Churchill Knight & Boox clients being investigated as Managed Service Companies

[jamesbrown]

I hope you had that cleared by a mod before posting…

[NotAllThere]

I hope you had that cleared by a mod before posting…

Nope.

[cojak]

Nope.

Make that a double nope with bells on…

[woody1]

I hope you had that cleared by a mod before posting…

What "gem of wisdom" did I miss?

[eek]

What "gem of wisdom" did I miss?

A spam post advertising Churchill knight’s new website.

[woody1]

A spam post advertising Churchill knight’s new website.

Hopefully it's not just the website they've changed.

[GregRickshaw]

You can ask for Time To Pay (TTP), you have to provide details of your income and outgoings and a proposal of how much you think you can pay each month. Like any creditor, they'd rather get all their money over a longer period than get none.

One drawback is that the interest continues to be added to the outstanding amount.

https://www.gov.uk/guidance/find-out...ay-arrangement

I don't know if the interest part, the way you describe, is going to be true for these payments, but after dealing with HMRC previously they did not add interest continually (as per a mortgage) thus compounding the payments month on month.

HMRC calculated what I owed (including interest and late payment fees) and gave me the figure. You may be able to do it yourself but you can probably get the late payment fees removed and the interest on those, which was (and will be in this case) quite substantial, I had a tax specialist do this for me.

I also got a very long TTP (10+years) thanks to my MP so consider getting their help. I ended up paying it off in much less time but still it was a huge relief on my personal life when I got the long TTP.

[Fred Bloggs]

Hopefully it's not just the website they've changed.

Nope. Copied a few seconds ago from CK website.

"We have carefully constructed our limited company packages to suit contractors and freelancers at each career stage. If you want to take care of some of the work yourself or prefer a completely hands-off approach, you have the option to choose."

Seriously, anyone choosing this company needs their head examining.

[jamesbrown]

I don't know if the interest part, the way you describe, is going to be true for these payments, but after dealing with HMRC previously they did not add interest continually (as per a mortgage) thus compounding the payments month on month.

Interest on late payments is always simple, not compounded.

[eek]

Hopefully it's not just the website they've changed.

I should been clearer, the new website is a new business providing "expert" advice for those impacted by the MSC issue - as you can tell by the changes they made to their main website I don't rate the advice they are offering very highly...