Are Umbrella loan repayment pending?

[piebaps]

So informed my Umbrella that I have declared the loans to HMRC but umbrella still state they can't write off the loan as it might jeopardise their many 1000 other contractors/employees.

That's clearly nonsense. The game is up on loan schemes and they know it. writing your loan off won't jeopardise anyone.

[DealorNoDeal]

That's clearly horse/bull tulip. The game is up on loan schemes and they know it. writing your loan off won't jeopardise anyone.

I agree. Writing off one person's loans, because they've settled with HMRC, won't affect anyone else's position. Other schemes have not had any qualms about doing this for people.

Unfortunately, if you can't persuade them to do it, there's probably not much you can do to make them.

[zulucod]

That's clearly horse/bull tulip. The game is up on loan schemes and they know it. writing your loan off won't jeopardise anyone.

Any ideas as to why they won’t write it off? Are they still in denial or ulterior motives like selling it off?

[DealorNoDeal]

Any ideas as to why they won’t write it off? Are they still in denial or ulterior motives like selling it off?

Who knows. I would keep chasing them about the discussion they were meant to be having with Venables.

I know someone in another scheme where the company was resisting writing the loans off. The person just kept asking every couple of weeks or so and eventually they gave in.

[zulucod]

Thank you all, will update thread once HMRC get back to me and any response from my umbrella.

[eek]

Please do - if a mod thinks it’s inappropriate I’m sure they can remove the name if they want to

[DealorNoDeal]

Yes, no harm in naming the scheme.

There may be others reading this forum, in the same situation as you, who want to get the loans written off.

[zulucod]

Advised to remove information whilst awaiting legal input.

[Fred Bloggs]

Umbrella in question is Elite Synergy, also known as elite management and consultancy. I was referred to them via my medical agency RM medics.

Thanks. Their website (Elite Synergy) is kind of "interesting". (The companies house page too.)

[zulucod]

Thanks. Their website (Elite Synergy) is kind of "interesting".

What do you make of their website/company house page? Writing on the wall?