-
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Recent content by Tiger22
-
T
Castlemaine's workaround for IR35 (Partnerships)
Just received an unsolicited email from Castlemaine Associates (that company name immediately makes me wary) saying: "If your client has informed you that you will be caught under the new Off Payroll Working Rules and you will need to work via a PAYE Umbrella... there is another way!" with a...- Tiger22
- Thread
- Replies: 13
- Forum: HMRC Scheme Enquiries
-
T
Did anyone else use pension contributions in 18/19 to offset the loan charge ?
Depends whether this is simply a Time To Pay deal over the 3 years vs being able to declare loan charge amounts as income in each of the 3 years. I suspect the former which means you cannot mitigate further beyond pension contributions made in 18/19.- Tiger22
- Post #10
- Forum: HMRC Scheme Enquiries
-
T
Reversing pension mitigation follow LC review
Correct, you would need to leave the £50k in the pension because you had relevant earnings for that amount. If you tried to take the remaining £50k out then HMRC would charge a penalising tax on it, as they would with anyone who tries to access their pension funds early.- Tiger22
- Post #7
- Forum: HMRC Scheme Enquiries
-
T
Loan charge review - Government response is here
What goes in our SATR for 18/19? What goes in our SATR for 18/19? So any loans pre-9th December 2010, even though we have had to disclose them to HMRC via the disclosure deadline, do not have to be included in our SATR for 2018/2019? Is that correct? I am settling (still waiting on HMRC) for...- Tiger22
- Post #88
- Forum: HMRC Scheme Enquiries
-
T
Reversing pension mitigation follow LC review
Do HMRC get their contributions back directly from the pension company though? Have you confirmed that? I expected, as part of my SATR due end of January, to have to pay to HMRC their contribution to the pension (in my case £16,000 which topped up my £64,000 contribution). Then, following the...- Tiger22
- Post #4
- Forum: HMRC Scheme Enquiries
-
T
Loan Charge review - in limbo
HMRC delaying settlements to force people onto loan charge will cause tragedies HMRC delaying settlements to force people onto loan charge will cause tragedies Are you telling me HMRC can deliberately ignore countersigning a settlement agreement document - an agreement that I have already...- Tiger22
- Post #23
- Forum: HMRC Scheme Enquiries
-
T
The LC and Open Years
Force HMRC to close the year Force HMRC to close the year The thing is you don't have to wait for HMRC to get around to dealing with your open year. The ball is not wholly in their court. You can request them to close the year because they are taking too long. They then have to make a call on...- Tiger22
- Post #5
- Forum: HMRC Scheme Enquiries
-
T
Times : Loan schemes offering help to ruined clients — for a fee
I struggle to believe they have put their names to such a scheme. It sounds like scammers trading on the good name of others.- Tiger22
- Post #7
- Forum: HMRC Scheme Enquiries
-
T
Loan charge - review outcomes - impact on settlement
So, as a consequence of the review, will we know before the end of the tax year how many years back the LC19 legislation will go? When does it get finally decided what is the scope of the LC19 legislation? My course of action is heavily dependent on knowing how many years back LC19 will go and...- Tiger22
- Post #28
- Forum: HMRC Scheme Enquiries
-
T
Interest....frozen at 30th Sept 2018 ?
Probably correct. I have just had my settlement document through and the interest calculations are up to 30/09/2018 provided I pay by the end of this tax year.- Tiger22
- Post #2
- Forum: HMRC Scheme Enquiries
-
T
Any settlement figures yet?
Got my settlement figures through today. Interestingly I only supplied them with the details of 1 of the closed years that I wanted to settle but they have responded by including all closed years into the settlement figures. They are obviously more on the ball than I thought because I didn't...- Tiger22
- Post #16
- Forum: HMRC Scheme Enquiries
-
T
Montpelier DTA scheme bulletin
Corrective action taken - what now? Corrective action taken - what now? So I've had the follower notice and APNs for the year I was in the DTA scheme. I have taken corrective action and paid the APNs (including being duped into paying the NI). HMRC have sent their letter back effectively...- Tiger22
- Post #462
- Forum: HMRC Scheme Enquiries
-
T
Setting up a workplace pension without excessive costs
When I say simple I didn't mean the ability to choose correct funds but rather the mechanism of setting up a pension account to receive funds. Obviously once set up there can be a huge range of funds/options that can be invested in and they all have higher or lower degrees of risk. An advisor...- Tiger22
- Post #12
- Forum: Accounting / Legal
-
T
Setting up a workplace pension without excessive costs
Thanks for everyone's reponses so far. If it as simple as setting up a pension in my name and then asking the company (it's my own Ltd company) to pay into it (up the 40k allowance) then that sounds very simple. For some reason I was under the impression that a workplace pension had to be...- Tiger22
- Post #5
- Forum: Accounting / Legal
-
T
Setting up a workplace pension without excessive costs
I have decided to set up a workplace pension to take advtantage of the associated pension tax breaks. My Accountants passed me onto their recommended Financial Advisor but his charges seem very excessive (4.5% of all money invested with them). All I want is a simple set up of the pension scheme...- Tiger22
- Thread
- Replies: 31
- Forum: Accounting / Legal
