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Recent content by THISISWRONG
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AML 2019 Loan Charge
Where is the legislation that says it will become evasion if you do not declare it 31/01/2020?- THISISWRONG
- Post #708
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
I’ve heard similar, but I think it was because they moved the operation to Malta. I’d be pretty certain it will be backed by a council opinion but HMRC are likely to challenge it.- THISISWRONG
- Post #653
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
HMRCs can nduct on tax inquiries HMRCs can nduct on tax inquiries I have just been made aware of this...- THISISWRONG
- Post #637
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Anybody fancy a trip to the Isle of Man? I have no idea how they sleep at night!- THISISWRONG
- Post #630
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
The more I read, the more I believe AML and accountants who promoted these schemes should be locked up. They have sold planning that had zero chance of success and because HMRC have changed the law afterwards - do you have any leg to stand on in terms of taking legal action against them? They...- THISISWRONG
- Post #556
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Does anybody know if the settlement you pay is declared on your self assessment p11d? Can you actually have a negative income?- THISISWRONG
- Post #534
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Hi again, from what I have been told I don’t have to convince them. I can simply request it and follow the legal process for transferring a trust to new trustees. I kind of feel I must be missing something here... there is a company local to me that specialises in trusts and they said they...- THISISWRONG
- Post #483
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
I left out the other options, because I felt they had been well covered in most other posts, but hardly anybody talking about repaying. Yes, I have spoken with tax advisors about repaying. As I understanding it (which I think the article confirms) repayment is an option, and in no way requires...- THISISWRONG
- Post #465
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Im not looking for any action that is risky, but i did think that having a trust still may have a benefit - and if you can afford to repay the trust, rather than HMRC, then at least you can look to get benefit from the money at some point - if you drip feed it out as a pension pot when you...- THISISWRONG
- Post #447
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Sorry, didn't mean it be convoluted. I have read that one option to avoid the 2019 Loan charge is to repay the funds back to the trust. I took this from comments on this blog - https://www.enterprisetax.co.uk/april-2019-loan-charge/ General Temporarily ignoring any other relevant attacks...- THISISWRONG
- Post #437
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Lets assume.... Knox House Trust have agreed that they would transfer the trust to new trustees onshore in the uk. If the trustees retain the money and agree to use it to (for example) buy a property and rent it out, or buy a classic car and rent it out, or invest in stocks etc. As long as this...- THISISWRONG
- Post #433
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
You can transfer the trust to your own appointed trustees who can at least invest the funds.- THISISWRONG
- Post #418
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Does anybody know for certain that if you repay the loan the 2019 loan charge will not apply? Ive heard comments that HMRC could still come after you or the company for PAYE etc but how can that be... if you repay it it is clearly then to be treated as a loan and surely even HMRC would not win...- THISISWRONG
- Post #415
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Can anybody help with this? thanks!- THISISWRONG
- Post #405
- Forum: HMRC Scheme Enquiries
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AML 2019 Loan Charge
Mp insights Mp insights Hi all I had a meeting with my MP last week, who had no ideq about this. I presented what information i could, mostly info on AML and Knox and how they are gettig away with murder and the government havent helped by stitching up the individuals who are an easy target. I...- THISISWRONG
- Post #389
- Forum: HMRC Scheme Enquiries
