Originally posted by taxed
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Yes these schemes were deemed legal for a while, but definitely many of the avoidance schemes had been overturned by HMRC and by the time you seemingly signed up! A quick Google search will reveal so much more about EBTs/Loan Schemes etc., however at every tribunal HMRC have eventually won.
You can't worry about your head in the sand colleagues now.
I am not sure about this but I would have thought a scheme entered into after the LoanCharge Act will mean you have no way to settle, the options we had way back when was either settle or face the LoanCharge act, I know many are still fighting but their lives seem utterly miserable because of it, again a quick Twitter search of APPG will show you what some are going through (or hamming up you can decide).
Get professional help as soon as you can, because although we have been through this I had professional help all the way.
It's a horrible time, with lots of headless chicken mode to go through, but you have this forum to help you through this with support, you'll quickly work out the good advisors on here. Remember though this is only money and life is more important.
Still no name of the Umbrella? Fair enough.
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