-
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Recent content by Billm
-
B
Phil Manley question and answer session
Here is the excerpt from today's PMQs - YouTube- Billm
- Post #100
- Forum: HMRC Scheme Enquiries
-
B
New loan charge letters from HMRC
I received an email from the ca.loancharge email address containing the following text only "Thank you for contacting HMRC. Your email has been forwarded to the relevant team and you will be provided with a response in due course.". It doesn't feel like they're in a hurry after nearly a month...- Billm
- Post #102
- Forum: HMRC Scheme Enquiries
-
B
New loan charge letters from HMRC
I would start gathering everything together just in case. It does sound like you're at the same stage as me... You do have a tax return for that year, it just won't be self assessment. I got mine to make sure that the numbers that HMRC have on record tally with the payslips from my umbrella...- Billm
- Post #96
- Forum: HMRC Scheme Enquiries
-
B
New loan charge letters from HMRC
Good Morning Lullaby, I'm in a similar boat. However, I have now responded by email to them and have provided the following evidence: 1. Bank Statements from the time period (managed to obtain through a SAR to Santander) 2. My employment contracts from the time period (had them in email form)...- Billm
- Post #91
- Forum: HMRC Scheme Enquiries
-
B
New loan charge letters from HMRC
Yes, that is what I thought too. I paid income tax and class 4 NIC on the drawings from the partnerships. I guess maybe not enough, as they (Sunday and Von Essen) supposedly retained enough funds to pay HMRC (which I did not see). So interpreting what Webberg has said, I may still owe tax on...- Billm
- Post #86
- Forum: HMRC Scheme Enquiries
-
B
New loan charge letters from HMRC
I do apologise if I am annoying you, that isn't my intention at all and I really do appreciate the advice. I'm a little caught in the headlights here. If you don't mind indulging me one last time and I'll leave you alone. 1. What would I need to declare as a "loan" as a past member of these...- Billm
- Post #83
- Forum: HMRC Scheme Enquiries
-
B
New loan charge letters from HMRC
Good Afternoon Webberg, Thank you very much for your swift responses. I have a couple of additional questions. Regarding the answer to question 1. would you be able to elaborate for the uneducated on how the scheme worked. Are all drawings from the partnerships considered "loans" and...- Billm
- Post #81
- Forum: HMRC Scheme Enquiries
-
B
New loan charge letters from HMRC
Good Day All, I too received the generic letter a few weeks back (the first correspondence I've had with HMRC about this and first I've heard about the "Disguised remuneration loan charge"). Firstly, I can't imagine what this must be like for those of you with astronomic tax bills/settlements...- Billm
- Post #79
- Forum: HMRC Scheme Enquiries
