I didnt eiter, but yes they did offer me to make a settlement and it was something like 10% of the loan. But it needed to be paid in full withing 30 days
-
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!
West 28th Street Limited
- Thread starter Wtaf
- Start date
- Thanks received
- 78
Out of interest, has everyone received a Letter of Claim who's involved in this mess ?
I'm interested to know whether there are some people who did "firmly" dispute everything, who have or have not received one ?
I've not seen a copy of one yet, but from the comments I've seen it does appear that their wording is rather careful to say the least. I've never seen a genuine and bonafide debt demand that uses the word "voluntarily".......that's all i'm saying.
I'm interested to know whether there are some people who did "firmly" dispute everything, who have or have not received one ?
I've not seen a copy of one yet, but from the comments I've seen it does appear that their wording is rather careful to say the least. I've never seen a genuine and bonafide debt demand that uses the word "voluntarily".......that's all i'm saying.
Last edited:
12:23
- Thanks received
- 78
So you received a Letter of Claim too at the weekend ?
- Thanks received
- 3
When I went to the FSA site to issue my complaint, they have updated their news items as follows
Demands for disguised remuneration scheme loan repayments
Please please please make sure you complain
Demands for disguised remuneration scheme loan repayments
Please please please make sure you complain
- Thanks received
- 2,857
The FCA can't exactly say don't pay these bunch of chances a penny but read between the lines and it's exactly what they are saying..
- Thanks received
- 0
Nothing about signing a loan agreement, but 2x email notifications each month for the period of the contract. One "Winchester has made payment to you" and the other "We have sent your loan". Payment notification has html attachment. Loan notification does not.
FCA just published this
Demands for disguised remuneration scheme loan repayments
Disguised remuneration schemes saw people – often contractors, consultants and agency workers – paid for their work through loans instead of regular salaries as a way to avoid tax. HMRC has sought to tackle this tax avoidance through what has been termed the loan charge and published guidance for those affectedLink is external.
Questions have been raised about the regulatory status of these loans and whether they were ever intended to be repaid.
Some of those affected dispute liability for the amounts being claimed and challenge whether the debts can be legally enforced. If they’re unenforceable, borrowers cannot be forced to pay the money back or have any of their assets seized against the debt without a specific order.
Some consumers are, however being sent legal letters threatening potential court action and asking for immediate repayment of the loan. Repayment is being sought after these disguised remuneration loans were sold by the original provider to a third party.
Those seeking payment may ask the FCA to agree to a Validation Order. This is the formal permission needed before the loans could be enforced. We would consider any request carefully and our agreement is by no means guaranteed. If a Validation Order is required and not granted, the debt would remain unenforceable.
Anyone who receives a demand for repayment of a disguised remuneration loan, and is unsure whether they are liable for the amount claimed, should consider carefully whether to make any payment. We’d encourage them to look at the HMRC guidance and consider taking legal advice.
Consumers should not be subject to undue pressure when being contacted about a debt. If you believe you have been subjected to this type of behaviour, you should report it to us.
Demands for disguised remuneration scheme loan repayments
Demands for disguised remuneration scheme loan repayments
We have seen demands being made for people to repay loans, or purported loans, provided as part of disguised remuneration schemes.Disguised remuneration schemes saw people – often contractors, consultants and agency workers – paid for their work through loans instead of regular salaries as a way to avoid tax. HMRC has sought to tackle this tax avoidance through what has been termed the loan charge and published guidance for those affectedLink is external.
Questions have been raised about the regulatory status of these loans and whether they were ever intended to be repaid.
Some of those affected dispute liability for the amounts being claimed and challenge whether the debts can be legally enforced. If they’re unenforceable, borrowers cannot be forced to pay the money back or have any of their assets seized against the debt without a specific order.
Some consumers are, however being sent legal letters threatening potential court action and asking for immediate repayment of the loan. Repayment is being sought after these disguised remuneration loans were sold by the original provider to a third party.
Those seeking payment may ask the FCA to agree to a Validation Order. This is the formal permission needed before the loans could be enforced. We would consider any request carefully and our agreement is by no means guaranteed. If a Validation Order is required and not granted, the debt would remain unenforceable.
Anyone who receives a demand for repayment of a disguised remuneration loan, and is unsure whether they are liable for the amount claimed, should consider carefully whether to make any payment. We’d encourage them to look at the HMRC guidance and consider taking legal advice.
Consumers should not be subject to undue pressure when being contacted about a debt. If you believe you have been subjected to this type of behaviour, you should report it to us.
- Thanks received
- 4
