Edge EBT thread

[neil99]

I've read every single post here, and it seems like everyone else has had either a discovery notice or investigation letter. I have had only 1 letter that they were looking into my 06/07 return (this was YEARS ago), yet they are sending me an APN for 06/07 and 07/08 in a few weeks.

I've sent them a generic letter asking for a calculation but had no response. Do I need to engage by sending them a copy of their template (from the HMRC website) with all my loan figures on it? Seems like a daft thing to do, to volunteer info.
Or am I disadvantaging myself by not doing this before the end of June?

IT took almost 3 months to get a reply to my letter to the contractor settlement line. I've swapped a couple of letters since with them to challenge one set of numbers and ask for copies any enquiry notices they have sent.

HMRC will have your returns and possibly your P11D. I'd give them the figures you have. If you have your P11D etc all the better. You could send in a copy.

If you join Big Group there there's a offer to have BG find out from HMRC if you have any other "open" (enquiry) years. And also info on how to deal with APNs when they arrive - for example if the figures they have are wrong.

[webberg]

What kind of letter was that? do you have it?
Are you sure it was not an inquiry notice?

If that's not what it was, then wait for the APN to come, and challenge it on the grounds that the year is not open and therefore the APN is invalid (if they say there is an open inquiry, demand they send you audited proof of this)

In the meantime, do yourself a favor, and join Big Group if you haven't already.

That sort of thing is what BG is for.

[DotasScandal]

I have had only 1 letter that they were looking into my 06/07 return (this was YEARS ago)

What kind of letter was that? do you have it?
Are you sure it was not an inquiry notice?

If that's not what it was, then wait for the APN to come, and challenge it on the grounds that the year is not open and therefore the APN is invalid (if they say there is an open inquiry, demand they send you audited proof of this)

In the meantime, do yourself a favor, and join Big Group if you haven't already.

[bstar1]

1 year limit for Section 9A, 4 year limit for Section 29 - so looks like your in the clear for 2007/08

What about the 2006 / 07

[parallelmonogamist]

I've read every single post here, and it seems like everyone else has had either a discovery notice or investigation letter. I have had only 1 letter that they were looking into my 06/07 return (this was YEARS ago), yet they are sending me an APN for 06/07 and 07/08 in a few weeks.

I've sent them a generic letter asking for a calculation but had no response. Do I need to engage by sending them a copy of their template (from the HMRC website) with all my loan figures on it? Seems like a daft thing to do, to volunteer info.
Or am I disadvantaging myself by not doing this before the end of June?

[gettingangry]

I just received the HMRC letter saying I'm shortly getting an APN for my 2006/2007 Year. Never even had a notice of assessment for that year so have no idea how much I supposedly owe.

I was also on the Edge scheme for the following year (2007/2008) but HMRC never issued any form of discovery on that. Are HRMC allowed to open up an enquiry now for 2007/2008 because it was a continuation of the Edge scheme they were investigating in 06/07 or is it too late for them to do anything about 2007/2008?

1 year limit for Section 9A, 4 year limit for Section 29 - so looks like your in the clear for 2007/08

[Tiger22]

I just received the HMRC letter saying I'm shortly getting an APN for my 2006/2007 Year. Never even had a notice of assessment for that year so have no idea how much I supposedly owe.

I was also on the Edge scheme for the following year (2007/2008) but HMRC never issued any form of discovery on that. Are HRMC allowed to open up an enquiry now for 2007/2008 because it was a continuation of the Edge scheme they were investigating in 06/07 or is it too late for them to do anything about 2007/2008?

[bstar1]

hello all, i was following this thread a few months ago but have had limited internet access since. Is there any free advice available for former edge users? i expect to receive the accelerated payment notice shortlyin the next 1-6 weeks. it's looking like bankruptcy for me so wouldn't be able to pay to join a group or anything. thanks

your here

[grumble]

hello all, i was following this thread a few months ago but have had limited internet access since. Is there any free advice available for former edge users? i expect to receive the accelerated payment notice shortlyin the next 1-6 weeks. it's looking like bankruptcy for me so wouldn't be able to pay to join a group or anything. thanks

[gettingangry]

This is not correct. Working on the above figures, if your total loan was 65K after your salary of 10K, than the total tax will be applied on 65K (ie 15K BIK + 50K other income).

Basically, they included tax BIK on both sides, but it the difference between the left and right you are paying, meaning it would take into account the tax you paid on BIK on the LHS, but the only difference is, on the RHS you pay at higher tax.

However, if this has happen in your case than this incorrect, but lucky and would keep quiet!

The benefit in kind is a figure based on the benefit of have zero % loan. It's not actual income.
So the 15,000 BiK is because of the loan. They then turn round and say it's not a loan, it's income. If it's not a loan there can be no BiK.
Therefore, it can't reappear on the re-assessment. My example is 10K income and 50K loan.
In the example - the re-assessment was taxing me on £75K - I only earned £60K.