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Recent content by JackH1

  1. J

    Settled in full with HMRC, loan written off. Now Ltd Co has tax enquiry???

    If the Ltd company was closed with companies house and final accounts agreed by HMRC on the last return. Surely, that's final!
  2. J

    HMRC settlement Deadlines/delays and the LC

    Target provided a dwarfed figure of my earnings- around 20k more than what I was on so if that's the case the tax will be alot lower than the 18.5k.
  3. J

    HMRC settlement Deadlines/delays and the LC

    Hello, sorry to hear about your circumstances! I used Target/Integra too and have been advised by a competent tax advisor the revenue will be looking to tax the loans as they are subject to the charge. One suggestion, is to give in the figures by the end of this month. When HMRC make contact...
  4. J

    HMRC settlement Deadlines/delays and the LC

    Hello, sorry to hear about your circumstances! I used Target/Integra too and have been advised by a competent tax advisor the revenue will be looking to tax the loans as they are subject to the charge. One suggestion, is to give in the figures by the end of this month. When HMRC make contact...
  5. J

    Yep another one - Target Umbrella / Redstone Services - HMRC letter

    Hi Gary, I was with Target/Integra also only for 6 months and considering sending back the tax advantage to the revenue in this years tax return (for 2017/18) can you let me know the information the revenue have said about Integra? Also in my Integra contract it states all loans are to be...
  6. J

    HMRC settlement Deadlines/delays and the LC

    HMRC Will contact your loan provider between Apr 2019-Oct 2019 and any loan outstanding will be subject to the loan charge. The loan charge provider will be asked to give out the users details and then you'll be contacted. There is still time to register for CLSO before 30th Sept. First check...
  7. J

    Petition to Parliament, to stop Loan Charge, Please sign!!!

    Its likely if we are given settlements in Dec there will be a period to sign and hand over the money which could be Feb-March time. Once Hmrc have received the money very unlikely the money will be returned. However, this could impact on TTP however, I'm not 100% sure. Dec is also the time this...
  8. J

    HMRC settlement Deadlines/delays and the LC

    How long have you known about the current situation? Some of us only found out last month so alot are in the same boat
  9. J

    HMRC settlement Deadlines/delays and the LC

    I'm with WTT Consulting in their CLSO settlement they have the release of loans included in their package so no extra cost.
  10. J

    HMRC settlement Deadlines/delays and the LC

    Unfortunately I live in London so can't claim on motor mileage. I will speak to WTT when they contact me to find out more but it's unlikely in my position can claim expenses.
  11. J

    Petition to Parliament, to stop Loan Charge, Please sign!!!

    Shame, next time you're in the U.K.!
  12. J

    HMRC settlement Deadlines/delays and the LC

    The position i'm in. A couple of weeks ago, Carnegie Knox provided a figure of the total loans I had with them. It was around 82,000. I applied the stats and was thinking i'll have to repay £23,000. Then after matching against my bank accounts there has been discrepancy (like in the position of...
  13. J

    HMRC settlement Deadlines/delays and the LC

    I would be worried if i had to pay Employer NI's on top, it is a large amount when you add the years.
  14. J

    HMRC settlement Deadlines/delays and the LC

    Hey, I've been trying to work that out this evening! I really hope it's an employed contractor... I had a Ltd company through principal contractors whilst working full time in local government for 18 months and Smartpay for 3 other years. I checked my tax return of 2016-17, the p45 says...
  15. J

    HMRC settlement Deadlines/delays and the LC

    So you mean we just have to pay the income tax of 20% per year on the loans? I hope that's the case! Sounds alot better than LC 2019
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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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