73]

When you register it takes you to the following and also asks for you to upload ID (haven’t done this).

THL Account
Settling with HMRC
For those wishing to settle directly with HMRC, they have published a guide on what to do. Please see the following link:

https://www.gov.uk/guidance/disguise...ur-tax-affairs

The '2019 Loan Charge Legislation' includes an opportunity for Contractors caught by this legislation to register for a Settlement Opportunity. Registering with HMRC does not commit you to settling, but allows you to take advantage of the Global Terms offered should you wish to.

The opportunity to register runs out on 31st May 2018

Seeking further advice when considering settling with HMRC
For those who need more specific advice, with your permission, we can forward your details onto a specialist tax advisor, Templeton Brook, who will be able to advise you.

Templeton Brook Offer a range of services such as:

Negotiation of settlements, including Time to Pay arrangements
Representations against APNs (Accelerated Payment Notice)
Advice on HMRC information powers and penalties
Advice and support during CoP 8 and CoP 9 investigations
Advice and support on Alternative Dispute Resolution
Reviews and advice when an impasse has been reached with HMRC on contentious technical points or during an investigation or enquiry
Deed of Release
If you have already settled with HMRC, or are considering settling, you need to purchase a Deed of Release in respect of the outstanding loans you have from each Trust. Clearly, settling with HMRC resolves the Tax position, but that still leaves you with an outstanding Loan to the Trust.

HMRC also ask for proof that you no longer have any outstanding loans. The deed of release will demonstrate that you no longer have outstanding loans and as such will not be caught by the ‘2019 Loan Charge Legislation’.

On execution of the Deed of Release, you will also be removed as a beneficiary of the Trust ceasing your involvement with the Trust. The Trustees will execute a Deed of Exclusion and you will receive a copy.

The cost per Deed of Release and Deed of Exclusion is 5% of the outstanding loan amount, plus a £250 administration charge.

A Deed of Release and Deed of Exclusion is needed for each Trust where you have loans outstanding.

If you have already settled with HMRC, then a Deed of Release and a Deed of Exclusion is immediately needed as you have not yet ceased your involvement with the Trust(s) and you still have loans outstanding.

It is advisable to execute these documents as soon as possible as in most cases Interest continues to accrue on all amounts outstanding. If you were to end your involvement with the trust before 30th June 2018 the trustees have indicated they will look favourably at accrued interest.

Contact Helpline Services Limited if you need to purchase a Deed of Release and a Deed of Exclusion.

Helpline Services Limited
Suite 319-3, 1 Royal Exchange Avenue,
London,
United Kingdom,
EC3V 3LT
Email: [email protected]

[Loan Ranger]

That is truly shocking.

The word "extortion" comes to mind.

[RoGeorge]

When you register it takes you to the following and also asks for you to upload ID (haven’t done this).

THL Account
Settling with HMRC
For those wishing to settle directly with HMRC, they have published a guide on what to do. Please see the following link:

https://www.gov.uk/guidance/disguise...ur-tax-affairs

The '2019 Loan Charge Legislation' includes an opportunity for Contractors caught by this legislation to register for a Settlement Opportunity. Registering with HMRC does not commit you to settling, but allows you to take advantage of the Global Terms offered should you wish to.

The opportunity to register runs out on 31st May 2018

Seeking further advice when considering settling with HMRC
For those who need more specific advice, with your permission, we can forward your details onto a specialist tax advisor, Templeton Brook, who will be able to advise you.

Templeton Brook Offer a range of services such as:

Negotiation of settlements, including Time to Pay arrangements
Representations against APNs (Accelerated Payment Notice)
Advice on HMRC information powers and penalties
Advice and support during CoP 8 and CoP 9 investigations
Advice and support on Alternative Dispute Resolution
Reviews and advice when an impasse has been reached with HMRC on contentious technical points or during an investigation or enquiry
Deed of Release
If you have already settled with HMRC, or are considering settling, you need to purchase a Deed of Release in respect of the outstanding loans you have from each Trust. Clearly, settling with HMRC resolves the Tax position, but that still leaves you with an outstanding Loan to the Trust.

HMRC also ask for proof that you no longer have any outstanding loans. The deed of release will demonstrate that you no longer have outstanding loans and as such will not be caught by the ‘2019 Loan Charge Legislation’.

On execution of the Deed of Release, you will also be removed as a beneficiary of the Trust ceasing your involvement with the Trust. The Trustees will execute a Deed of Exclusion and you will receive a copy.

The cost per Deed of Release and Deed of Exclusion is 5% of the outstanding loan amount, plus a £250 administration charge.

A Deed of Release and Deed of Exclusion is needed for each Trust where you have loans outstanding.

If you have already settled with HMRC, then a Deed of Release and a Deed of Exclusion is immediately needed as you have not yet ceased your involvement with the Trust(s) and you still have loans outstanding.

It is advisable to execute these documents as soon as possible as in most cases Interest continues to accrue on all amounts outstanding. If you were to end your involvement with the trust before 30th June 2018 the trustees have indicated they will look favourably at accrued interest.

Contact Helpline Services Limited if you need to purchase a Deed of Release and a Deed of Exclusion.

Helpline Services Limited
Suite 319-3, 1 Royal Exchange Avenue,
London,
United Kingdom,
EC3V 3LT
Email: [email protected]

Bunch of criminals..this is another trick to grab a piece of pie.i think this how the whole game was planned from the inception..

..I dont think HMRC ask for proof of outstanding loan...I would not entertain these bastard now...will wait and watch for time..

As per my so called loan agreement my payment fall in 50 years or upon death...they are more than welcome to come to meet me in hell... i will be there to show my middle finger to these crooks...

