Originally posted by ramzanamin
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Edge EBT thread
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Originally posted by DonkeyRhubarb View PostCan someone else respond as I'm not involved with Edge or any other ebt/loan schemes.
The appeal letter seems to crop up all the time so it would be worth having it in an easy place to find.Comment
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Originally posted by TheDandy View PostComment
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Originally posted by ramzanamin View PostThanks - however in my letter i have been requested to outline why i think their decision is wrong, so am assuming they are looking for more than just an appeal letter - has anyone else had this request and if so is there a letter template which meets this requirement?
This is why I strongly urge you all to club together and appoint a professional adviser. On your own you are sitting ducks.
I have no axe to grind but Saleos seems to be making the right noises. The other one I ain't so convinced about.Comment
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Originally posted by Michael J Perry FCA View PostI have been dealing with HMRC investigations for contractors that were employed by Edge going back to 2004/05. These enquiries commenced as far back as January 2009.
There was a further spate of new enquiries for 2010/11 in November last year but all years of employment are likely to be reviewed by HMRC.
The latest development of 2008/09 assessments (which may not be valid in law) are a sweeping up operation for Edge and many other schemes.
I am dealing with more than 20 cases on Edge and another 70 on other schemes. Many have been ongoing for some years.
Although not widely known there was an EBT Settlement Opportunity and then an update and this should be checked out on the HMRC website. There is also a list of FAQ's and the parts relating to 'employees' are relevant.
Further, a read of HMRC's Litigation and Settlement Strategy will give an indication of why these current actions are being taken.
HMRC do tend to take a predictable path and it remains to be seen what their next move will be after these latest assessments. I suspect it will be a Tax Return Compliance Check notice for each individual concerned.
I received a letter from HMRC and have been requested to outline why i think their decision is wrong (they sent what looks like a compliance check letter), so am assuming they are looking for more than just an appeal letter here - is there a letter template which meets this requirement? Just want to get a response back in the first instance to meet the 30 day deadline
ThanksComment
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Got my reply from HMRC yesterday
Originally posted by K12AN View PostHas anyone heard back from the HMRC yet after the latest appeals?Comment
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Just wondering, as Hmrc are demanding previous year income taxes, can we contribute our salary into pension for the that year in question. If Hmrc can go back to 2008/2009 to reclaim tax than why can't we contribute fully to the pension for that year! This way at least the liability in converted into pension.Last edited by SimonJones; 14 December 2013, 19:14.Comment
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Loans to Income To Pension
Originally posted by SimonJones View PostJust wondering, as Hmrc are demanding previous year income taxes, can we contribute our salary into pension for the that year in question. If Hmrc can go back to 2008/2009 to reclaim tax than why can't we contribute fully to the pension for that year! This way at least the liability in converted into pension.Comment
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Originally posted by Ron Swanson View PostCertainly a potential negotiation stance - one for the specialists and experts as and when negotiations start with HMRC!!!
I think some people need lessons in coffee smelling. The way out of this is unlikely to be simple.Blog? What blog...?Comment
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Originally posted by ramzanamin View PostThanks - however in my letter i have been requested to outline why i think their decision is wrong, so am assuming they are looking for more than just an appeal letter - has anyone else had this request and if so is there a letter template which meets this requirement?
If HMRC will get a weak response they will move forward quickly. Look how they took Boyle to FTT and must have know he did not had good representation. Fragments and non-professional handling on these issues will be bad for all. PM me or write here if you need any help. I am not with Edge but used another schemeComment
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