HMRC enquiries for EBT schemes through SANZAR

[tantitan]

Sanzar EBT

OK so I have just received a letter from HMRC asking for a LOT of money for year ending 5th april 2010 and 5th april 2011.

Have been in touch with Cobham and they have explained that they don t deal with Sanzar clients anymore. Has any one had this? And who do I turn to! Help!

This thread is for those who have recently received a Discovery Asessement from HMRC for loans made via an EBT in 2008/9 using Sanzar Partnership.

If you have received this notice and are/were part of Sanzar please comment on this thread as we would like to support each other.

It is likely there are going to be ones for other tax years soon. Sanzar Partnership changed to Sanzar Solutions for the 2009/10 tax year, but I am not sure if that changed again as I left in 2009/10.

I would suggest reading the main thread on this issue if you haven't already done so.

Please bare in mind that HMRC (and a certain Miss L J Stopp whom I received the letter from) will be watching..

[MrO666]

To anybody who's been hit for 09-10 and 10-11 assessments, did they come together or as separate letters at different times ?

[tantitan]

Sanzar 2010 - 2011 letters received

Hi I m new and have received these dreaded letters, this morning One letter with two statements, one for year ending 5th april 2010 and another for year ending 5th april 2011

[tantitan]

PM access please

Hi can I get access to PM please - just joined the Sanzar boat

<Admin note - pm should now be enabled />

[MrO666]

Hi can I get access to PM please - just joined the Sanzar boat

<Admin note - pm should now be enabled />

Were you an 08-09 user too ?

Were the figures on your assessments anywhere near accurate ?

[mellowman]

Where to go

So received the letter yesterday - anyone got standard wording for an appeal letter?

[tantitan]

I was not on the scheme 08-09 and I have no idea if they are accurate - need to get an accountant to look through them! Are you guys using an independent tax advisor or using a fund for Sanzar? I am in complete shock since yesterday!

[tantitan]

Employee Benefit Trusts and HMRC&#39;s &#39;Settlement Opportunity | KPMG | UK

[MrO666]

I was not on the scheme 08-09 and I have no idea if they are accurate - need to get an accountant to look through them! Are you guys using an independent tax advisor or using a fund for Sanzar? I am in complete shock since yesterday!

You should know by your P60 whether the figures which HMRC are talking about are accurate (I've yet to find one that was).

[fca]

Make early repayment of the Loans , as per the loan agreements, early repayment is allowed. So if you repay the loans at an amount each month then how can the HMRC claim these are not Loans thus being taxable. I always knew these were Loans and repayable as stated in the Loan Agreements. Sanzar was not an EBT!

HMRC were notified of the amounts of the loans via the P11ds and the fact that the loans were discharged, so they have a good idea of the amounts involved.

From memory, according to Sanzars the scheme worked because of the double taxation agreement between the IOM and the UK, which thier tax barister said made the discharge not taxable.