IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands

[78paul]

Yes those points above and one thing that struck me about how the loans were listed in my letter.

It seems I had 4-5 big loans with them that equate to a certain period and a certain trust, but I don't remember signing a loan agreement for these 4-5 individual big loans. I just received monthly payments for work I did.

Yep, I had the same. Several large loan amounts with no dates. I have found one letter that shows the T&C's similar to an earlier post but that for just for a one year period. My payments were made to me weekly.

[Wazza1882]

I'd love to see them try and legally enforce those loans.

I don't need to read the loan agreement to know it's a joke. Any court would see it's nothing more than window dressing for disguised remuneration. The fact that HMRC have deemed it DR, and you've paid tax on that basis, confirms this.

They are nothing but chancers trying to make a fast buck.

I love your confidence and correct views, but my emotions are getting the better of me currently. I only received the letter last night, had 3 hours sleep. Might feel better after the weekend.

[Wazza1882]

Did anyone receive a PD11 from them in Jan 2017 showing BIK - Think this was a new strategy they tried.

I got mine on 31 Aug 2016, I might have done something with it. I have the emails from them for P45s and P11Ds, but rather than them attached they are links to where they can be downloaded. Naturally, the links don't work any more.

[Sid Sewell]

Big Group email address

Hi, how do I join Big Group? I received the same letters demanding payment of interest or a settlement amount.

Email them on [email protected]

[Chimpo2k]

WTT Statement on IQ Consultants, IQ Contracts, Garraway Ltd, Darwin and Sanzar.
We have become aware that the loans that claim to emanate from the above schemes from late 2012 onwards have apparently passed into the hands of Felicitas Solutions Ltd. As a result many users of the above arrangements have received letters from Gladstones Solicitors (“Gladstones”) of Knutsford acting on behalf of Felicitas Solutions Ltd (“Felicitas”) of Ramsay Isle of Man.

The letter from Gladstones and Felicitas offers no proof that the rights claimed actually exist. It is the opinion of WTT that all recipients of these letters conduct a thorough amount of due diligence as to the bona fides of the claimed transactions. This can be raised with Felicitas directly. Their address is Felicitas Solutions Ltd, 8 Auckland Terrace, Parliament St, Ramsay, Isle of Man, IM8 1AF. Their email is [email protected] More information on the company can be found here Online Services - Company Summary

Felicitas also states that they are registered with the Isle of Man Office of Fair Trading. The website of that organisation is here Isle of Man Government - Isle of Man Office of Fair Trading and we suggest that they would be an impartial body from who to seek advice if you consider that necessary.

WTT is of the view that unless you have agreed a formal settlement with HMRC under the terms of the announcement made in November 2017 (CLSO 2), then a write off of the alleged loan may be a taxable event at the time of the write off. We, therefore, strongly urge you to take appropriate professional advice as to whether tax may be due in the event of a write off.

WTT is undertaking work on behalf of those clients who used the above arrangements and will be responding directly on their behalf and working with the relevant IOM authorities. For obvious reasons we are unable to share the full details here. If you wish to enquire into these actions and/or join that action, please contact us on [email protected] alternatively we recommend you take appropriate professional advice before making any payments or indeed liaising with Gladstones.

Hi newbie here- got the same letter and am tulipting it. Does any one have a pro for a letter we could use to dispute this?

Thanks

[UnhappyRed]

Can anyone confirm what type of legal advice is required.

I know getting legal advice has been suggested as a way forward, but does anyone know what type of legal advice. Is it trust or debt advice that is required. It seems a fruitless exercise to just go through the phone book.

[webberg]

There's a hint of some confusion here around Big Group etc. At the risk of having this post mod snipped I'll try to present a better picture of who the players are, what names they use and what actions are being taken.

WTT Consulting is a tax advisory firm, We have no connection with any contractor scheme, past or present. We have an analysis which says that no individual contractor should be paying tax and we are moving to test that in Tribunal starting in a couple of months.

webberg - my forum handle. Go to the WTT website and the name will be obvious.