[RoGeorge]

When you register it takes you to the following and also asks for you to upload ID (haven’t done this).

THL Account
Settling with HMRC
For those wishing to settle directly with HMRC, they have published a guide on what to do. Please see the following link:

https://www.gov.uk/guidance/disguise...ur-tax-affairs

The '2019 Loan Charge Legislation' includes an opportunity for Contractors caught by this legislation to register for a Settlement Opportunity. Registering with HMRC does not commit you to settling, but allows you to take advantage of the Global Terms offered should you wish to.

The opportunity to register runs out on 31st May 2018

Seeking further advice when considering settling with HMRC
For those who need more specific advice, with your permission, we can forward your details onto a specialist tax advisor, Templeton Brook, who will be able to advise you.

Templeton Brook Offer a range of services such as:

Negotiation of settlements, including Time to Pay arrangements
Representations against APNs (Accelerated Payment Notice)
Advice on HMRC information powers and penalties
Advice and support during CoP 8 and CoP 9 investigations
Advice and support on Alternative Dispute Resolution
Reviews and advice when an impasse has been reached with HMRC on contentious technical points or during an investigation or enquiry
Deed of Release
If you have already settled with HMRC, or are considering settling, you need to purchase a Deed of Release in respect of the outstanding loans you have from each Trust. Clearly, settling with HMRC resolves the Tax position, but that still leaves you with an outstanding Loan to the Trust.

HMRC also ask for proof that you no longer have any outstanding loans. The deed of release will demonstrate that you no longer have outstanding loans and as such will not be caught by the ‘2019 Loan Charge Legislation’.

On execution of the Deed of Release, you will also be removed as a beneficiary of the Trust ceasing your involvement with the Trust. The Trustees will execute a Deed of Exclusion and you will receive a copy.

The cost per Deed of Release and Deed of Exclusion is 5% of the outstanding loan amount, plus a £250 administration charge.

A Deed of Release and Deed of Exclusion is needed for each Trust where you have loans outstanding.

If you have already settled with HMRC, then a Deed of Release and a Deed of Exclusion is immediately needed as you have not yet ceased your involvement with the Trust(s) and you still have loans outstanding.

It is advisable to execute these documents as soon as possible as in most cases Interest continues to accrue on all amounts outstanding. If you were to end your involvement with the trust before 30th June 2018 the trustees have indicated they will look favourably at accrued interest.

Contact Helpline Services Limited if you need to purchase a Deed of Release and a Deed of Exclusion.

Helpline Services Limited
Suite 319-3, 1 Royal Exchange Avenue,
London,
United Kingdom,
EC3V 3LT
Email: [email protected]

By the way...I am sure most of you are aware but those who are not this address from Royal Exchange Avenue is nothing but virtual rental office...these crooks might not even be paying 100 pound a year for this address...this how these bastards operate...so do not get fooled by a prominent London address...

[CGContrator]

Please stop harrasing me - Trus help line - IQ

I have recevied the same
Dear Sir / Madam,

HMRC DEADLINE FOR REGISTERING FOR THE SETTLEMENT OPPORTUNITY CLOSES 31st May 2018

There are only 2 days left to register with HMRC

Please see the attached letter.

The '2019 Loan Charge Legislation' includes an opportunity for Contractors caught by this legislation to register for the Settlement Opportunity. Registering with HMRC does not commit you to settling, but allows you to take advantage of the Global Terms offered should you wish to.

The opportunity to register closes on 31st May 2018

Helpline Services Limited have been instructed by your former Employer / Trustee to administer the process of dealing with your enquiries. We now have a portal to help with this, which you can use to help understand some of the options open to you. Please click on the link below to login:

https://thlportal.azurewebsites.net

Your Username is """"""""""""

Please check our previous emails for your password.
If you can't find it then please click on Forgotten Password on the site and enter your email address to reset it.

Kind regards,
Helpline Services Limited


Helpline Services Limited
Registered Office: Suite 319‑3, Royal Exchange Avenue, London, United Kingdom , EC3V 3LT
Incorporated in the United Kingdom
Company Number 11097772
[email protected]

-------------

Is this true? I think this is fake and not legal! I am being harrased for a small mistake I made in choosing IQ just for 9 months. It was an blind mistake which I have repented enough. Can some one shed some light..? Kindly Help me get out of this harrasment.

[cojak]

It is true, but you can do this yourself - follow these instructions

https://forums.contractoruk.com/hmrc...-deadline.html

[AVFC]

Expenses

I am in the exact same position. Same scheme and same year (2013/14) being assessed. Difference is I have received an assessment from HMRC of what they think was the loan amount and taxes/ interest/ late payment charges due.

Given that tax is currently being accrued on this amount, is it worth making a payment on account to help negate some of these additional charges? Or even paying the full amount and then settling for the years HMRC haven't queried?

My current intentions are to settle but each time I think I have a figure worked out (which is BIG!) I hear about addition costs such as this. 5% for deed release is also a big sum for me. Am I right in understanding that there is little no allowance for expenses through the settlement route? I did read that someone managed to get travel expenses factored in?

I don't think I could take the stress of this hanging over my head by joining a group to fight this and the constant chasers from HMRC but at the same time we have a third child on the way and financially things will become very very tight.

Writing from the deepest darkest depths of despair...

I was told today by an adviser that expenses can be factored in to open years only. You can try for all years and the worst they can do is reject the amount. Success in this would be big deduction against the final amount paid for many but be careful it does not lead you down another dreadful path.

For me it would make a massive difference personally as I have always said that the no expense rule in the schemes was wrong and only devised to avoid an initial negative tax situation.