EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS

[bandemelbs]

I guess they would benefit, since we're told they share the same SRN. Therefore that would be the same scheme?

So if they share the same SRN / DOTAS number does that mean the JR proceedings cover both ASIOM and Penfolds?

[DotasScandal]

So if they share the same SRN / DOTAS number does that mean the JR proceedings cover both ASIOM and Penfolds?

No. JR is a different matter entirely. There is no JR for ASIOM as far as we know.

[neil99]

No. JR is a different matter entirely. There is no JR for ASIOM as far as we know.

Correct. ASIOM users (like me) will just to pay up.

There's very little chance of challenging the 'no enquiry letter received' unless HMRC can't furnish a copy of said letter.

If you need expert help checking your APN figures and getting HMRC to correct them then Big Group have a service for a reasonable fee. If you need time to pay, then talk to an advisor.

[neil99]

Hi

I was originally with ASIOM and then subsequently Penfolds and Hamiltons. I've been following the updates for the latter two but in my naivety, didn't realise that ASIOM is outside of their action. So when I got my APN for ASIOM this morning and looked up what to do, I drew a blank. I've dropped an email thru to find out what to do next. All a bit scary, it's a big number that HMRC are asking for.

Is everyone who was with Penfolds / Hamiltons aware of the Update Website and the Action Groups?

Yes. But for ASIOM we'll just have to pay up after challenging the APN figures as needs be.

[neil99]

Whats the best email address for Optimus? Thanks

Optimus Fiduciaries Limited

On the website.

But what do you want form them ?

They will need at least 250 and up to 2500 for a copy of all your loan correspondence. Whether that's good enough for HMRC I don't know.

As for getting loans written off, there are tax implications that need to be thought out - and that scenario arises if you take up the bad settlement opportunity.

[Confused99]

ASIOM - confused re JR and Hamilton/Penfolds

No. JR is a different matter entirely. There is no JR for ASIOM as far as we know.

Hi there,
I'm also new and have read the conversation threads.

With ASIOM, you say we have to pay. Do you mean pay the APN and await the tribunal or, pay Settlement to HMRC.?

What is the difference between JR and the Tribunal case with Penfolds/Hamilton such that ASIOM is left out?

Thanks, I'm sure my questions very lame.

[StoneCold]

Optimus Fiduciaries Limited

On the website.

But what do you want form them ?

They will need at least 250 and up to 2500 for a copy of all your loan correspondence. Whether that's good enough for HMRC I don't know.

As for getting loans written off, there are tax implications that need to be thought out - and that scenario arises if you take up the bad settlement opportunity.

I was looking to get copies of my loan correspondence to check against APN for 05/06 for ASIOM. Can't get bank statements back that far so don't know what other options there are?

[neil99]

I was looking to get copies of my loan correspondence to check against APN for 05/06 for ASIOM. Can't get bank statements back that far so don't know what other options there are?

See if you can find a P11D ? If not then it might be a good idea to contact Optimus. But before you do that speak to HMRC to see if they what kind of 'proof' they will need.

I'd recommend using the Big Group APN checking service to get some advice on how to proceed.

[neil99]

Hi there,
I'm also new and have read the conversation threads.

With ASIOM, you say we have to pay. Do you mean pay the APN and await the tribunal or, pay Settlement to HMRC.?

What is the difference between JR and the Tribunal case with Penfolds/Hamilton such that ASIOM is left out?

Thanks, I'm sure my questions very lame.

No they are not lame. There's a huge amount of reading to do to get your head round everything. Here's a summary of the options you have available to you. (Caveat - I am a member of Big Group)

Three options

a) pay APN and wait years for the Penfolds litigation to work it's way through the tax tribunal system (First, Upper and subsequent appeals). The outcome of the Penfolds litigation will have direct bearing on ASIOM users. They are effectively the same scheme. The same people at HMRC are dealing with both schemes. IF Penfolds win their case then there will be no tax demands for ASIOM users and APNs should be refunded. This will takes at least 5 years to grind through the system.

b) pay CLSO - but it may be too late for that as the offer closed end of July. Bearing in mind the CLSO is deemed not to be a very fair or comprehensive settlement by some advisors. But I'd speak to the Settlement Office and see what they have to say. Showing willingness in trying to reach a settlement with HMRC via this route is recommended by tax advisors I've spoken to.

c) Pay APN and Join Big Group. The we have a wait to see HMRC are willing to negotiate and offer a better settlement en-masses with all BG members. This is by no means guaranteed but is another approach that many of us here are taking.,

Option c) will be a good bet if HMRC finally loose rangers case and some of the other EBT litigation they are engaged in with UBS and other parties.

Speak to Big Group if you need some help getting your APN figures checked. Or if you have a local tax advisor have a chat with them.

[StoneCold]

See if you can find a P11D ? If not then it might be a good idea to contact Optimus. But before you do that speak to HMRC to see if they what kind of 'proof' they will need.

I'd recommend using the Big Group APN checking service to get some advice on how to proceed.

Thanks - yes definitely am going to use Big Group for the APN check