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Churchill Knight & Boox clients being investigated as Managed Service Companies

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    Originally posted by praxeologist View Post
    I'd like to remind anyone who think they may have paid themselves less than 50% of the company's revenue in any year to consult your tax lawyer as HMRC's demand can be killed that way. Qdos sent them the evidence of me withdrawing less than 50% during the year in question and eventually HMRC accepted it, set the liability to nil and I've since closed the company.
    You don't need assistance, I did this myself for one of my three years.

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      Can I close my company with this outstanding? If yes great, if no will I be able to do it after the tribunal?

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        Originally posted by LondonJamesMc View Post
        Can I close my company with this outstanding? If yes great, if no will I be able to do it after the tribunal?
        Nope and probably nope afterwards. HMRC need the company open so they can get the money from the directors if the company hasn't got it.

        Sorry to be the bearer of bad news but that's the reality.
        merely at clientco for the entertainment

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          Whilst eek is correct, HMRC have famously let many companies and their directors slip through the net on this one.

          Those who didn't engage with HMRC and considering there are only around 200 fighting the case that means well over 1000 will get off 'Scott' free when HMRC win this. I have also heard but have no hard evidence of a few who managed to close their companies, HMRC though can re-open, I suspect the ones who claim they have closed their companies may have been those who didn't engage but it's all bit far east whispers.

          The only fight now will be getting long TTP settlements with HMRC, trying to get the interest at a reasonable rate and holding onto any assets (your home) you may have.

          Just an aside I paid on account in full and had my first two years thrown out, nearly 5 years on from handing my money over and 3 years on from them throwing my two years out I have yet to receive a penny back. I suspect I won't get to charge them interest.



          Comment


            Originally posted by GregRickshaw View Post
            Just an aside I paid on account in full and had my first two years thrown out, nearly 5 years on from handing my money over and 3 years on from them throwing my two years out I have yet to receive a penny back. I suspect I won't get to charge them interest.
            This is mind-blowing.

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              https://contractoruk.com/news/forget...ess-altogether

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                Disgraceful. What a shambles.

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                  Originally posted by Hareforthebear View Post

                  Disgraceful. What a shambles.
                  +1

                  It's completely unfair that people have to suffer such distress and uncertainty.

                  Not restricted of course to this matter but there's an inherent unfairness about delayed justice.
                  It really is long overdue that HMRC be required to prosecute within say 12 months or lose the right to do so.

                  And there's no way that they should be allowed to charge interest while delaying proceedings.

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                    Basically, no one is holding HMRC to account, which is bloody outrageous. They are a law unto themselves.

                    They go after the easy prey while studiously ignoring the fraudsters and wideboys because that's too hard.

                    (And I know I've been here for decades, but it's still shocking to repeat this.)
                    "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
                    - Voltaire/Benjamin Franklin/Anne Frank...

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                      My rage and disgust at this knows now bounds.

                      I am appalled at HMRC's behaviour. The callousness and viciousness is beyond the pale. They know what they are doing. My true views would lead to a ban here, but...

                      The DECENT thing would be to halt all interest because of their delay. But they are not decent.

                      I take anti-depressants because of this trauma and now I'm told because they are busy I may have to wait several more years??? They have robbed me of my joy for the past 4.

                      To anybody skulking from HMRC...I wish nothing but equal and fair karmic treatment than that you give to others. Have you no sense of decency, sir? At long last, have you left no sense of decency?

                      Now that is out of my system.

                      I have placed a FOI request to find out some details about the numbers involved in the case, and have also contacted my MP.

                      I suggest if HMRC needs to be held accountable anyone involved should also do the same. I have asked how they can justify the delays, the inaccuarcies and the aggressive attitude to what was not a tax avoidance or evasion scheme.

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