AM Limited COP8 HMRC Investigation Letter..

[ads1980]

Getting TTP means I will begin paying something, whereas JR means I have potential 15% penalty too. Ultimately the APN is law and HMRC want payment, its AML v HMRC in FTT that is the only solution. I think "Big Group" approach is the way to go, can HMRC be brought to the negotiating table is key to beginning to bring closure to this miserable situation imo.

If you don't mind me asking, how much are HMRC saying you owe them (roughly) and what period would you be looking to pay over? I just wonder if it is worth me asking for TTP as well as joining the JR with AML because I could also be paying something back with the hope that HMRC are defeated along the way?

[DonkeyRhubarb]

Is there any use in asking HMRC for TTP and also joining AMLs JR? I was just wondering if this gets you covered in both sides of the table?

Only if you believe AML's JR can overturn the APNs. On the other hand, what's £250 if you owe £tens of thousands?

I've had discussions with people, who are considering joining NTRT, who quibble over £300 even though their potential liability is around £200,000.

Even when I point out that they are clocking up £500/month* in interest, they still quibble about the £300.

Unbelievable!

* £200,000 x 3% / 12

[ads1980]

Only if you believe AML's JR can overturn the APNs. On the other hand, what's £250 if you owe £tens of thousands?

I've had discussions with people, who are considering joining NTRT, who quibble over £300 even though their potential liability is around £200,000.

Even when I point out that they are clocking up £500/month* in interest, they still quibble about the £300.

Unbelievable!

* £200,000 x 3% / 12

Yeah that's crazy! I guess where I am coming from is this... I have already joined AMLs JR but would it also be worthwhile for me to agree TTP with HMRC?

[DonkeyRhubarb]

Yeah that's crazy! I guess where I am coming from is this... I have already joined AMLs JR but would it also be worthwhile for me to agree TTP with HMRC?

If you can, yes. Otherwise you could be at risk of penalties.

Are AML warning people that the JR may not prevent penalties?

[ads1980]

If you can, yes. Otherwise you could be at risk of penalties.

Are AML warning people that the JR may not prevent penalties?

No they haven't. They've gone quiet again as I imagine they are snowed under processing all the applications of people joint their JR. I hate speaking to HMRC but what is the general rule of thumb for requesting TTP? I can't afford to pay in the 90 days. I have no assests and will not contemplate taking out a bank loan (I doubt any back would offer this anyway). So if I write down I will pay them £200 per month for example, what am I expecting them to come back with? When it is asking if I have any other payment arrangements in place, is this referring to HMRC or general day to day living (credit cards, rent etc)

[DonkeyRhubarb]

No they haven't. They've gone quiet again as I imagine they are snowed under processing all the applications of people joint their JR. I hate speaking to HMRC but what is the general rule of thumb for requesting TTP? I can't afford to pay in the 90 days. I have no assests and will not contemplate taking out a bank loan (I doubt any back would offer this anyway). So if I write down I will pay them £200 per month for example, what am I expecting them to come back with? When it is asking if I have any other payment arrangements in place, is this referring to HMRC or general day to day living (credit cards, rent etc)

TTP is outside my area of knowledge.

I did hear a rumour that the maximum TTP was 2 years but don't know if that's true or not, or if there is more flexibility. With APNs, this is all unchartered territory.

[regron]

ads180, I am in the same boat as you. I have joined the AML JR but am unable to pay APN without TTP. I just saw it as £250 being a small amount to pay when you look at the so called liable figures involved, to ensure I have all possible angles covered.

[ads1980]

ads180, I am in the same boat as you. I have joined the AML JR but am unable to pay APN without TTP. I just saw it as £250 being a small amount to pay when you look at the so called liable figures involved, to ensure I have all possible angles covered.

So have you already spoken to HMRC about TTP?

[regron]

So have you already spoken to HMRC about TTP?

No, as I haven't received my APN yet. I am in the process of collating all my paperwork together so I am ready to make representation against the APN should I think the figures are incorrect. All I can base it on at the moment is my DA amounts.
However, I am of the understanding that you can't join a JR unless you have received an APN, so it looks like AML are just rallying the troops and adding people to the JR as and when the APN arrives.
What I am contemplating now though is calling HMRC and asking for a settlement figure in response to the SO letter, if only to clog up the system some more !!

[ads1980]

No, as I haven't received my APN yet. I am in the process of collating all my paperwork together so I am ready to make representation against the APN should I think the figures are incorrect. All I can base it on at the moment is my DA amounts.
However, I am of the understanding that you can't join a JR unless you have received an APN, so it looks like AML are just rallying the troops and adding people to the JR as and when the APN arrives.
What I am contemplating now though is calling HMRC and asking for a settlement figure in response to the SO letter, if only to clog up the system some more !!

I think AML will add you to the JR without having your APN yet. I asked HMRC for a settlement letter in January. It arrived in April AFTER my APN but the amounts were the same.