Originally posted by webberg
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
HMRC Enquiry letters on Loans from EBT and other schemes
Collapse
X
Collapse
-
-
Originally posted by stonehenge View PostTo be fair, many promoters gave a written undertaking to defend the scheme against an HMRC investigation. This, coupled with the QC opinion, was what suckered many of us in.
I was speaking to someone who was STILL on a loan scheme and he told me straight face that the accountant told him that if they lose in litigation that he will get ALL of his money back paid in fees. It didn't matter of course that the scheme promoter was in Mauritius..Comment
-
Originally posted by difficulttimes View Post+ 1
I was speaking to someone who was STILL on a loan scheme and he told me straight face that the accountant told him that if they lose in litigation that he will get ALL of his money back paid in fees. It didn't matter of course that the scheme promoter was in Mauritius..Comment
-
Originally posted by stonehenge View PostTo be fair, many promoters gave a written undertaking to defend the scheme against an HMRC investigation. This, coupled with the QC opinion, was what suckered many of us in.
That is in their interest and only incidentally in yours.
But now, we all know better, don't we?Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
-
TRM/Redding/Cherrylon scheme
Hi everyone,
I was with TRM/Redding/Cherrylon for 4 years before leaving the UK for AUS permanently at the end of 09.
I myself have been round the houses and have spoken to most of the advisers on this forum and HMRC directly regarding CLSO and next steps.
Is there anyone else that I can PM directly to gain and share advice / information gleaned to date? I'd like to understand from others in a similar situation what strategy options are being considered.
Please PM me direct if you prefer.
ThanksComment
-
Originally posted by MinHeadRoom View PostHi everyone,
I was with TRM/Redding/Cherrylon for 4 years before leaving the UK for AUS permanently at the end of 09.
I myself have been round the houses and have spoken to most of the advisers on this forum and HMRC directly regarding CLSO and next steps.
Is there anyone else that I can PM directly to gain and share advice / information gleaned to date? I'd like to understand from others in a similar situation what strategy options are being considered.
Please PM me direct if you prefer.
ThanksComment
-
-
Ok so new to posting here. I used the AML scheme (DOTAS registered) and then another scheme with Helix Projects (not DOTAS registered) over 5 years. My wife used the Helix scheme for 1 year (over 2 tax years). We have obviously had the compliance letters, etc. and responded to all of them, but we received these quite late, 1st one just over a year ago so essentially when I was already in too deep.
Obviously not being the brightest spark, otherwise I wouldn't have ever used this schemes and for so long, I really am not up to speed with everything that is going on, I knew nothing about the LC19 or CLS02 let alone CLS01 until I found this forum as haven't been notified of these by HMRC.
So the situation as I see it is that I have anything up to £500k loans, my wife £50k. Seems sensible that we arrange to settle for my wife asap as we have funds to cover this, but for me I have absolutely no way of paying the impending tax bill whether it is via CLS02 or LC19.
Read up on Big Group, etc. but if I am essentially facing bankruptcy is there any point in joining, when the reality is what I need is bankruptcy advice and support and not tax advise and support? I don't see much on here about this, but it seems obvious to me that this is a likely outcome for a lot usComment
-
Looking at it another way, if you're facing bankruptcy you've got nothing to lose by joining Big Group.Comment
-
Originally posted by MyxALot View PostLooking at it another way, if you're facing bankruptcy you've got nothing to lose by joining Big Group.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment