HMRC enquiries for Schemes through ASMG / White Collar

[webberg]

Hi,

Yes your description sounds like the description I was given. That it was the nominal interest as BIK. Does this make sense? Could it be misleading?

WC said it happened to a few people.

It seems like its the calculation that companies complete to work out the "cash equivalent".

https://www.gov.uk/government/upload...WS4__2015_.pdf

Does it make sense = yes.
Could it be misleading = yes.

The return should have been supported by a form called a P11D that the employer was obliged to submit that details the loan amounts. Only by putting the two together can HMRC get the full picture.

It would not surprise me in the slightest if HMRC alleged that your return was deliberately concealing information. making that allegation stick would be more difficult.

[Romano]

There are a group of people who have paid money to seek professional advice. At this stage its decision time so people will either settle or join big group. It's unlikely you'd get access now like the rest have done without shelling out and tbh everyone knows where we stand now anyway.

If you need any more info pm me.

Unfoprtunately I don't know where we stand, I only joined last week and reading through this thread I still don't know what my position should be.

[bluemonkey71]

1. Settle
2. pay the APN if you get one then fight with big group
3. If you don't get an APN as not Dotas registered, start saving and join big group

[mav2010]

Settle

I'm in the position where I've only received an assessment letter from HMRC last December for 2012/13. I would rather just settle with them but haven't actually had any demand for payment yet. How do I go about doing this? I've been reading on HMRC's website I should register my interest in settling by the end of the month. Should I just do as they suggest?

[webberg]

I'm in the position where I've only received an assessment letter from HMRC last December for 2012/13. I would rather just settle with them but haven't actually had any demand for payment yet. How do I go about doing this? I've been reading on HMRC's website I should register my interest in settling by the end of the month. Should I just do as they suggest?

Paying the assessment is NOT a settlement.

A settlement is either a contract between you and HMRC arrived at via the current opportunity (so if you want to do that, then register) or an agreed assessment.

An assessment can become agreed by either not appealing it once received or making an appeal and waiting for a judge to determine the truth of the matter.

[njwilli3]

Paying the assessment is NOT a settlement.

A settlement is either a contract between you and HMRC arrived at via the current opportunity (so if you want to do that, then register) or an agreed assessment.

An assessment can become agreed by either not appealing it once received or making an appeal and waiting for a judge to determine the truth of the matter.

So for those that haven't received APN's - will they still get an opportunity to settle after this end of June deadline. I'm planning on saving over the next 2-3 years but would rather wait until there's a demand for payment, also they may change their mind as to how much we owe?

[wired]

MYFD warning

I got as far filling out the paperwork and paying 1200 to MYFD, before realising that there was something fishy going on.
After asking of money back, I not only received a call from WCF a few minutes later, but they have not returned my cash.

Thieves, I tell you.

[holymoly23m]

I got as far filling out the paperwork and paying 1200 to MYFD, before realising that there was something fishy going on.
After asking of money back, I not only received a call from WCF a few minutes later, but they have not returned my cash.

Thieves, I tell you.

What was the something fishy?

[dangerouswhensober]

Yes - what was fishy ?

I got as far filling out the paperwork and paying 1200 to MYFD, before realising that there was something fishy going on.
After asking of money back, I not only received a call from WCF a few minutes later, but they have not returned my cash.

Thieves, I tell you.

And be careful with what you write - we don't want to get the Admins accused of facilitating libel.

(Seems to me that if you just repeat what you were told by phone, without any interpretation, then you can't be faulted ...)

And BTW - What does seem fishy to me is a company which will take your money on the promise of representing you but won't put very much in writing ...

[webberg]

And be careful with what you write - we don't want to get the Admins accused of facilitating libel.

(Seems to me that if you just repeat what you were told by phone, without any interpretation, then you can't be faulted ...)

And BTW - What does seem fishy to me is a company which will take your money on the promise of representing you but won't put very much in writing ...

All professional firms operating under the ICAEW or CIOT are required to agree engagement terms with clients, in writing. These have to clearly set out what they do, what you are supposed to do and how the pricing structure works.

Failure to engage properly is not only frowned upon by the above bodies but may render any insurance cover invalid.

Ask for and get engagement terms that are clear and unequivocal.

If you can't, either go elsewhere or ask one of the above bodies to intervene.