Things about to get very serious and much more real? / Felicitas Letters

[Synn]

My £775 offer was based on IQ Contracts, IQ Consulting and Infinity

[MrO666]

Lets not get into whether it's a loan / income or both again please everyone.

I would say that they appear to be totally all over the place with this. So far I'm aware of:

1) Offers to "write off" the alleged debt for £425
2) Offers to "write off" the alleged debt for £725
3) Offers to "write off" the alleged debt for 1.5%
4) Demands for the full alleged debt within 10 or some cases 6 days (which I'm pretty sure falls foul of any legitimate debt collection procedure)

In relation to point 4, I've seen two of these now, and both of them are asking for different (slightly lower) figures than what they were demanding in the previous attempt.

Either they're being very clever in some way, or (which is in my view more likely), they're being completely amateur in their approach and just getting it all wrong.

One thing I would like to try and understand, is whether the above "offers" are dependant on which scheme a user was a member of. Could it be that some schemes they're just writing off, or or perhaps alleged debts below £X are being written off.

[eek]

But who's advice is trustworthy and accurate? Everytime I look for advice it's a £750+VAT bill, or a £3,000+VAT bill, and so far it's got me no where
Logic says that Felicitas doesn't have a leg to stand on with the alleged loans, if they did why would they look for an admin fee to write-off the debt, when they apparently are owed 000's.

It feels like one last cash grab.

The loan agreements had no values in there, no total, no monthlys, just a time to repay whatever was loaned. There's no loan statements or charges. HMRC are classing this as income and the LC is the tax on that income - so money can't be both income and a loan.

BUT the threats and uncertainty are what's leading to the stress and, in some cases, worse, so for a small payment to make that go away - it's tempting.

Sorry but that simply isn't true.

HMRC look at the entire transaction and say that money is required.
Felicitas are looking at 1 tiny part of the transaction and saying that this is a loan between someone and you to which you now owe us money.

And sadly, both those statements can be 100% true because of the nature of how the money was finally given to you.

As for who you can turn to for valid advice, the reason I say WTT is because they were created by people not involved in any of the orginal schemes, I can't say that about the other options.

[Synn]

But who's advice is trustworthy and accurate? Everytime I look for advice it's a £750+VAT bill, or a £3,000+VAT bill, and so far it's got me no where
Logic says that Felicitas doesn't have a leg to stand on with the alleged loans, if they did why would they look for an admin fee to write-off the debt, when they apparently are owed 000's.

It feels like one last cash grab.

The loan agreements had no values in there, no total, no monthlys, just a time to repay whatever was loaned. There's no loan statements or charges. HMRC are classing this as income and the LC is the tax on that income - so money can't be both income and a loan.

BUT the threats and uncertainty are what's leading to the stress and, in some cases, worse, so for a small payment to make that go away - it's tempting.

[Fred Bloggs]

I also received an email offering £425 settlement for an alleged debt of over 35k. Until now ive ignored all correspondance but if i knew this would be the end of the matter id consider paying just so that i could forget all about this BS. As others have pointed out, does paying this automatically provide proof that im accepting liability for this debt??

You need advice, especially to review the wording of any agreement you may be considering. Too much at stake to ask a bunch of strangers on the internet.

[JammyDodgers]

I also received an email offering £425 settlement for an alleged debt of over 35k. Until now ive ignored all correspondance but if i knew this would be the end of the matter id consider paying just so that i could forget all about this BS. As others have pointed out, does paying this automatically provide proof that im accepting liability for this debt??

[78paul]

So it appears there are 3 variations of letter been sent out,
some for an admin fee, some for a 1.5% reduced rate of value and others for a full amount £000's demand to be paid by 20th or 30th.
Again like previously mentioned, it is best to seek advice on deciding to ignore, dispute or try your luck on the low payment as all could have further implications later.

Remember this is a letter/email sent out on a Saturday evening demanding money from you within a very short period of time.. Think logically before parting with any money. Seek advice.

[eek]

For all the tax questions above speak to WTT, yes I know that's not what anyone will want to hear but they are really the only people able to give you sane advice.

From Memory none of you loans ( except jackdaniels) sound big enough to trigger anything else regarding iht issues but I don't 100% know

[DanJackiels]

I've ignored everything from Felicitas so far, and I got the SMS and email this weekend. Mine was a £775 admin fee to make them go away.... IF the payment is made, does anyone know what the wider implications would be, especially towards HMRC and the LC?

Same as me. 775 quid offer. It’s about 0.5% of the value of loans they state. I’d pay it if I thought it was end to all of this. But as I’ve ignored all previous correspondence there is a certain nervousness that engagement now will lead to further demands. (No reason bar emotion for that feeling)
It almost feels too good to be true 😏

[jezzah123]

Wasn't sure if it somehow legitimised the loans or had IHT or further tax implications? I just want the threats and the additional stress gone

I know what you mean, it's wearing me down!!