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Recent content by Benson77
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Procorre - letters advising allocation of profits
There must be someone out there who has taken advice from an adviser (like webberg) and has sorted this all out in some way but Its not come to my attention anywhere where someone has posted and said that this has happened, there must be someone, why are there no reviews/recommendations going...- Benson77
- Post #33
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
wouldn't ceasing to give the scheme arranger any credibility mean ignoring the profit allocation? which then goes against what you say about declaring it? I have sought legal advice and have been quoted 5-6k for a full investigation and analysis of my tax position, I cant afford that but no...- Benson77
- Post #28
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
Personally I'm not using a scheme of any sort.- Benson77
- Post #23
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
Have you decide what to do with it yet?- Benson77
- Post #22
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
Mine was issued in a nice procorre headed letter! I'm sure they'll send a letter for next years allocation.- Benson77
- Post #19
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
I totally appreciate what you say there, I still have a long way to go with this, thanks for your input though.- Benson77
- Post #17
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
The profit share allocation is only for financial year 17/18, I agree it was never a business development fund but was just the ODCA rebranded and now rebranded again as profit share, but I got the payments and that's where I am now. I don't know how they will declare profits, how should they...- Benson77
- Post #15
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
Because it promised to be a one stop shop, taking care of my accounts and insurance, this appealed to me at the time, not realising the bigger picture. I also had colleagues who work in the same industry as me that were/are with Procorre. I offer no excuse other than my own naivety at the time...- Benson77
- Post #11
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
Procorre have replied to me confirming that they will be declaring these profit shares in the UK. They say the profit share is my allocation of profits made whilst on project for Procorre and the funds were received via my business development fund whilst on project and the process means I can...- Benson77
- Post #9
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
I've read & reread but its all so vague I would need a degreee to understand it fully. I have questioned procorre as to how this payment was actually made to me in the form of a profit share but they have had to escalate that question to someone else and I'm awaiting a reply. What is the...- Benson77
- Post #8
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
HI, yes that makes sense but what about PROCORRE (UK) LIMITED Company number 07644727, wont they make a tax return?- Benson77
- Post #6
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
No I haven't, I'm now seeking professional advice and waiting to hear back. I intend to declare the profit share as this will have been declared by Procorre (or should be). I know people have had issues with procorres UTR number but they have advised me that I should use my Ltd companies UTR on...- Benson77
- Post #4
- Forum: HMRC Scheme Enquiries
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Procorre - letters advising allocation of profits
procorre LLP profit distribution letter procorre LLP profit distribution letter HI, I received one of these letters but no mention of 2014/15. I was officially deregistered from procorre last year, am I going to receive one of these letters every year until the ODCA is cleared? This letter...- Benson77
- Post #2
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
I would be really interested in seeing the webinar.- Benson77
- Post #249
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
The alarm bells are now deafening, but its to late now and I cant turn back the clock. I have read the posts you've mentioned but as you say none of it is definitive and this is where I'm having trouble in deciding what to do next. I have managed now to get an itemized list of withdrawals and...- Benson77
- Post #247
- Forum: HMRC Scheme Enquiries
