HMRC enquiries for EBT schemes through Kinsella Solutions Ltd

[ChimpMaster]

Hi all, I have received a letter too re Kinsella from HMRC relating to 2006-2007 tax year. It was a settlement letter written on 10th September but I only received it on 19th September and they want an answer by 30th September giving me just 10 days to decide what to do. Is this allowable ? Clearly doesn't give me time to think.

HMRC have stated that they have estimated the amount of the loans and charged me interest accordingly.

I'm also interested to know how other people are doing with their investigations please?

tried to contact Mike Kerridge but his phones just go to voicemail.

Any advise welcome

ADMIN - Can I please have PM ability to message others who might have some further details around this issue, thanks.

Sounds odd - how can HMRC send you a demand for a Self Assessment year more than 7 years back? Or had they previously sent you a letter to open the enquiry?

[RajaStyle]

Sounds odd - how can HMRC send you a demand for a Self Assessment year more than 7 years back? Or had they previously sent you a letter to open the enquiry?

I got a simple letter back in 2010 (I think) that said ' this is a letter to let you know we are looking into you're employment with Kinsella' and then I never heard anything until now 5 years later.

I did inform Kinsella at the time as they were still operational and they sais they were aware a few people had received these letters and instructed all verbally and by blanket email not to worry about it as they are answering all the HMRC questions being asked. In effect they are dealing with it. As went quiet and nothing further happened I assumed it was all dealt with ... idiot I know.

[howmuchtax]

I got a simple letter back in 2010 (I think) that said ' this is a letter to let you know we are looking into you're employment with Kinsella' and then I never heard anything until now 5 years later.

I did inform Kinsella at the time as they were still operational and they sais they were aware a few people had received these letters and instructed all verbally and by blanket email not to worry about it as they are answering all the HMRC questions being asked. In effect they are dealing with it. As went quiet and nothing further happened I assumed it was all dealt with ... idiot I know.

Hi RajaStyle,

I am in the same boat as you, I originally got a letter from HMRC in 2009 stating that they wanted information about my employment with Kinsella. Like you, I didn't reply to HMRC, I forwarded the letter onto Kinsella, who replied with an email basically stating that this is normal, not to worry about it, and they have taken care of it. (I still have this email to refer back to).

Then at the end of August a letter arrives from HMRC, asking for a five figure amount in tax, and guesstimating the loan amounts (which, like a lot of other people on here, are higher than the actual amounts I was loaned). Surely HMRC already have the correct loan amounts from the P11Ds that were sent back to them?

[DotasScandal]

Surely HMRC already have the correct loan amounts from the P11Ds that were sent back to them?

This has been covered elsewhere, but yes, HMRC do have the P11Ds, however they chose to use a model to estimate values instead.
Conveniently, their model results in much higher loan figures than actual. Is the aim to "maximize the amount of tax collected "? You be the judge...

[RajaStyle]

This has been covered elsewhere, but yes, HMRC do have the P11Ds, however they chose to use a model to estimate values instead.
Conveniently, their model results in much higher loan figures than actual. Is the aim to "maximize the amount of tax collected "? You be the judge...

On the anticipation that you didn't keep the records and you will willingly pay up on that basis ?

[DotasScandal]

On the anticipation that you didn't keep the records and you will willingly pay up on that basis ?

Probably the latter. Statistically, about half of recipients do not challenge their APN figures.

[RajaStyle]

Anyway would welcome any advice on how people are dealing with this are they reaching out to Mike Kerridge who was part of this facility originally or just negotiating/fighting/paying themselves ?

[RajaStyle]

couple of link I found, trying to dig around

Kinsella, Keypay and Berwick Associates

HMRC Enquiries for EBT Schemes through Kinsella Solutions Ltd

[DotasScandal]

Anyway would welcome any advice on how people are dealing with this are they reaching out to Mike Kerridge who was part of this facility originally or just negotiating/fighting/paying themselves ?

Many are resisting it.Big Group is a good place to start.

[chubacabra]

Many are resisting it.Big Group is a good place to start.

Yep join Big Group, many of us taking the fight to HMRC