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Recent content by dmuk
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Non UK Resident With UK Assets and September Deadline
a) Settle and put an end to this saga. Would include all interest & penalties; with some sort of instalment plan? b) How do you spread the tax? Is this via the SATR or portal or both? Does this still apply to non-residents?- dmuk
- Post #4
- Forum: HMRC Scheme Enquiries
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The loan charge is NOT a settlement "option"
Am I right in understanding from the above that HMRC wants the tax due on the loan amount plus any interest & penalties (regardless of disclosure method)? If you include the loan amounts in your 19/20 SATR - you will owe the applicable tax; then later HMRC will want whatever interest &...- dmuk
- Post #12
- Forum: HMRC Scheme Enquiries
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Non UK Resident With UK Assets and September Deadline
I'm trying to determine best action given the upcoming September deadline. I've got one open year, settlement offer from HMRC, submitted a UK SATR for UK income. I'm non resident. My understanding I could do the following: 1) Settle but noting this may not be the end 2) Adjust the...- dmuk
- Thread
- Replies: 4
- Forum: HMRC Scheme Enquiries
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Loan charge review - Government response is here
Sorry if this has been asked and answered. I am playing catch up on threads since the 20 Dec Independent Review announcement. Open years are still up for grabs by HMRC. However what 'amount' is up for grabs given the independent review guidelines? For example - all loan amounts disclosed...- dmuk
- Post #155
- Forum: HMRC Scheme Enquiries
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Self Assessment Tax Return 2018/19 and Loan Charge
I'm curious to know how you would submit the disguised remuneration section without raising any tax.- dmuk
- Post #4
- Forum: HMRC Scheme Enquiries
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Self Assessment Tax Return 2018/19 and Loan Charge
Has anyone submitted their self assessment for 2018/19? Did you dislose your loan amounts or not? How did you complete the disguised remuneration section?- dmuk
- Thread
- Replies: 71
- Forum: HMRC Scheme Enquiries
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Help & Support - Struggling mentally with HMRC demands?
One of the major issue called out recently by various action against the Loan Charge was the mental toll on individuals. Unsure if this forum would benefit from a list of places to get help; or maybe a place to vent. For some members these enquiries have been going on for more than a decade...- dmuk
- Thread
- Replies: 2
- Forum: HMRC Scheme Enquiries
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AML Loan Charge Calculator
How does settlement play into other notices (eg APN)? And do you even have an option under the LC settlement terms to only settle on the open enquiry period? In 1 - 3 there is a chance to escape the loan charge any tax liability?- dmuk
- Post #41
- Forum: HMRC Scheme Enquiries
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AML Loan Charge Calculator
Please could you clarify 'open years'? I assume you are referring to an HMRC open enquiry? And if so, does this scenario actually exist as I suspect HMRC have chosen to keep these enquiries open even though years have passed. Good point - there's this third scenario of hoping the law will be...- dmuk
- Post #40
- Forum: HMRC Scheme Enquiries
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AML Loan Charge Calculator
I am late to the game here but just trying to clear this up in my head. Is the decision to settle going to be down to how much your income is now versus then? I am ignoring IHT here. Example: Loans: £50k loan from 2008/09 Settlement scenario (A): HMRC recalculate your 2008/09 tax return by...- dmuk
- Post #37
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
I have been watching the recent commons debate on the loan charge at Parliamentlive.tv - Commons This is entertaining viewing and is reassuring that some MPs are challenging HMRC. Many of the MPs state the same message as members of the forum that HMRC sat back while these schemes were in...- dmuk
- Post #885
- Forum: HMRC Scheme Enquiries
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Loan Charge - a beginners guide
Confused? Confused? Apologies if this has been covered however having trouble keeping up with all the threads and interpretations. A couple of questions: 1) How do I find out the current outstanding loan balances? The last correspondence I had with the scheme provider was years ago and...- dmuk
- Post #48
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
How does the recent HMRC review play into individual engagements with HMRC? Can you now delay settling or responding to settlement with referencing parliament report? Amend and review loan charge - Contractor Weekly- dmuk
- Post #370
- Forum: HMRC Scheme Enquiries
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HMRC settlement Deadlines/delays and the LC
Curious to know HMRC current response times to settlement emails? I sent an email to HMRC 8 weeks ago and recieved an automated acknowledgement response. Haven't heard anything since. What's the usual turn around time? Do they send settlement details via post or email? I guess they have...- dmuk
- Post #355
- Forum: HMRC Scheme Enquiries
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Template for replying to HMRC for contractor loans settlement
Is there a template for simply asking HMRC for details of settlement and any relevant information HMRC currently hold on their claim?- dmuk
- Post #5
- Forum: HMRC Scheme Enquiries
