HMRC Enquiry letters on Loans from EBT and other schemes

[mulberryblue]

Guidelines / letter from Edge

Yes, I took their advice and had them check the letter before I sent it.

I never received a letter from Edge consulting - is anyone able to forward this to be by pm so that I can see how I should respond. Many thanks

[LandRover]

Isn't HMRC on to a non-starter?

I ask as surely these schemes were registered through DOTAS and so well known to HMRC...

PLC - Discovery assessment blocked by inclusion of DOTAS SRN number and information provided in tax return (Upper Tribunal)

The Upper Tribunal determined that the inclusion of the DOTAS SRN number and other information in the taxpayers' tax returns prevented HMRC from making a discovery assessment because an officer could reasonably have been expected from that information to have been aware of the tax understatement. The Upper Tribunal also considered the meaning of "discovery" and the qualities of the hypothetical officer. (HMRC v Charlton, Corfield & another [2012] UKFTT 770 (TCC).)

[DonkeyRhubarb]

I'm speaking within the context of this thread, DR. But you are of course right (I'm making an assumption that everyone around here knows the meaning of the phrase 'due diligence' )

Due diligence is not always that easy.

One person I know approached a respected firm of tax advisors who were confident that they could negotiate a deal with HMRC.

She ended up £2000 worse off for nothing.

[cojak]

I am in the same position as you. I received the letters regarding 10/11 at the end of last year, and replied to those. Today I received a letter regarding 2008/9 and there assessment of unpaid tax due in 30 days. I left the scheme in January 2011 when the law changed. But not sure what to do - as I understood from Edge the EBT was an approved arrangement. Any advice appreciated.

I never received a letter from Edge consulting - is anyone able to forward this to be by pm so that I can see how I should respond. Many thanks

Go back to Edge and speak to them mulberryblue

http://forums.contractoruk.com/accou...ml#post1699023

[aexport]

Lack of scheme information in Self Assessment

After speaking to my scheme provider it would appear from what they have said that the discovery letters have been sent due to either DOTAS reference or additional disclosure information not being present in the Self Assessment return for 2008/09.

More to follow ....

[Chods]

After speaking to my scheme provider it would appear from what they have said that the discovery letters have been sent due to either DOTAS reference or additional disclosure information not being present in the Self Assessment return for 2008/09.

More to follow ....

Who was your provider aexport?

[Chods]

Who was your provider aexport?

TRM didnt have SRN during that year.

[Michael J Perry FCA]

Appeal template

I can provide a correct template to reply to HMRC for anyone that just wants to get the appeal right and decide what to do later.

[DonkeyRhubarb]

I can provide a correct template to reply to HMRC for anyone that just wants to get the appeal right and decide what to do later.

That's a kind offer.

The main priority at the moment is for people to get their appeals in.

HMRC will be inundated and it could be weeks/months before people hear from them again, which gives plenty of time to review options.

[Vallah]

After speaking to my scheme provider it would appear from what they have said that the discovery letters have been sent due to either DOTAS reference or additional disclosure information not being present in the Self Assessment return for 2008/09.

More to follow ....

That might be true in their case, but not in the majority of cases.