Churchill Knight & Boox clients being investigated as Managed Service Companies

[GregRickshaw]

No further than they have done with the MSC enquiry unless criminal fraud is taking place.

Thanks eek

[DealorNoDeal]

One thing for sure it won't take 10 years to get this one done and dusted

I wouldn't bet on that.

From the point at which an application is made to the FTT, it can take a couple of years to get a hearing, and another year after that to get a decision. And I suspect it is still some way off from an application actually being made. (The wheels at HMRC turn incredibly slowly.)

If the decision of the FTT is appealed to the UT, then that could be another 2-3 years. Then there's the CofA and, in a case like this, I wouldn't be surprised if it went all the way up to the Supreme Court.

So 10 years is definitely not out of the question.

[rdw1970]

Just joined as I've been notified by Boox that I'm caught up in all of this.

Can anyone advise what address HMRC are using for this delightful correspondence? Is it company registered address (which in my case would be the Boox office). Thanks.

I was with Boox and receive the dreaded letter from HMRC on friday. Have not heard anything from Boox directly unlike others on here. Letter was sent to my home address and company name as this has been updated with companies house.

[cojak]

Firstly get the correct firms

Secondly the umbrella firms that were hit all had utterly crap cybersecurity - and what was stolen was the files sat on fileshares on their network (just don't do that).

Finally given your comments about FA and Xero you don't have any understanding of the background here so just shut up before I request the mods ban you for trolling the Enquiry forum (different rules apply here and troublemakers without valid evidence can be banned on request).

Going back to using Excel is not feasible if you choose to go DIY accounting - Freeagent and Xero are software accounting packages that know the current VAT and tax percentages but won’t tell you how much to pay yourself.

And what Eek said.

[GregRickshaw]

I wouldn't bet on that.

From the point at which an application is made to the FTT, it can take a couple of years to get a hearing, and another year after that to get a decision. And I suspect it is still some way off from an application actually being made. (The wheels at HMRC turn incredibly slowly.)

If the decision of the FTT is appealed to the UT, then that could be another 2-3 years. Then there's the CofA and, in a case like this, I wouldn't be surprised if it went all the way up to the Supreme Court.

So 10 years is definitely not out of the question.

Well now I am paying on account and in the process of transferring all the assets I have to my partner, 10 years would bizarrely suit me!

[GregRickshaw]

I was with Boox and receive the dreaded letter from HMRC on friday. Have not heard anything from Boox directly unlike others on here. Letter was sent to my home address and company name as this has been updated with companies house.

Sad times. What you have to do is check the issued date and you have 30 days from there to appeal.

[DealorNoDeal]

Well now I am paying on account and in the process of transferring all the assets I have to my partner, 10 years would bizarrely suit me!

If you're paying on account, why transfer assets to your partner?

Usually people transfer assets in an attempt* to avoid paying them anything.

* I say attempt because it may not work; the administrators in bankruptcy may disregard the transfer and go after the recipient

[GregRickshaw]

If you're paying on account, why transfer assets to your partner?

Usually people transfer assets in an attempt* to avoid paying them anything.

* I say attempt because it may not work; the administrators in bankruptcy may disregard the transfer and go after the recipient

Quite simply, peace of mind because I 100% believe this is not the last we'll see of this kind of stealth IR35 raid.
"You did what with your pension?!".....

Yes it's a risk they could see that as a 'move' but equally I have nothing to lose by doing it

And two if the money on accounts is refunded (ha ha ha ha ha) not sure why I even typed that..... It will be a nice forgotten bonus and I can spend 98% of it on Gambling, booze and women... the rest of it I'll just waste

[Sonic3389]

Hi all, another affected CK user here.

I've read through the whole thread, from what I can see these steps are the best course of action for us - can anyone just greenlight this for me?

1. Submit the appeal (to block acceptance of the determination, pending the tribunal)
2. Do the PoA to prevent the interest building up while we wait for the outcome (can anyone tell me what the interest rate is? what %pa?)
3. Close our CK accounts and move to a FA accountant.

Thanks in advance.

[Sky Rocket]

Forgive my ignorance, I have read through the thread, but how did CK act any differently to any other large contractor accountant, ie SJD. I used SJD for a number of years up to 2020 when I dissolved my limited.

I’m just trying to work out whether I should be concerned or not.

Thanks in advance.