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Recent content by Ltdoptions

  1. L

    s223 - £190,000 charge ON TOP OF my settlement

    So just to clarify, if a OMB director drew 150k via an EBT, what is his final liability if the company is insolvent ? It seems in the case of the OP that he has already settled his company's liability and is now being chased for the parallel personal liability (or vice versa) ???
  2. L

    s223 - £190,000 charge ON TOP OF my settlement

    What an absolute nightmare. What happened to full & final settlement?! Absurd is the right word....no better example of 'maximising revenues' no matter the cost. How the hell can they expect someone to pay the same tax bill twice. HMRC seem intent on grinding people into the dust.
  3. L

    S222 ITEPA - final straw?!

    Blimey ok, so if / when Reg 81's get passed down to the directors, they're going to get hit with the s222 charge unless they either 'make good' the PAYE to the company by July, or pay it via the settlement process?
  4. L

    S222 ITEPA - final straw?!

    What if your company is in the hands of the liquidator, but the Insolvency claim includes Reg 80's?
  5. L

    S222 ITEPA - final straw?!

    (I think) it doesn't apply if you're employer was offshore. Or if you settle via CLSO2. But seems like anyone with a UK employer (even if long gone) is vulnerable (?)
  6. L

    S222 ITEPA - final straw?!

    Phil Manley on Twitter: "To translate Matt's nerd talk!...HMRC normally tax you on the benefit of having an employer pay the tax for you. However for the LC they will tax you on it even if the charge has already been transferred to you in the first place. Therefore you are being taxed on the tax...
  7. L

    HMRC settlement Deadlines/delays and the LC

    Yes sorry, I meant charge on property!
  8. L

    HMRC settlement Deadlines/delays and the LC

    Is the PO allowed to sit there indefinitely or is there a point when they can just call it in? Presumably interest still accrues during this time & is added to the secured debt?
  9. L

    Settlement, NI and limited company

    Yes I registered interest for an individual settlement before the May '18 deadline. STILL waiting for calculations / offer though.
  10. L

    Settlement, NI and limited company

    What if you're not the only director? This is my situation. I would be open to settling my personal liability, but I certainly can't afford to settle for the company as a whole.
  11. L

    Settlement, NI and limited company

    If presumably you're the only director, isn't any company / personal settlement all one & the same anyway?
  12. L

    AML 2019 Loan Charge

    Agreed. Even a 1% risk of them 'legitimately' double taxing is not worth it given their clear Maximise Revenues policy.
  13. L

    AML 2019 Loan Charge

    Is it possible to pay off a percentage? I thought it was all or nothing?
  14. L

    Interest....frozen at 30th Sept 2018 ?

    Using their own logic, is there not an argument to say it should be frozen as of the first settlement deadline of 31/05/18 ?
  15. L

    Any settlement figures yet?

    Good question. Leaving themselves wriggle room basically, so they can get houses via the back door.
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  1. Contracting
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      1. Umbrella Companies
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