HMRC have all the time in world to come back to you on this.
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
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varunksinghvarunksingh
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
I also received an HMRC letter this weekend regarding my membership of this scheme 2005-2007, encouraging me to settle.
HMRC first wrote to me in January 2008, telling me they were investigating my 2005-2006 tax return because of the use of this scheme. When I phoned them, they said I could settle, but as they weren't sure whether or when they would investigate the scheme, I left it. Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS/ Tenon told me verbally it would be fine.
I am unsure how to proceed. I would be very happy to try and help set up a group to fight this if it's worth fighting. At the very least, if I could be pointed in the direction of good advice I would be very grateful.....
I assume I may as well frighten myself with the correct figure, by filling a DO3 form?Comment
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Originally posted by Suet View PostI also received an HMRC letter this weekend regarding my membership of this scheme 2005-2007, encouraging me to settle.
HMRC first wrote to me in January 2008, telling me they were investigating my 2005-2006 tax return because of the use of this scheme. When I phoned them, they said I could settle, but as they weren't sure whether or when they would investigate the scheme, I left it. Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS/ Tenon told me verbally it would be fine.
I am unsure how to proceed. I would be very happy to try and help set up a group to fight this if it's worth fighting. At the very least, if I could be pointed in the direction of good advice I would be very grateful.....
I assume I may as well frighten myself with the correct figure, by filling a DO3 form?Comment
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er hold up didn't hmrc just lose the glasgow rangers case?
Hi
Didn't hmrc just lose the glasgow rangers case where they defined in english law that an ebt is a loan and not taxable... surely that must count for something right?
Doesn't anyone else feel these tax settlement letters seem like a desperate attempt to instill panic and get everyone to pay up without a fight - they can't take everyone who's been on an ebt to court.
what we all need is some moral support from the likes of david cameron and georgey osborne - are we forgetting those pair have a history of offshore schemes and making a damn site more money out of them than probably all of us put together - David Cameron's family fortune 'made through tax-dodging offshore investment funds' | Mail Online
I had a look at the boyle case notes and that was a very complicated scheme (complicated to me anyway) involving some very tricky manipulation of currencies, not what I would expect from a normal run of the mill ebt scheme.
It's just psychological games to them and remember when you're sitting in your hot tub smoking a cigar or driving your range rover most of the hmrc accountants live in sh1ty houses and haven't got a pot to p..ss in!
This was an interesting read - possibly maybe almost certainly biased but interesting Offshore Umbrella Companies for UK Contractors | Isle of Man guideComment
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Tenon
Does anyone else want to get together on this, and come up with a strategy for challenging Tenon, who helped run it?Comment
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Assignment Solutions IOM
PM rights please?
I used this scheme and would be interested if anyone wants to form a group to challenge HMRC's actions or Tenon who administered the scheme.Comment
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Originally posted by Suet View PostPM rights please?
I used this scheme and would be interested if anyone wants to form a group to challenge HMRC's actions or Tenon who administered the scheme."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...Comment
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C03
Originally posted by Boobetty View PostWhy bother with the D03? If you know what you got as loans apply about 37% for tax and add 3% a year for interest and you'll be close.
Can I ask how you come to the 37% figure ? if this just for all loans in one tax year ?
Cheers,Comment
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Originally posted by chobecat View PostHi Boobetty,
Can I ask how you come to the 37% figure ? if this just for all loans in one tax year ?
Cheers,
Cheers,Comment
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