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Recent content by tomtastic
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HMRC settlement Deadlines/delays and the LC
I wonder this too, financial records only meant to be kept for 7 years max aren't they? Do HMRC have the power to query loans made from the Trusts themselves? Does the receiver of the loans not have the option to say "I'm not required to keep records for that duration", or do HMRC then guess a...- tomtastic
- Post #246
- Forum: HMRC Scheme Enquiries
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Kinsella/Keypay Solutions
I don't think contacting HMRC can be considered burying my head in the sand, can it ? Neither do I understand why I'm recommended to contact these advisors when the process to settle tax affairs seems relatively straightforward? My only question here is :- If the loans are not in fact...- tomtastic
- Post #10
- Forum: HMRC Scheme Enquiries
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Kinsella/Keypay Solutions
OK, well as I've heard nothing regarding loan repayments, I'm going to email a reply to the cl.resolution team at HMRC to ask for their estimate as I don't keep (and don't believe I'm legally obliged to) financial records going back that far. No idea how to contact the loan/trust, nor how to...- tomtastic
- Post #7
- Forum: HMRC Scheme Enquiries
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Kinsella/Keypay Solutions
Is a loan / debt left unacknowledged for over 6 and half years even considered legally active at this point?- tomtastic
- Post #5
- Forum: HMRC Scheme Enquiries
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Kinsella/Keypay Solutions
I have no records going beyond 7+ years, how should I estimate my liability even if it wasn't statute barred by now, or are we at the mercy of HMRC estimating things for us.... ?- tomtastic
- Post #3
- Forum: HMRC Scheme Enquiries
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Settling and writing off loans
The first I've heard of this was yesterday when HMRC sent a letter stating "I believe you've used a tax avoidance scheme", but no details of how much tax they believe I owe or years affected, etc. Neither is there a deadline of September, only a plea to settle with them before April 2019.- tomtastic
- Post #30
- Forum: HMRC Scheme Enquiries
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Repaying back loans
repayment repayment If the trust has been paid into by the beneficiary, and a loan against that has been made, why can't the trust contents be used against the loan to negate any requirement to repay it?- tomtastic
- Post #42
- Forum: HMRC Scheme Enquiries
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NoPay Solutions
OMG, what was I thinking when I signed up with these jokers :freaky: If I'd only read these forums before I jumped into my first contract I could have avoided the distress I'm feeling currently. Here's the story... Offered a 6 month contract back in July which I accepted, all before I'd even...- tomtastic
- Thread
- Replies: 3
- Forum: Accounting / Legal
