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So if a person was to put down a lump sum of say 20% or even 0% and then engage in TTP over 5 years and then the LC is subsequently overturned would they then legally be able to extract and stop paying the LC?
Is it £50 K before or after tax?
And also it says based on the tax year 2018 - 2019? But the settlement is due to be paid before April 2019 - so how can the TTP be determined in time to allow people who are eligible to use it?
Hi,
Can anyone clarify wether National Insurance Contributions are also part of the charges to payback or is payback only tax and interest on the loan ?
Ref:
https://www.gov.uk/government/publications/disguised-remuneration-detailed-settlement-terms/disguised-remuneration-detailed-settlement-terms
2.2 National Insurance contributions (NICs): employed contractors
Employed contractors will not have to pay NICs personally but HMRC may still pursue...
No not if your figures stack up i.e the affordability check that nearly all high street banks apply to mortgage lending. And if your already on a mortgage the affordability criteria does not apply the same way etc.
Im sure this has been asked before hand but is it the case that national insurance is not charged by HMRC on these loan calculations ?
Meaning the National Insurance charges in bold below do not apply ?
Source https://www.uktaxcalculators.co.uk
2018 tax year
Gross Pay...
It wasn't myself who added it but it is tempting to put it back up now its been removed. I've just been looking at the AML company group online since my unfortunate situation arose with them and the HMRC and found the Wiki page. Seems Barrowman probably has "spies watching this or the wiki page"...
Hi all,
Im in process of settling.
Its my understanding that if i pay that money to HMRC and it is then the case that there will be no chance of retrieving the paid money IF the retrospective tax ruling is subsequently reversed in the future ?
Piebaps lets clarify some issues here.
While i appreciate your sentiments about keeping people on the straight and narrow you should be mindful that many many people on this forum are really up sh i a t creek with VERY FEW options . The HMRC nor AML are playing straight at all and using...