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Recent content by Albert49
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Things about to get very serious and much more real? / Felicitas Letters
Did you engage this 'Legal Expert' ? I would have thought that advice and legal indemnity from a uk specialist lawyer that you engaged yourself would cost thousands of pounds, simply because they would have to take a considerable time investing and understanding the situation , however if it is...- Albert49
- Post #658
- Forum: HMRC Scheme Enquiries
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Settling with HMRC - 10% off loans and salary as an expense
Delendog, that was how mine was done also , Tollo's comment "10% of the expenses I submitted, without receipts, was allowed against the settlement." suggested something else.- Albert49
- Post #12
- Forum: HMRC Scheme Enquiries
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Settling with HMRC - 10% off loans and salary as an expense
Can you clarify 10% of the expenses ? If your expenses for a year were £5,000, and the settlement figure for that year was £20,000, , was you final settlement figure for that year £19,500 ( £20,000 - £500 (ie 10% of £5,000) ) ?- Albert49
- Post #10
- Forum: HMRC Scheme Enquiries
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TTP - time to pay Loan Charge and Settlement
1. Yes, agreed settlement 2. Quite easy, I made a repayment offer of a lump sum of 30%, and how much I could afford per month (which was approx 25% of my pay after tax) and they agreed. 3. Did it myself. 4. No, just quoted my monthly income after tax. 5. No. 6. 100 months (8 + years)...- Albert49
- Post #8
- Forum: HMRC Scheme Enquiries
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Hoey - Court of Appeal legal fees
If you did have time for Matt Hall and Gordon Berry's tweeting nonsense you would also have seen there attempts to derails Loan Charge APPG NC31 amendment, which is successful may have been the death of the Loan Charge, in favour of there own which stood virtually no chance of passing. I find...- Albert49
- Post #232
- Forum: HMRC Scheme Enquiries
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Hoey - Court of Appeal legal fees
The first para completely made up? So you don't think that the the twitter posts earlier this year by Armadillo Tax Support, Saleos , Gordon Berry Wealth Agent and Phil Manley where they were attacking WTT's/Big Group approach (though usually carefully avoiding naming them), and retweeting each...- Albert49
- Post #221
- Forum: HMRC Scheme Enquiries
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New settlement terms
Residual Tax Residual Tax I settled my post 2011 years because I thought that there was no way of avoiding the Loan Charge, and if it was cheaper than settlement then the enquiry would remain open and I would have to pay the difference to end it. Now it obvious that duplicitous HMRC have...- Albert49
- Post #5
- Forum: HMRC Scheme Enquiries
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Phil Manley - Times Article
David Byers David Byers Although I'm not a fan of Phil's, neither am I a fan of this 'journalist' who has I believe published articles in the Sunday Times that had been fed to him by HMRC, I used to subscribe to it, but cancelled my subscription when I said the same in the comments section on...- Albert49
- Post #6
- Forum: HMRC Scheme Enquiries
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Letter from HMRC regarding possible involvement in Tax avoidance
Webberg, thanks for the view of a tax professional (is that good enough Eek ? ) I will point out however that I did not suggest a pension contribution this year would effect last year's tax, in fact my original post said: "As others have said move asap to a reputable umbrella, you can't do...- Albert49
- Post #32
- Forum: HMRC Scheme Enquiries
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Letter from HMRC regarding possible involvement in Tax avoidance
Are you referring to £6k tax relief pension company add ? If so, they are claiming it from HMRC, it is the same £6k tax (reduced from 12k) you pay to HMRC.- Albert49
- Post #29
- Forum: HMRC Scheme Enquiries
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Letter from HMRC regarding possible involvement in Tax avoidance
Ignoring NI, and agency fees assuming Min wage =£10 per hour Contract rate £40 per hour (£30 per hour undeclared) 40 hour week 25 weeks (Apr 20 to SEP 20) with current umbrella 25 weeks with legit umbrella (Oct 20 to Mar 21) Declared income at end of mar 21= £10 * 40 hours * 25 weeks + £40 * 40...- Albert49
- Post #27
- Forum: HMRC Scheme Enquiries
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Letter from HMRC regarding possible involvement in Tax avoidance
Perhaps you should reread my post: As others have said move asap to a reputable umbrella, you can't do much about last year's tax, but if you have the funds you might want to consider making a pension contribution equal to the loan amount received this year, or at least the amount of your total...- Albert49
- Post #25
- Forum: HMRC Scheme Enquiries
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Letter from HMRC regarding possible involvement in Tax avoidance
Pension Offset Pension Offset The use of pension contributions to offset tax on earned income is standard tax planning and is NOT specific to the loan charge.- Albert49
- Post #23
- Forum: HMRC Scheme Enquiries
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Letter from HMRC regarding possible involvement in Tax avoidance
As others have said move asap to a reputable umbrella, you can't do much about last year's tax, but if you have the funds you might want to consider making a pension contribution equal to the loan amount received this year, or at least the amount of your total income this year (including the...- Albert49
- Post #20
- Forum: HMRC Scheme Enquiries
