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

[Paralytic]

Thanks for this very helpful I have an telephone appt with WTT next week, have also emailed ETCTAX to chat further I cannot find my loan agreement with IQ. Just wanted to know if anyone can answer, my accountant said if you have settled with HMRC as disguises remuneration then it does not become a loan is that correct? Also these so called loans are not secured right? They cannot take your assets off you like your roof over your head? Apologies if these questions seem silly but I don’t know much about this field just panicking right now. Thanks T

Have you read the thread? Your accountant is wrong, but that is not their fault. Its like asking your sparky to plumb in a new boiler. You need to listen to speak to a tax specialist, not your accountant.

As to whether they are secured on any of your assets, thanks unlikely, but what did you sign?

[TZ46]

Have you read the thread? Your accountant is wrong, but that is not their fault. Its like asking your sparky to plumb in a new boiler. You need to listen to speak to a tax specialist, not your accountant.

As to whether they are secured on any of your assets, thanks unlikely, but what did you sign?

Yes I know what you mean!!! Thanks.

I’ve got a telephone call booked with WTT for next week let’s see what they can advise me, as for signing I would never have secured any assets on an agreement.

Just want this to all go away now and move on with my life after my settlement with HMRC (if it’s not HMRC then it’s these rats).

Thanks again T

[awad]

Demand letter

Hi all
I am new to the forum.
I worked through Infinity 2016-17 for about 8 months loan scheme.As soon as I knew this is not right.I spoke to HMRC and now in the process to settle tax for the period. awaiting letter from HMRC.Now last week I have received a demand letter from Felicitas to repay £17500 owed to Infinity.Infinity is no more in operation.I have now checked my documents and fortunately I found that I have not signed the original loan agreement which I received from IOM Infinity.I might have agreed over the phone.I do not recollect signing electronically either.I have the agreement letter with me but not signed or sent back to Infinity office IOM.Therefore is the loan agreement valid?Do I have to pay or settle with felicitas?
What should be my response.?Do I just leave it
What should I do?Could someone in the advice and help.

[cojak]

Please read the thread, the answers to your question are there.

[Honest citizen]

Gladstone letter requesting Felicitas Solutions fake loans

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

Hi all,

I am in complete agreement, first of all 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..
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.

Secondly you have well said as proven in a Crown court these are not loans, but a tax avoidance scheme,

My letter from Gladstone’s lawyers received todaym they indicated that I will be prosecuted if I don’t return £25,600, by 28th of February, this is really hilarious that was my own of
money, pay to Winchester Contractors umbrella entity And return to my account minus 15% cut Winchester Contractors retain.

I will dispute the debt but I will report them to the regulator, they cannot go unpunished

Keep tune more to come

Regards

[Honest citizen]

Gladstone letter requesting loans on behalf of Felicity Solutionsrighfs

Hi TP.

I spoke to Michal Perry (a really helpful accountant with significant experience in these matters) this morning, in his view:

- dispute or ignore it
- Felicitas have bought bad debt and are now employing Gladstones (Ambulance Chasers) to scare people into paying
- unlikely to go to court and, if it did, they are highly unlikely to be successful as they would have to prove it was a loan
- HMRC have already proven it’s income (disguised remuneration, not a loan) according to UK Law so have taken payment for the owed tax value as income tax
- may still potentially be a future issue with HMRC for inheritance tax (if you were in an EBT scheme) but no action required on that unless HMRC contact you about it - in which case he is arranging a group response so cost to contest would be minimal.

I also just spoke to Freeths who are fantastic. They echoed the points above and suggested I just dispute it. They do not believe they have a legal basis on which to claim payment of interest or capital given I can evidence the company that paid me the income (IQ Contracts LTD / disguised remuneration) have in fact already received the funds from the company I contracted for in return for the work I delivered - so they are not out of pocket and have done nothing that would suggest I have a debt to them.

They advised just to respond disputing it and stating why you believe no debt is owed.

Additionally even if it were a legitimate debt, by law Gladstone’s should be giving individuals more than 7 days to make the payment - on that basis (and for how they are acting / operating in general) I am reporting them to the Solicitors Regulatory Authority.

I am also reporting Gladstone’s & Felicitas to the Financial Conduct Authority and to the Serious Fraud Office - suggest your guys do the same.

Anyone else had legal advise on the situation yet?

Best,

Matt

Hi Matt
I am completely agreed with you, I got the same letter today from a Gladstone Solicitors acting on behalf of Felicitas Solutions, 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.

