Edge EBT thread

[jbeer]

Settlement

You have until June 30th to contact HMRC to register an interest in the settlement.

https://www.gov.uk/government/public...re-information

The settlement is vague in terms of what you are settling. It is certainly income tax. It might be NIC and IHT.

It seems that HMRC themselves are not sure.

You need to ask when you register an interest as different schemes seem to be getting different answers.

Thanks very much for your reply. Bit of a gamble - at least I have a couple of weeks to ponder.

[bhavvy]

No IHT on Edge Scheme

Several members of Edge have been informed that the scheme is not liable for IHT. I would love them to open up the can of worms for NI for it !

I think you can see fr these boards that not many contractors are taking this lying down. Join a group, it's our best defence !

[EdgyGuy]

PM ACCESS

Hi can i have PM access please - thanks

[administrator]

Hi,

Just joined forum. I was with Edge Consulting until 2008 and just received an APN. Can I have PM access, please?

Thanks

Hmm, received a second APN this morning. Could I please have PM access?

Hi can i have PM access please - thanks

You should all have PM access now.

[SimonJones]

Several members of Edge have been informed that the scheme is not liable for IHT. I would love them to open up the can of worms for NI for it !

I think you can see fr these boards that not many contractors are taking this lying down. Join a group, it's our best defence !

Who has informed that the Edge members are not liable for IHT? According to my understanding Edge is liable for IHT as it used the Trust.

[GymBob]

Repayment Questions

Hi, Apologies if these have already been asked, but I'm new to the thread and although I've had a read through a lot of it couldn't find the answers...

So:

Does any part of Edge / Norla exist to repay the loans to?
If so, would repaying them make any difference to the APN's and the claimed tax liability?
Was there any insurance in the contracts with Edge / Norla / etc. to cover the current HMRC investigation?

Does anyone know, for sure, what, if any, information was passed from Edge / Norla to HMRC about the loan amounts and terms of those loans? (Are they relying on P11D / P60's for their calculations?)

Thanks

GymBob

[benramsay]

IHT & Post Appeal

Can anyone provide detail on what happens post an appeal letter being made to HMRC.

Is the individual case frozen until a court case is heard?

Also, what is IHT

[Dylan]

Can anyone provide detail on what happens post an appeal letter being made to HMRC.

Is the individual case frozen until a court case is heard?

Also, what is IHT

There is no appeal against APN.

Choices seem to be JR with an injunction, ignore it and face the consequences, or pay it.

If you pay I would put money on the money never being seen again.

[DotasScandal]

If you pay I would put money on the money never being seen again.

This.
The above is a near certainty.

And IHT = Inheritance Tax.

[PocketCalculator]

If you pay I would put money on the money never being seen again.

What do you mean by "pay"? Pay the APN, or make a settlement?