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Reply to: Talent Resource Management

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Previously on "Talent Resource Management"

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  • dezze
    replied
    Originally posted by dmuk View Post
    Hi,

    In 2006 I was utilising the services of Talent Resource Management as an umbrella.

    In late 2008 I received a letter from Redding Finance Capital telling me "the loan previously accrued with TRM was replaced by a loan from Redding Finance Capital. Please sign a form.

    Now I received a letter telling me the replacement loan was "denominated in Zimbabwe Dollars". I have an option to repay the loan at a cost of £5.

    Has anyone else received such a letter?

    Not sure what action to take (if any).
    I thought this was stopped a couple of years ago? There was a thread a while ago about this...haven't got time at the mo to find it.

    Leave a comment:

  • DaveB
    replied
    Originally posted by JoJoGabor View Post
    Huh? SOunds like a scam? If the loan was denominated in Zimbabwe dollars wouldnt it be nearly zero now with their rate of inflation?
    That's the point. BY claiming this and allowing scheme members to "pay back" the loans they get around a whole raft of tax evaision legislation.

    It does sound like a scam though. Even if the loan was denominated in $Z the value in £ remains the same since thats what you were "paid" under the scheme.

    Leave a comment:

  • JoJoGabor
    replied
    Huh? SOunds like a scam? If the loan was denominated in Zimbabwe dollars wouldnt it be nearly zero now with their rate of inflation?

    Leave a comment:

  • Svalbaard
    replied
    Engage HMRC early with the information and then get a good lawyer.

    Leave a comment:

  • contractor100
    replied
    One More Similar story

    Mate,
    Refer to following link where similar discussion is going on, I have used Talent in the past and I have similar questions like you.

    http://forums.contractoruk.com/accou...yee-loans.html

    Best Regards,
    C

    Leave a comment:

  • dmuk
    started a topic Talent Resource Management

    Talent Resource Management

    Hi,

    In 2006 I was utilising the services of Talent Resource Management as an umbrella.

    In late 2008 I received a letter from Redding Finance Capital telling me "the loan previously accrued with TRM was replaced by a loan from Redding Finance Capital. Please sign a form.

    Now I received a letter telling me the replacement loan was "denominated in Zimbabwe Dollars". I have an option to repay the loan at a cost of £5.

    Has anyone else received such a letter?

    Not sure what action to take (if any).
    Tags: None

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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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