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Recent content by AVFC
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AML Loan Charge Calculator
But your missing the point on the two years that are not currently under investigation. The tax and interest is the "The Loan Charge" so if there is no interest to pay which is a big factor then there is nothing else they can charge on those two years except the tax, rather like originally...- AVFC
- Post #35
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
HMRC don't give a damm where you get the money from as long as it's legal.- AVFC
- Post #396
- Forum: HMRC Scheme Enquiries
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AML Loan Charge Calculator
But HMRC have all of the details on P11D so I fail to see how they wouldn't know about the latter two years. I have also been told that if I pay the two years that are not under investigation before 5th April then HMRC can't charge interest even if I register them because they do not have an...- AVFC
- Post #33
- Forum: HMRC Scheme Enquiries
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AML Loan Charge Calculator
Advice Please Advice Please I registered for the settlement scheme last year and expected something through the post but to date I have received nothing from HMRC. I have years 2013-14 and 2014-2015 under enquiry whereby I completed SA's for both years. It now seems that I entered the wrong...- AVFC
- Post #31
- Forum: HMRC Scheme Enquiries
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Trust help line email help!
Expenses Expenses I was told today by an adviser that expenses can be factored in to open years only. You can try for all years and the worst they can do is reject the amount. Success in this would be big deduction against the final amount paid for many but be careful it does not lead you...- AVFC
- Post #20
- Forum: HMRC Scheme Enquiries
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None EBT Scheme - Smart Ventures
I have a company called Smart Ventures contacting me saying that their scheme using an annuity does not come under the type of DR schemes captured in the 2019 LC. For anyone else getting the calls the persons are and woman called Emily and a man called Dave who work for this lot. Are there any...- AVFC
- Thread
- Replies: 8
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
If your not asked to file a return and HMRC send you written confirmation saying so then I would say there are no penalties. Remember you can file voluntary SA's if someone wants to. I just paid the tax that was quoted although for 13/14 I declared £1900 more on the SA at the time of submitting...- AVFC
- Post #90
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
Tax Years Tax Years Loan Ranger, Are you saying that if HMRC have not opened a discovery via SA demand then it's better and less costly to submit an SA for a given year, pay the tax that way no interest can be charged. I was under discovery for 13/14 and entered a loan figure for 9k and...- AVFC
- Post #71
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
Loan statement figures Loan statement figures I have just had a draft statement via the Trust Helpline for my loans with Dynamic Partners and two years were 8k to high after cross referencing P11D and bank statements so I would beware that there are further scammers out there trying to fleece...- AVFC
- Post #70
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
Self employed! Self employed! Hi JackH1, If you are self employed then surely you can submit expenses such as motor mileage and subsistence via a Self Assessment for each of the years to offset against any liabilities seems to make sense to me but again speak to an accountant for this position.- AVFC
- Post #69
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
Tax Calculator Tax Calculator From what I am told you just need your P60 and the value of the loan in that year which you should be able to get from your p11D or by adding it up from your bank statements. If you have a P11D for a certain year just cross reference it to the money in from your...- AVFC
- Post #40
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
Amending SA Returns Amending SA Returns I paid all of what the SA calculation tool told me was owed for both years and my accountant said that I could go online and amend an SA retrospectively to claim any expenses that were no on the original SA I submitted although I have not done this yet...- AVFC
- Post #35
- Forum: HMRC Scheme Enquiries
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A glimmer of hope?
How many MP's will it take to amend the act How many MP's will it take to amend the act Any idea what the number of MP's required and how long it would take to make retrospective changes to the bill?- AVFC
- Post #26
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
Totally Confused!! Totally Confused!! I was requested in 2017 to complete SA tax returns for 13/14 and 14/15 by HMRC as they believed I had disguised remuneration in the form of loans. I completed these and declared the loans under additional income then paid the amounts due for each year. For...- AVFC
- Post #30
- Forum: HMRC Scheme Enquiries
