HMRC Enquiry letters on Loans from EBT and other schemes

[BrilloPad]

WTT/Big Group are the only game in town. Highly recommended.

At the moment they appear to face an uphill battle. Which is what was said about double taxation 2 years ago. TAA changed all that.....

[jbryce]

Total newbie here. Apols if this has already been covered. With scheme for only 7mths before realising my error and getting out as fast as I can. Looking for expert advice to help me understand options, best strategy and guide me through practicalities. No demands or any unpleasantness yet.

Aware of WTT Consulting. Any opinions? Any others?

WTT excellent, they have a strategy and a large number of members. Small joining and monthly fee.
Best option is one massive group able to negotiate with HMRC to mutual benefit.

[bradfordboy]

Recommendations for advice

Total newbie here. Apols if this has already been covered. With scheme for only 7mths before realising my error and getting out as fast as I can. Looking for expert advice to help me understand options, best strategy and guide me through practicalities. No demands or any unpleasantness yet.

Aware of WTT Consulting. Any opinions? Any others?

[DotasScandal]

Remember as well that HMRC do read these boards. And your post makes it possible for them to identify you.....

This.
You might want to edit your post.
And going forward, you might want to join a private community such as Big Group, where you can discuss with others caught in similar circumstances away from the prying eyes of our friends.

[BrilloPad]

Premier EBT scheme

HMRC will only go after 100%. They will probably look at the larger number - they will try on anything they can.

Remember as well that HMRC do read these boards. And your post makes it possible for them to identify you.....

[bosleyrog]

EBT confusion

Hi Guys, new poster.
I was involved as an employee in a Premier EBT scheme back in 2004. The scheme involved 4 directors, 2 that lived in Spain and 2 in the UK (I am one of those). The other UK director has now been contacted by HMRC and they are looking into the EBT with a view of recovering tax and NI. I have not yet been contacted.
Myself and the other UK director still work together at another company now as the employer company went bump. The 2 directors that resided in Spain had the full cash benefit of their trust
If we engage with HMRC what is the likely outcome?

any help or advice would be really appreciated.

[Defjam]

Posted in error....

[cojak]

It's 6.20am in there in the UK. Asking every 10 minutes isn't going to get your question answered more quickly.

[Real Gone Kid]

Hello, what was the outcome of this please?

The chap I spoke to said appealing is just a matter of writing a letter stating the reasons for the appeal and ensuring you state how much of the additional amount you are appealing against. For me (as I imagine most people) is that it was a loan not a taxable income so I am appealing against the full amount. I have documentation regarding loan agreement and paying it off. I guess it doesn't have to be a long letter.

The more I think about this and re read the letter the more I agree with DonkeyRhubarbs opinion they are just trying it on.

[Real Gone Kid]

What happened in the end?

I've also received the same letter for 08/09. I was with Norla/Edge too but have had no luck contacting them. Would be interested to hear of any contact made and will be following this thread with great interest.