Can anyone assist? I have been sent a letter from IQ contractors demanding 46k for loans outstanding. is this legal? Why was I sold a system which was deemed to be all above board with HMRC to then be asked for money back?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
HELP Needed.
Collapse
X
-
-
1 Yes there are people who can assist.Originally posted by Dontknowwhattodo View PostCan anyone assist? I have been sent a letter from IQ contractors demanding 46k for loans outstanding. is this legal? Why was I sold a system which was deemed to be all above board with HMRC to then be asked for money back?
2 Yes it was legal.
3 In short - Because you signed an agreement to send your earnings to a third party who then gave most of it back to you as a loan without paying income tax and NIC on it.
FB.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Dontknow. Stop. Take a few deep breaths.Originally posted by Dontknowwhattodo View PostCan anyone assist? I have been sent a letter from IQ contractors demanding 46k for loans outstanding. is this legal? Why was I sold a system which was deemed to be all above board with HMRC to then be asked for money back?
Have a read of the sticky at the top of this section. It should tell you all you need to know.Comment
-
Do your bit for the planet, and recycle it as bog roll.Originally posted by Dontknowwhattodo View PostCan anyone assist? I have been sent a letter from IQ contractors demanding 46k for loans outstanding. is this legal? Why was I sold a system which was deemed to be all above board with HMRC to then be asked for money back?Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
-
Originally posted by DealorNoDeal View PostDo your bit for the planet, and recycle it as bog roll.
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- A remote IT contractor's allowable expenses: 10 must-claims in 2026 Today 07:03
- New UK crypto rules now apply. Here’s how mandatory reporting affects contractors Yesterday 07:03
- What the Ray McCann Loan Charge Review means for contractors Jan 14 06:21
- IT contractor demand defied seasonal slump in December 2025 Jan 13 07:10
- Five tax return hacks for contractors as Jan 31st looms Jan 12 07:45
- How to land a temporary technology job in 2026 Jan 9 07:01
- Spring Forecast 2026 ‘won’t put up taxes on contractors’ Jan 8 07:26
- Six things coming to contractors in 2026: a year of change, caution and (maybe) opportunity Jan 7 06:24
- Umbrella companies, beware JSL tunnel vision now that the Employment Rights Act is law Jan 6 06:11
- 26 predictions for UK IT contracting in 2026 Jan 5 07:17

Comment