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Recent content by David991
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
As far as I know Glen May was dissolved around the end of last year, and deregistered at Companies House. It appears to be the pattern that Procorre and its other guises follow. Close one company run by them and open a new one. At the very least it means you can’t find information on them on the...- David991
- Post #131
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
If you are paying more tax on top of that passed to the LLP how exactly is it working as intended? The statements I received is that the LLP payment covered ‘all’ taxes. If you are paying more then wouldn’t it have been better to have just stuck to your own Limited company?- David991
- Post #77
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
In the case that the Limited company continues to run, but you do not make payments to the LLP are you bound to retrospectively make up any ‘missed’ payments? I work through a different Limited company than when with Procorre, but there was a period when I stopped payment due to their lack/total...- David991
- Post #74
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
Information confirmed from Procorre et al Information confirmed from Procorre et al Here are some snippets from emails confirming how Procorre and other named parties would function. I took this as evidence along with verbal conversations. I was adamant that I would not participate in a load...- David991
- Post #73
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
Definitely get out. I stopped sending them money a year ago, but did not cease being a partner. Procorre are now calling round with a new scheme - to buy your company over 3 years and take the debt (capital overdrawn account) with it. You will continue to pay them as they do it. Sounds like...- David991
- Post #71
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
PM Rights please PM Rights please Could I have PM rights too please?- David991
- Post #70
- Forum: HMRC Scheme Enquiries
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Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)
Procorre Danger Procorre Danger I joined Procorre after a collleague had their tax affairs signed off and my accountant ok’ed all the information they provided on how the LLP functioned - including a written statement that the LLP would pay all taxes on a yearly basis so you did not need to...- David991
- Post #52
- Forum: HMRC Scheme Enquiries
