Originally posted by costo
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HMRC Enquiry letters on Loans from EBT and other schemes
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I am very confused about what to do next. 30 days to appeal, so an appeal seems the best next step. I am then thinking, should I get legal advice from a specialist Tax Lawyer, or a specialist Accountant firm who specialise in dealing with tax issues with HMRC. I know Edge, said they took advice from a certain firm of accountants when setting their scheme up, maybe I should speak to that firm. I can just imagine the conversation going the way of 'we here at.....never had discussions with that company, etc etc', and here is a very large invoice for having a chat with us.
I have found my signed contract with Edge Consulting Limited, so it sort of makes sense to get legal advice regarding its validity. Anybody agree, or am I way off with my thinking.Comment
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Originally posted by mrs t View PostI am very confused about what to do next. 30 days to appeal, so an appeal seems the best next step. I am then thinking, should I get legal advice from a specialist Tax Lawyer, or a specialist Accountant firm who specialise in dealing with tax issues with HMRC. I know Edge, said they took advice from a certain firm of accountants when setting their scheme up, maybe I should speak to that firm. I can just imagine the conversation going the way of 'we here at.....never had discussions with that company, etc etc', and here is a very large invoice for having a chat with us.
I have found my signed contract with Edge Consulting Limited, so it sort of makes sense to get legal advice regarding its validity. Anybody agree, or am I way off with my thinking.Comment
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MRS T
I think nobody knows the right way, its new to all of us so take everyones advice and make your own decision (especially regarding using a tax expert) - one thing which EVERYONE agree's on is to get your appeal letter in time, with the correct wording (and lots of templates have been given). We do not know how its going to play out but have to keep a level head about this. I do think it is really important for everyone reading this you're are not alone - whilst right now we may not know each other this is a common cause and for mega high stakes.Comment
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Originally posted by turnoverSorry so is this still under appeal?
Also did you have to write appeal letters?Comment
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Originally posted by costo View PostCall me paranoid...but if I was playing HMRC's hand I would consider playing a few hands to test the opposition,how will we react? will we appeal? on what basis? because if they sent to everyone effected (which by some estimations is LOT of people) and everyone appealed at the same time they would surely not have the manpower to "reply" to the appeals?Comment
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Costco
Agreed, we are all in the same boat and hopefully there are more posts this coming week regarding this nightmare.
Administrator could you please change my settings so I can post personal messages....thanksComment
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I've asked Admin for PM rights guys."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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varunksinghvarunksingh
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I see Slim chances for HMRC to win and Happy to be with Cascade
Originally posted by Snow View PostAs far as I know it's still flagged for investigation, last notice was about 3 years ago. I didn't have to do anything, the lawyers handled it all, they were premier strategies via dms.
Any cascade contractor who is away from London and want me to ask any question in person then let me know.
I strongly feel we have a shot here
1) HMRC has lost cases against EBTs - extra, Sempra and Rangers. PA holding lost but were not using loans. JP Morgan also seems to be using Bonus and thus seems to be settling with HMRC
2) Why did HMRC did not raised this near the time of Tax returns when these schemes were already registered with HMRC
I for one will be bankrupt if this goes against me. But if HMRC lost it and I am also going to press charges for extreme stress. Seems like our life's and our families lifes have come to standstill.
varunComment
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