Tax advisers - to the best of our knowledge, independent tax advisers who have knowledge or experience in this space are very limited. Some have been active in these forums in the past but these days use different media to get their message out. There are also advisers who have connections with certain schemes and who tend to focus on those. I am not aware of any advisers who specialise in the schemes subject to this thread.

Big Group - is a litigation group formed, managed and directed by WTT Consulting. It's purpose is to litigate against HMRC's view of tax liability. It covers around 150 schemes of varying integrity/complexity.

In summary, WTT/Big Group is a tax advisory and tax litigation organisation. It's primary purpose is to advance a strategy in respect of tax liability.

In doing so, we have several terabytes of information on schemes from 2001 to date. We understand these schemes in terms of their genesis, marketing, operation, demise and now investigation.

We have also had to become somewhat expert in peripheral actions such as loans and the fate of loans. As such we have an in house legal team alongside access to experienced external law firms. We use this expertise to challenge/manage promoters (those who sold and/or benefited from the schemes, be they the original parties or more recent acquirers) claims from time to time.

We have and will continue to share much information on the schemes and the actions of those still seeking to profit from them. There are limits to what can be shared.

We have always and continue to offer a free initial consultation with one of our experts, no obligation.

In the event that you decide to join us, we have a fixed fee model.

One off actions such as settlement have one price, regardless of complexity.

Ongoing actions (litigation) have a joining fee and a low monthly fee.

There are other advisers in this space who have different ideas, different affiliations, different strategies. Some can deal with the sort of issue we have here (loan demands) and others may not be able to. The best suggestion I can make is that if you need some advice, shop around.

Apologies if this reads too much like an advert. Remember, we are a commercial firm. We do charge fees. We are biased in thinking that we are good at what we do. We believe that we do not do the "hard sell" here or on the phone.

You need to decide what you want to achieve. It's fine venting and pouring scorn and vitriol on scheme promoters, those who have acquired loan books, HMRC, and all their agents. Once that anger and passion has gone though, what do you want to achieve and how are you going to do that?

Unless you are blessed with the right knowledge or have the time to acquire it, you will have to buy it. The cost is likely to be (per capita) less as part of a group. I see above, suggestions for such a group and it is a good one. The hard part of groups is not forming them, but maintaining them once the heat and fury has gone.

I hope this helps.

[Obi1]

I also received a letter from the scammers

Morning All,

Great advise from people, much appreciated

On the last page of the letter from Gladstones solicitors, it states:

"If you pay £xxx before 12 February 2020, we will release you from all interest and repayment obligation in respect of these loans. To be clear, this would mean that you would not have to pay the interest demand earlier in this letter, any other interest on the loans, or the rest of the loan balance, ever. You would instead pay £xxx, in full and final settlement. This offer in this letter is intended to be binding on us and legally enforceable by you. The release will happen automatically on receipt on your payment and you will have nothing further to pay. if you wish to accept this offer, make your payment as follows:"

Did anyone else get this statement?

If for argument sake this was paid, would they be able to claim andthing in the future under a different company name?

Thank you

[cojak]

I’ll accept that for the purposes of clarity and the avoidance of doubt, webberg.

[78paul]

Morning All,

Great advise from people, much appreciated

On the last page of the letter from Gladstones solicitors, it states:

"If you pay £xxx before 12 February 2020, we will release you from all interest and repayment obligation in respect of these loans. To be clear, this would mean that you would not have to pay the interest demand earlier in this letter, any other interest on the loans, or the rest of the loan balance, ever. You would instead pay £xxx, in full and final settlement. This offer in this letter is intended to be binding on us and legally enforceable by you. The release will happen automatically on receipt on your payment and you will have nothing further to pay. if you wish to accept this offer, make your payment as follows:"

Did anyone else get this statement?

If for argument sake this was paid, would they be able to claim andthing in the future under a different company name?

Thank you

I got this statement and this is exactly that point is what I am wondering..

Although it still does not give you any full breakdown of the loan dates and any proof that IQ or the others instructed them to pursue the money. And why straight to a debt collector and not directly from them annually, and then if no payments then through the courts