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Recent content by Safe
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S
IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands
It is 18% of 5%- Safe
- Post #1,386
- Forum: HMRC Scheme Enquiries
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S
IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands
ETC Tax fee ETC Tax fee Hi all, Has anyone got an email from ETC Tax almost 2 weeks ago with the subject of "next Step"? They propose a fee, based on outstanding loans and and also letter from Barrister. Adding cost of these two is almost 18% of the fee if I settle with Felicitas based on...- Safe
- Post #1,379
- Forum: HMRC Scheme Enquiries
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Trust help line email help!
What does "Loan Discharge" mean on form P11D? What does "Loan Discharge" mean on form P11D? Hi Folks, On form P11D from Sanzar, I have a date on one of the box as below: Date loan was made in 201-11 if applicable: xx/xx/2010 Date loan was discharged in 2010-11 if aplicable...- Safe
- Post #301
- Forum: HMRC Scheme Enquiries
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Trust help line email help!
THL and 5% THL and 5% Folks, Has anyone got any response from THL and if they have paid 5% they are asking? Did anyone get their deeds back?- Safe
- Post #256
- Forum: HMRC Scheme Enquiries
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Trust help line email help!
Well I agree with you. At the time they sold us these schemes they charges us 15% so why do we need to pay 5%? If the intention is to release the loans then this can be done easily. I accept admin fee of £250 per trust but 5% charge have no justification. Also HMRC recent guideline published...- Safe
- Post #146
- Forum: HMRC Scheme Enquiries
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Trust help line email help!
Even if I settled with HMRC under CLSO1 several years ago, do I still need to pay tax providing I write off the loans? Similarly, if I settled under CLSO2 several months ago in 2018, Do I still need to pay tax? Please note that when I settled with HMRC I settled with 100% of the loans not 95%...- Safe
- Post #82
- Forum: HMRC Scheme Enquiries
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Trust help line email help!
Ignore. I received several of these emails from these b****rd. They sell the scheme that has been passed QC approval but they all ran away when HMRC knocked tax payers door. Now majority settled with HMRC and THL which is set up by these companies asking for 5% plus £250 charge to release the...- Safe
- Post #65
- Forum: HMRC Scheme Enquiries
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BIG GROUP
Now we know the rangers case, what sort of confidence level you are quoting? If I'm taking a plane say from A to B and pilot said that he is 65% confident to reach to destination (B), will you accept the risk and take the plane or you look for another option to reach to your destination i.e...- Safe
- Post #1,237
- Forum: HMRC Scheme Enquiries
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BIG GROUP
In engineering, there is a term that is called "confidence level". If something has 95%- 98% confidence level even with 2-5% of not getting the results, still good to go with that. However if % drops to 80% or below then that needs to be mitigated against other options you have which will give...- Safe
- Post #1,235
- Forum: HMRC Scheme Enquiries
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Pension contributions can be used to relieve LC19
I think no you can't. The loan charge is related to you and not your company. Any pension contribution should be from your personal account not company account. If you do want to contribute from your company account for 2019 LC then you've to take dividend and pay appropriate tax on it. I might...- Safe
- Post #10
- Forum: HMRC Scheme Enquiries
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HMRC Enquiry letters on Loans from EBT and other schemes
For tax you might be right however for repaying back your loan, it depends on your contract with promoter. Mine says that I've to pay back the loan within 50 years or death whichever is sooner.- Safe
- Post #1,419
- Forum: HMRC Scheme Enquiries
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HMRC Enquiry letters on Loans from EBT and other schemes
So what's the solution then? There is a key for any lock! Must be a way for all of this.- Safe
- Post #1,418
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
I'm not a tax specialist but from common sense point of view, this is incorrect. If you agreed to settle prior to loan charge then that's it. If they (HMRC) still going to tax you for whole loan as part of loan charge and ask for the difference in tax then why are we bothered with settlement...- Safe
- Post #215
- Forum: HMRC Scheme Enquiries
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What is the 2019 Loan Charge?
Loan charge VS Settlement Loan charge VS Settlement Daft question: If I don't settle my case before 5th April 2018 using CLSO 2, does it mean 2019 loan charge will be applied for 2018-2019 tax year with payment of no later than end of January 2020? What is the deadline for settlement...- Safe
- Post #206
- Forum: HMRC Scheme Enquiries
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Disappearing loans?
Hi all, Anyone knows who is the trustee of Garraway contracts ltd (IOM) and Garraway consultants Ltd (IOM)? They used to be Sanzar Solutions but changed the name in 2011. Thanks, S.- Safe
- Post #16
- Forum: HMRC Scheme Enquiries
