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Recent content by FTTM
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Loan Charge + 50% payment on account for next year???
I have filed out the return to get an accurate figure but have not yet submitted it officially. My take is there is little chance the loan charge is going to be revoked before the payment date. I assume people will have to pay and then if there are any changes due to the review a reclaim...- FTTM
- Post #9
- Forum: HMRC Scheme Enquiries
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Loan Charge + 50% payment on account for next year???
Im no expert but I assumed I have missed that boat? As far as i know you cannot make AVCs for a previous tax year? I realise now that i could of offset some of the charge by increasing pension contributions in 2018 / 2019 but HMRC only wrote to me about the loan charge in September this year...- FTTM
- Post #8
- Forum: HMRC Scheme Enquiries
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Loan Charge + 50% payment on account for next year???
ahhh , found it i think. its not actually on the return itself but a seperate link after you have filed a return.- FTTM
- Post #4
- Forum: HMRC Scheme Enquiries
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Loan Charge + 50% payment on account for next year???
been through the whole return again and i can't see where that is? do you know which section? Thanks- FTTM
- Post #3
- Forum: HMRC Scheme Enquiries
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Loan Charge + 50% payment on account for next year???
Hi Just filled in my self assessment for 2019, added in loan charge details and on the tax due calculation not only is it asking for the tax due on the loan charge by Jan 31st , they also want 50% payment on account paid then as well? i.e they are projecting that the income for loan charge...- FTTM
- Thread
- Replies: 10
- Forum: HMRC Scheme Enquiries
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EBT HELL: Assignment Solutions Isle Of Man / Premier Tax Strategies / DMS
HMRC Loan Charge Form HMRC Loan Charge Form Hi - just revisiting the thread I started 7 years ago. EBT really is the gift that just on keeps giving!! anyway , anyone know how to complete this bit of the HMRC LC form? Seems contradictory , is the question were you an employee or is the...- FTTM
- Post #321
- Forum: HMRC Scheme Enquiries
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BIG GROUP
I'm in also As previously said I think a page on a funding website would be a good start- FTTM
- Post #62
- Forum: HMRC Scheme Enquiries
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Settlement or other options - Darwinpay
I was under the impression that this approach would not work as it was essentially down to HMRCs discretion which schemes are simliar and which are not. ie if they win a case against a particular EBT that ruling in their opinion applies to all EBTs but if they lose the ruling just applies to...- FTTM
- Post #16
- Forum: HMRC Scheme Enquiries
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COP8 Question
Hi Quick question. Tax year 05/06. Received the COP8 letter dated April 2008. Is it correct that HMRC only have 1 year after the filing deadline ( Jan 2007) in which to open a COP8? Thanks- FTTM
- Thread
- Replies: 6
- Forum: HMRC Scheme Enquiries
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Settlement Opportunity
Rob79 - thank you very much for your input , i have found your knowledge and guidance very helpful.- FTTM
- Post #222
- Forum: HMRC Scheme Enquiries
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Settlement Opportunity
surely if it is net pay then they should go and speak to my employer to work out why they haven't deducted the correct amount of tax? cant have it both ways.- FTTM
- Post #143
- Forum: HMRC Scheme Enquiries
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Settlement Opportunity
And on what basis can they argue this is NET income? , taking PAYE element out of the equation, to receive 100K in net loans , you would probably have invoiced for approx 120K ( EBT co taking their 20% cut). If they calculate the income tax owed to give a 100K take home ( net) this would...- FTTM
- Post #140
- Forum: HMRC Scheme Enquiries
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Settlement Opportunity
Well if this is true then its going to screw me and everyone else even more. How can they possibly calculate it this way? How can you pay income tax on an amount you haven't even earned? I had always based my calculations that tax would be applied to the value of the loans received. Which to...- FTTM
- Post #133
- Forum: HMRC Scheme Enquiries
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HMRC enquiries for EBT schemes through SANZAR
settlement opportunity suddenly looking more attractive!- FTTM
- Post #966
- Forum: HMRC Scheme Enquiries
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HMRC enquiries for EBT schemes through SANZAR
So I take it this is the legislation that will enable HMRC to collect NI as well as Income Tax from EBT users facing an APN?- FTTM
- Post #964
- Forum: HMRC Scheme Enquiries
