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

[Babafissi]

Same here!

I got the letter this morning and am in the same position as Nervous Newbie having settled with HMRC some years ago.
Will be talking with solicitor later and will share anything relevant.
Cannot wait to see the advice later in the week!

I received latter from Infinity Solutions Limited referring Felicitas Solutions as The Assignee of the load with a copy of letter from them demanding the full amount, and treathning with Debt collectors, what is going on can anyone please help with asking for 33K after settling HMRC for almost 25K

Really need help here please

[Hobo]

Same here. So I got in touch with WTT suggest you may want to consider.

Thank you. I've just read the statement on WTT website and I settled with HMRC back in 2016.

I shall contact WTT.

Much appreciated.

[rado]

I felt the same on the day of receipt but the following day I sought good advice and now feel fairly confident that these guys are chancing their arm / on a fishing trip and will seriously struggle to enforce the course of action they are proposing.

I spoke again to the Managing Partner of Freeths London today - apparently a number of people have now contacted them about this issue and they are prepared to represent as a group action if it comes to it. I use them through work and only have good things to say about them - they are big hitters and have a wealth of expertise around this area so I for one will be using their services if it comes to it. You guys are obviously welcome to join in - the bigger the group the more weight we have + the further the costs will be shared.

Additionally, we have a team of forensic accountants auditing our 2019 books at work this week - I had a good conversation with the head of the team there today and he’s happy to look over everything for me in the next few days as a favour. On the face of it his advice was the same as I posted in previous comments....

I know it’s not easy when you receive a letter using such aggressive tactics but I wouldn’t lose too much more sleep over this!

Best,

Matt

Please let me know if you plan to form a group so that they can represent all of us who got the letter from these scamsters....
Thanks

[Ironwoman31]

Help needed

I have just joined now. I have been reading these posts as I have just received the letter now. We are in complete shock, and unable to understand from where this has just cropped up!
Matt Wills After reading all the posts, want to understand if Freeths Mayfair office -- any particular lawyer who I could contact? I'm happy to join forces and fight this as there's no way in hell that I'm willing to pay this . Firstly this is not even a loan its our own income which I am settling with HMRC and paying the taxes for the disguised remuneration.
Please advise if any particular lawyer could be approached for this matter?

Thanks,

Hi all,

I have literally just joined but have been reading these posts since yesterday when I received my letter.. Also dated 30th Jan, and wanting payment to be made by the 12th Feb!! Its Sick!!
But also strange how its all come about on the same week and so close to the HMRC deadline for IR35, I wonder if they were being pursued from HMRC and tried to offset the debt back onto us..

Considering that the money comes from us in the first place, paid to those so called Umbrella Companies with a 15% cut for them providing a services which we are getting hit on by HMRC anyway.. And now they have the nerve to try and demand interest on a loan that, was our money in the first place and HMRC consider it as taxable income.!!!

Not only have we got the worry about future contract work and IR35, and the prospect of leaving our Ltd companies to go back to 'Umbrella', we have this!

I am liking what you are all discussing and from where I was wondering last night what is the point of all this when we are all trying to have lives and move on, there might be some hope..

I called my accountant and sent them my letter, they have a number of contractors on their books and are investigating this..

MattWills78 - I'm near London so I will also think about contacting Freeths.

I'm curious what John Davies is the director for Gladstones had to say...
Has anyone contacted Felicitas Solutions Shareholders Maurice Hazell & Adrian Sacco?

I'm definitely up for joining forces and getting one firm to dispute this..
Prob not wise to ignore the letters.

[rado]

I spoke to a lawyer yesterday who's advice was ignore the demands. He said I could pay him to write a letter, but he didn't think it was necessary at the moment.

Hi,
Did they chase you any futher ?

Thanks

[Socialsarah73]

A P11D details the "benefits in kind" an employer makes available to you.

In the case of a loan from an employer, the "benefit" is the difference between the interest you would have paid at an "official rate" and the actual interest paid - usually NIL.

So the P11D will include this interest difference.

Further, a loan made by an employer may be written off/forgiven or otherwise allowed to lapse.

Clearly as you are no longer indebted to the employer you have benefited. That benefit arises courtesy of your employment. Therefore the amount of the loan written off etc, is a work related benefit and is taxable.

In this instance the P11D will also include the write off as a benefit.

