Churchill Knight & Boox clients being investigated as Managed Service Companies

[Anvipa]

I meant to say they were not willing to contribute further. Obviously, everyone is entitled to their opinion. And if you trust them, this is your prerogative. The purpose of the forthcoming tribunal is to establish if CK is an MSCP rather than reviewing individual companies cases. If CK is acknowledged as an MSCP, their business will be finished. They of course can then wind down their business under the trade name CK, and start a new one, but it's a different story.
IN answer to the question regarding my expectations -well, I certainly didn't expect to be part of this mess. I paid CK high fees to do some basic bookkeeping for me. I could have done it myself, but working 12-14 hours a day, I just wanted to delegate some basics. I really regret it now, but it's too late

[GregRickshaw]

The purpose of the tribunal will be to see if your company is an MSC not if CK is an MSCP, remember the MSC charge is on your company not CK. This is what we go to court for.

CK are trying to clear their own name with their own fight (which will cost them money), they also seem to be working on preparing cases for tribunal (5 have been mentioned).

No one expected to be part of this mess but sadly here we are and it sounds like you had a vanilla bookkeeping service like many of us.

[Anvipa]

Thank you, I remember well that my ltd has been issued a determination notice. This wouldn't have happened if HMRC was of the opinion CK were providing as you call it 'vanilla bookeeping services '. I have absolutely no knowledge of the 5 companies who are/will be selected to represent the overall population of CK's clients. If a decision is reached regarding CK's status as an MSCP, so be it. It will then be 1-2-1 communication between HMRC and I without CK being a middle man to look at my company circumstances

[GregRickshaw]

Ok but you seemed to think the fight in tribunal was between CK and HMRC

If CK can satisfy HMRC before tribunal they were not the P in all of this then all cases collapse, there will be no further 1-2-1 with you and HMRC

[eek]

Ok but you seemed to think the fight in tribunal was between CK and HMRC

If CK can satisfy HMRC before tribunal they were not the P in all of this then all cases collapse, there will be no further 1-2-1 with you and HMRC

And if CK don’t satisfy HMRC you will have a very hard job convincing them you weren’t a MSC.

[Anvipa]

Agreed, obviously it would be great if HMRC's stance is completely overruled in court. However, if it goes otherwise there will be 1-2-1 with HMRC to provide evidence of how financial decisions were made and where the funds were distributed to.

[Anvipa]

I wouldn't have to convince HMRC of anything. Once a conclusion is reached, then it would be down to reviewing individual ltd's financials. Not as a high view, but detailed circumstances. Hope to finish this communication thread now, it's late, and I wish everyone a good evening

[eek]

I wouldn't have to convince HMRC of anything. Once a conclusion is reached, then it would be down to reviewing individual ltd's financials. Not as a high view, but detailed circumstances. Hope to finish this communication thread now, it's late, and I wish everyone a good evening

No it won’t.

HMRC would calculate the bill and transfer any part that the company can’t pay to you personally.

[DealorNoDeal]

If CK can satisfy HMRC before tribunal they were not the P...

Knowing how blinkered HMRC are, I expect they're just going through the motions of listening to CK's arguments. I'd put money on it that they've already decided this is going to tribunal, and there's nothing CK can advance that would convince them to do otherwise.

The best hope you've got is a very strong defence of the 5 test cases. HMRC will put up a formidable team: top tax QCs + juniors + solicitors. CK need a legal team who can compete with this.

Don't go in outgunned like Hoey!!!

https://www.accountingweb.co.uk/tax/...-case-pays-off

"This case, which was the lead case for a number of follower taxpayers, is notable for the apparent importance placed by HMRC on winning at any cost – the hearing involved the engagement of no fewer than two QCs and three junior counsel to plead HMRC’s position. Rory Mullan QC, appearing alone for Hoey, must have felt quite outnumbered!"

[Anvipa]

Thank you, I am aware of how how the transfer of liability works. Thanks again for an exciting conversation and enjoy your evening