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Recent content by simran

  1. S

    LOAN CHARGE expenses deductions

    What expense deductions can we make from total loan amount? Can we make standard 5% expense diductions from total loan amount as if HMRC is classifying this PAYE umbrella income then as far as I know 5% straight is what normally contractors can deduct from umbrella earnings without providing...
  2. S

    Anyone used "Umbrella Contracts" now or in the past for loan scheme?

    Umbrella Contracts Umbrella Contracts I am sure many people who have recently used this umbrella company for loan schemes will soon come forward as they still seem to support few schemes.
  3. S

    Anyone used "Umbrella Contracts" now or in the past for loan scheme?

    please make this thread sticky please make this thread sticky Thanks, Looks like we can find many people associated who were using loan schemes to this umbrella company or other schemes promoter engaged with this company. May I request administrator to please at least make this thread sticky...
  4. S

    Worried Newbue Help with Contractor Loans

    just dropped you a private message please reply....
  5. S

    Pension contributions can be used to relieve LC19

    I was also planning to make lump sum contribution to the pension to offset the tax for my SelfAssessment 2017-18. However IFA advised me that I can only claim tax relief for PAYE income in the self assessment. If we declare loan amount as other income (its not part of PAYE) so this can't be...
  6. S

    HMRC Scheme Enquiries (No Big Group champions or tax advisors here please)

    Can we have a PM access pls.
  7. S

    HMRC Scheme Enquiries (No Big Group champions or tax advisors here please)

    Hi FinalWhistle, I am in exactly same position. can we have a chat. Was your loan from a third party trust? What are you planning? For which year have you got enq
  8. S

    Finance for Settlement with HMRC

    Hello Hello Hi could you pls advise how you settled with HMRC. Did you go through a tax adviser or you dealt it yourself.
  9. S

    How to put loan into self assessment

    All, I am looking for urgent help please please reply.... I had loans from trust, I am planning to put my loan figures from 2016-17 into the self assessment. Can someone please advice how to put it or is it better to use CLSO2. What will be the consequences if I don't disclose and go through...
  10. S

    Open enquiry for Section9A 2015-16...what is best option for 2016-17 SA declaration

    I am planning to go with CLSO2 can someone please reply I am confused, should disclose loan in 2016-17 or atleast mention that i am entering into CLSO2 in my Self assessment
  11. S

    Open enquiry for Section9A 2015-16...what is best option for 2016-17 SA declaration

    I was with scheme in 2015-16 2016-17 and 2017-18 through a very new scheme just in Radar of HMRC. I have an open enquiry for 2015-16 and I need to file my SA 2016-17 where I also had loan amount. What is the best option: - declare loan amount in 2016-17? this will immediately generate huge...
  12. S

    Has anyone used WTT for settlement with HMRC

    I have just pm u send ur number I call u now
  13. S

    Contractor payroll

    I am just worried since I have 2015-16 open enquiry, not mentioning loan amount in 2016-17 SA might trigger COP8 which i want to avoid. Anyone please share your experience. Thanks,
  14. S

    Contractor payroll

    The trust and promoter of scheme is still operating and actively ripping-off more contractors . I was with them for 2015-16 for which I have received enquiry Section 9A. Not sure how much information I should provide. Would very much appreciate if some one can direct me. I simply want to...
  15. S

    Contractor payroll

    Also how long have you been with them. Were you with them in 2016-17? have you filed your SA for 2016-17
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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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