I never signed any loan agreement, credit facility need to have principal amount and the terms of the credit facility, all wire payments are done by swift and leave a electronic trace, so we can probe that it was our original income paid into the Winchester Contractors account, HRMC is correct is disguised income as such they are committing fraud, so this should not go unpunished

I will report to the FCA consumer fraud and the Serious Fraud Office, to have all of them investigated including Gladstone for representing a fraud scheme company, Felicitas Solutions

Best regards
Alice

[TZ46]

Hi all
I am new to the forum.
I worked through Infinity 2016-17 for about 8 months loan scheme.As soon as I knew this is not right.I spoke to HMRC and now in the process to settle tax for the period. awaiting letter from HMRC.Now last week I have received a demand letter from Felicitas to repay £17500 owed to Infinity.Infinity is no more in operation.I have now checked my documents and fortunately I found that I have not signed the original loan agreement which I received from IOM Infinity.I might have agreed over the phone.I do not recollect signing electronically either.I have the agreement letter with me but not signed or sent back to Infinity office IOM.Therefore is the loan agreement valid?Do I have to pay or settle with felicitas?
What should be my response.?Do I just leave it
What should I do?Could someone in the advice and help.

Hi

Most of us are in the same boat as yourself and I advise you to read the threads (I’m still reading catching when I can) what I will say is you definitely need legal advice from someone who knows about this stuff not just any solicitor who will probably learn it on the go and mess it up for you some of the names mentioned here are WTT CONSULTANTS & ETCTAX.co.uk. But if you find out more infor please post keep us in the light Thanks

[eek]

Hi all,

I am in complete agreement, first of all 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..
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.

Secondly you have well said as proven in a Crown court these are not loans, but a tax avoidance scheme,

My letter from Gladstone’s lawyers received todaym they indicated that I will be prosecuted if I don’t return £25,600, by 28th of February, this is really hilarious that was my own of
money, pay to Winchester Contractors umbrella entity And return to my account minus 15% cut Winchester Contractors retain.

I will dispute the debt but I will report them to the regulator, they cannot go unpunished

Keep tune more to come

Regards

Please read this thread in it's entirety as while you have you viewpoint that may not match with how the rest of the world (especially courts) sees it.

As Webberg has shown in previous posts it's perfectly possible that this is both a tax avoidance scheme and a loan and you are liable for both.

As for the rest of your post - you need to get past your anger and work out how you can logically deal with them (which means speaking to WTT / webberg, etctax and deciding what you want to do).

[DesparateDan]

Here are your choices:

1. Do your own research and make such representations to the parties involved as you deem fit
2. Engage your own solicitor to challenge the claims
3. Join a group that is already doing that

(I'm assuming that paying the demand is not an option).

1. Requires a lot of time and probably the collection and collation of evidence that you may not have.

2. As you have gathered from reading this thread - please do that - you are in specialist territory and educating a lawyer as to the minutae of the issues here is something you will have to pay for.

3. To the best of my knowledge the people who have had demands and who have sought and perhaps joined a group, have joined either:

WTT's group (that's me and my firm), or

ETCtax's group (a guy called Andy Wood with whom we speak regularly)

I'm aware that other advisers have opined that either the matter is so straightforward that the simplest of rebuttals would suffice to make it all go away whilst others have asked for some quite substantial fees without actually saying what they plan. I have no other details on those.

We (WTT) offer a free call and a modest joining fee for our group.

ETCtax I think also offer a free call and will make the initial response for free as well (or at least they were last week).

I think that covers it.

No adviser is going to go into detail here as to their strategy.

Unfortunately there are many opinions and views in this thread to sift. Some are sensible, some not and some frankly are fantasy. However, read them all as it will repay you.

Webberg -

Firstly, thanks for all your support/advice.
I am still very panicked, but without some straightforward impartial advice on this forum, I wouldn't be holding it together.
(I couldn't take the threats and pressure, from HMRC, so I settled, back before the APNs even started. The pressure of that and having to sell the house as a result led to my wife taking an overdose, in an attempt to take her own life)

There are lots of us affected by this, but there is unlikely to be any one-size-fits all, because of the many different schemes an different tax years. Plus, some have settled with HMRC and some haven't.

I see there are new people joining the thread and being advised to read the entire thread. But, at nearly 80 pages, with conflicting views, it can make very depressing reading. So, repeating your concise advice, near the end of the thread is helpful.

I was with Sanzar for multiple tax years and stand to lose £200,000+. (Which is just about the equity we have in the house)

I need to band together, with others, to know I'm not alone.

Thanks again
Dan.

[eek]

Posted far too much information
....
Stay strong mate.

Why are you publishing this information in a public forum? Come Monday they will know this argument has failed and will try another one