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Recent content by frodo
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What is the 2019 Loan Charge?
Yes but your post implies that you will be charged irrespective of tax paid via CLSO/APN (yes APN is POA, point is the money is there for HMRC to take if this charge becomes lawful).- frodo
- Post #19
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
I get that. So they just take the APN money to settle the tax due, right? Job done, less interest and NIC etc. And I still don't get your theoretical 60% tax charge.- frodo
- Post #15
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
Could you give a breakdown of that example? What calculation are you basing that on? Where does a 60% tax bill come in to it especially when one has already paid the tax via CLSO/APN?- frodo
- Post #12
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
Their website states: "all loans or debts from a disguised remuneration scheme will be taxed as earnings if they haven’t already been fully taxed or repaid on or before 5 April 2019." If settling/paying APN isn't paying the "due" tax, what is?- frodo
- Post #11
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
A snippet from https://www.gov.uk/government/publications/tackling-disguised-remuneration-avoidance-schemes-overview-of-changes-and-technical-note/technical-note: The government is also committed to ensuring that those who have used these schemes in the past aren’t allowed to get away with it...- frodo
- Post #5
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
Is there any indication on what this charge will be?- frodo
- Post #3
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
What is the objective of this charge, I mean the official objective? They are not content with pushing through some facicst legislation to tax us in a "guilty till proven innocent" fashion but also want to impose some punitive charge for being involved in a scheme in the first place? Seriously...- frodo
- Thread
- Replies: 370
- Forum: HMRC Scheme Enquiries
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IR35 - Guilty as charged! - Updated May 2016 - NOT GUILTY!
Seems like a lot of effort on their part. They would be better off chasing the low(er) hanging fruit by pursuing those on long, current engagements. That's where I'd put my efforts but then this is HMRC we're talking about.- frodo
- Post #163
- Forum: Accounting / Legal
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IR35 - Guilty as charged! - Updated May 2016 - NOT GUILTY!
Checking working practices Checking working practices Out of interest, if you are a contractor that genuinely falls outside of IR35 and your contract(s) tick all the right boxes, how would HMRC then go about investigating your working practices from an engagement from say 3 years ago if the...- frodo
- Post #161
- Forum: Accounting / Legal
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
Thanks, Lady P. Webberg does this sound legit to you? I know you guys are doing some work around the write-off of loans and I was under the impression that it was not that straight forward because the tax legislation in IOM is unclear on a lot of the trust outcomes of loan write-offs- frodo
- Post #289
- Forum: HMRC Scheme Enquiries
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
LadyPenelope are Optimus Fiduciaries now the trustees for ASIOM loans? May I ask if that £300 was a flat fee or a percentage of the loans?- frodo
- Post #285
- Forum: HMRC Scheme Enquiries
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
Thanks. Not asking for the exact amount just trying to get a feel for the fees required. More than £1k?- frodo
- Post #266
- Forum: HMRC Scheme Enquiries
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
Hi Paul - Are Optimus the trustees for ASIOM loans? May I ask what the ball park figure was for the write offs? Was it a percentage of the loans or just a fixed amount?- frodo
- Post #264
- Forum: HMRC Scheme Enquiries
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
Hi Mrs B. Did you get a response from Saleos?- frodo
- Post #130
- Forum: HMRC Scheme Enquiries
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
As you say, a one-off 5 day project. I'm talking about earning £1m gross over a 4-5 year period. RAB , please feel free to jump in at anytime and prove me wrong/clarify.- frodo
- Post #128
- Forum: HMRC Scheme Enquiries