If your empllyer is operating some sort of tax scheme, a loan being written off and taxed is going to remove most of the benefits.

Therefore some schemes (Sanzar I suspect in this case) had a mechanism by which the loan was allegedly repaid or removed as a personal liability. In that case the P11D will set outr the fact that a loan was made and then allegedly repaid - or to use the words in the form "discharged".

As to whether that discharge actually happened or not, we don't have enough space here to discuss. Let's just say that HMRC is unlikely to be in the "believer" camp.

Thanks Webberg agree HMRC are unlikely to agree and I have settled with them.

however, If iQ said it was discharged on my PD11 then could this be an argument and evidence in respect of not believing I owe anything as my deed of settlement is between me and iQ director. There is no mention of Trustee etc.

I also got my letter today and this states original lender as iq and infinity but wasn’t advised it then changed unlike now. I have also scrutinise subject access information received and although “loans” were made the “master loan agreement” (infinity) was signed weeks after. How do I contact WTT?

[pnr8uk]

Unfortunately a lot on here are getting mightily mixed up with what these letters actually are.

They are debt collection letters, a debt non of us knew or know about.

Treat them in the first instance as debts one does not know about, treat them exactly as if someone came to the front door asking for money one would simply ask for proof.

Dispute the debt, this is totally free you don't need expensive solicitors at this stage for that. You are covered by FCA guidelines on debt dispute.
IF and a big IF they come back with further letters claiming proof, the next step is to ask for;

A SIGNED credit agreement (original copy)
A SIGNED terms and conditions agreemnt
A SIGNED payment amount, payment terms, loan duration.

I see a lot of post about involving police, the police will have zero interest in theses cases these are civil disputes. Stick to financial authorities and legislators.

Finally if we do go to court for proof of loan, with WTT or any advising barrister, G**sto** will need to prove we took out loans, what better defence can we all have than the Crown? If the Crown and HMRC have proved in a Crown Court these are not loans, and indeed changed the law accordingly, then good luck to any legal team trying to overturn HMRC's decisions.

I am going to sign up to WTT for support, I too have excellent tax lawyers, however they are just that tax lawyers.

Remember all this is not a resurrection of the loan charge this is a debt collection dispute of a loan.

It looks as though we are all sticking together and sharing what we know. However, we are all in the same boat awaiting responses which I admit for some must be awful.

STAY STRONG

[dammit chloe]

This from etctax may help you.

https://twitter.com/ETCTax/status/1227725082296012801

[Culps67]

For the record, I will NEVER:

1. Be a contractor again
2. Not read every single word of what I am signing up to before I sign up for it
and
3. Go with an idea that seems too good to be true.

Lesson learned. I just want the anxiety, the stress, the panic, the stinging eyes, the pain in the shoulders and chests, the fuzzy heads, the lack of focus and the tiredness to stop.

100% with you on this.

Unless you are in a really specialist area or consultant level contracting isn't anywhere near as lucrative as it used to be. Twenty years ago the rates were far higher. I work in IT infrastructure and when I was on short term contract in 2016 the rate was half what I was paid in late 90s. Now I'm permanent I have holiday and sick pay, a great pension scheme and I now get paid 50% more than when I was a contractor.

I got hassled to death off HMRC for tax of less than £200 !

Never again. No good even reading small print. The government, HMRC can seemingly bend the rules, change laws as much as they need to extort money out of people. I don't give two hoots if any of those snakes are reading this. I'm out of contracting and will never return.

[AdeKing]

I received this letter yesterday

I have just joined now. I have been reading these posts as I have just received the letter now. We are in complete shock, and unable to understand from where this has just cropped up!
Matt Wills After reading all the posts, want to understand if Freeths Mayfair office -- any particular lawyer who I could contact? I'm happy to join forces and fight this as there's no way in hell that I'm willing to pay this . Firstly this is not even a loan its our own income which I am settling with HMRC and paying the taxes for the disguised remuneration.
Please advise if any particular lawyer could be approached for this matter?

Thanks,

Hi everyone,

Apologies if I've arrived late to this party but its becuase the postman delayed delivering my own letter until yesterday. Its been utter panic here with a demand for £35,897.

Could anyone kindly assist with how to join up with this litigation team to fight this please.

I am so nervous I can't type properly.

Regards,