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Recent content by mayfire

  1. M

    What will the Loan Charge Figure actually be?

    Yes please the link to the calculator would be greatly appreciated. Thank you for all of that it’s very helpful. I’m still confused, I don’t think that confusion will ever be resolved. I have total loans amounts of 170k over 3.5 years, ending in March 2016. From what I can work out...
  2. M

    What will the Loan Charge Figure actually be?

    Sorry. Another question. When is the loan charge actually being applied? I keep reading april 2019. Does that mean it will be added on to this years income? The year that ends March 2019? ( I ask because I’ve heard it mentioned that a large pension contribution may help in the year it will be...
  3. M

    What will the Loan Charge Figure actually be?

    Thanks for that Groundhog, so the ‘more’ people speak of for the settlement refers to IHT? Do you know how much this is supposed to be? And there shouldn’t be any ‘more’ if you are hit with the loan charge? If this is the case it may well be a similar amount for me, settlement vs loan charge...
  4. M

    What will the Loan Charge Figure actually be?

    Thanks for that where is the calculator I can’t find it on your site? Am I safe to assume there shouldn’t be interest added as they are charging it as income for 2019? Also why do people keep seeing ‘they will come back for more’ - how and why will they come back for more? I thought it was a...
  5. M

    What will the Loan Charge Figure actually be?

    I am trying to work out what the loan charge will actually look like if/when it hits. I am currently looking at 45% of my total loan amount as a rough guide. What else is likely to be added to that? Fines/Fees/Penalities etc...does anyone know what we should expect? My understanding is that...
  6. M

    Write/email your MP asking them to support EDM 1239

    If anyone is based in york please email/call Rachael Maskell, she is now looking in to this on my behalf but I know if more People were affected in York she would take it more seriously.
  7. M

    Making the public aware

    I feel one of the worst parts of all this is that the majority of families that are affected don't even know yet. So many working families are facing financial ruin in April and have no idea, let alone any chance of achieving the settlement date next week if that's what they did want to do...
  8. M

    AML 2019 Loan Charge

    Another spanner to throw in to the works What about student loans? Will we have to pay out for the years being recalculated via settlement? Everytime I think I'm making headway and reaching a final figure there is another huge cost to add on top, it seems never ending.
  9. M

    Trust Loan Agreements (terms 5-10 years) what are our legal options? (no BG please)

    Has anyone actually had their loans settled yet? Can find no examples of loans being successfully written off.
  10. M

    HMRC settlement Deadlines/delays and the LC

    So the deadline to register interest in settling is Thursday 31st May What is the deadline to actually agree a settlement?
  11. M

    Settlement over several years - affect mortgage application in future?

    If we choose to settle and ask to pay the amount over a number of years, will this mean that for the repayment term we will be rejected from mortgage applications? Eg. If we repay over 3 years, we will be rejected by mortgage lenders for that term because of the debt?
  12. M

    HMRC settlement Deadlines/delays and the LC

    Does anyone know what the repayment options will be? Or how we will be tested for eligibility on postponing payments if we settle? There is no way we can afford to settle all in one go, but are there conditions we must meet in order to stagger the payments? Ie, will be forced to sell our car...
  13. M

    AML 2019 Loan Charge

    Has anybody successfully had their AML loan written off? And am I correct in thinking that if we settle, interest cannot be charged on loans on the 2013/14 year and before? (Just a big thank you to everybody who is giving advice and support on this forum, I have spent days reading through...
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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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