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Recent content by Runster

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    AML 2019 Loan Charge

    I got mine back after about 10 days.
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    AML 2019 Loan Charge

    It seems to me that it’s a question of interpretation rather than fact. It may be true according to the letter of the law, but not according to the intent of the law. I have asked a tax advisor to look into it. He says they’ve said the same think to many people. One person at SP Mgt said...
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    AML 2019 Loan Charge

    Hi. Make sure they give you all the lone figures - they don’t want you to put current loans via SP Management Malta in your submission to HMRC - they say it falls outside of LC19. Work out all you options. If you decide to settle, look at your spending and outgoings, reduce outgoings and work...
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    PTS Tax claim Employee to Employer Loans exempt for LC19

    I think the key thing (PTS claim) is that there was no 3rd party trust involved. I’m not defending that claim, merely putting it out there for discussion.
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    PTS Tax claim Employee to Employer Loans exempt for LC19

    Thanks Cojak, have raised it already. He’s looking into it.
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    PTS Tax claim Employee to Employer Loans exempt for LC19

    PTS Tax, who SP Management pointed me to to get loan figures, claim that for 2 schemes where no 3rd party Trust was involved, and the loan was effectively from my employer to me as an employee, the Loan charge doesn’t apply and I should not declare these loans. Have they given this advice to...
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    BIG GROUP

    My wife is very emotional at the moment (as are many others' wives / husbands who find themselves in the good ship Loan Charge, I'm sure). What she means by 'come clean', I think, is that I should tell HMRC the facts and settle my liability and be done with it. She's very Catholic in her...
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    BIG GROUP

    Taxinglife- sounds like you are in the same situation as me. My wife wants to settle, and thinks BigGroup is tantamount to ‘not coming clea’ To be fair, she doesn’t know the detail, but is still in shock as I only shared this hideous burden with her yesterday. Graham - I have the same questions...
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    AML 2019 Loan Charge

    I agree, thanks. She is absolutely horrified. I did discuss it with her at the time I was considering it. Not that I’m trying to share culpabiliyty with her - it was my choice - just saying I didn’t do it behind her back. She’s a civil servant, and is worried that if her employers finds out, it...
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    AML 2019 Loan Charge

    Done it now, thanks.
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    AML 2019 Loan Charge

    I’m a coward - put off telling Her Indoors again about LC I’m a coward - put off telling Her Indoors again about LC I’ve been steeling myself again today to tell the wife about the Loan Charge, but turned to putty yet again. Goddamit!
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    AML 2019 Loan Charge

    They told me the same - SP Mgt IoM scheme is caught by the loan charge, but SP Mgt Malta is not. They also told me if I worked through PCL via a Ltd conpany versus via self employment, one is caught, one is not, but the woman at PTS I spoke to was, I think, an opportunistic cleaner rather that...
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    READ ME before choosing your umbrella

    Hi Lucy - contacted you recently about joining your umbrella. When I spoke to someone there, they said you only offer PAYE, but your tag line says you now also offer Ltd. Could we talk?
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    HMRC webinar on disguised remuneration - 1 May 2018

    Really- you’re winding me up, right? Please say ‘no’!
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    AML 2019 Loan Charge

    I’m with SPM, I got the emails and I’m looking for a robust solution. Will govt legislate to retrospectively put all Ltd company contractors inside IR35 and ruin us all over again? Is PAYE the only option? What a lash-up!

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