Reply to: CLSO - DEADLINE 30th JUNE

[webberg]

I read the documentation carefully - it says the CLSO is for "open years". Therefore I only gave them amounts for open years as that is what is said on their letter re CLSO - "The settlement opportunity will be open until 9 January 2015. It will allow eligible individuals to pay tax and interest to resolve open years of use of the arrangements and have certainty". (para 2, page 1)

"The opportunity will allow eligible individuals to settle any open enquiries relating to these arrangements based on the application of the 'Transfer of Assets' legislation." (Section 1, page 1).

In para 15, page 5
"Where we have an open enquiry or assessment for a year, we will need to consider those years in our calculations for settlement".

I hope I've got that right in filling out the D03 - I'm not settling so it's only an engagement thing in any case

In my opinion that is entirely correct - include only open years.

When you get the calculation - check it carefully.

[flamel]

All be all pre 10/11 years. And they also seem to be including years for which there was no enquiry or discovery assessment open

I read the documentation carefully - it says the CLSO is for "open years". Therefore I only gave them amounts for open years as that is what is said on their letter re CLSO - "The settlement opportunity will be open until 9 January 2015. It will allow eligible individuals to pay tax and interest to resolve open years of use of the arrangements and have certainty". (para 2, page 1)

"The opportunity will allow eligible individuals to settle any open enquiries relating to these arrangements based on the application of the 'Transfer of Assets' legislation." (Section 1, page 1).

In para 15, page 5
"Where we have an open enquiry or assessment for a year, we will need to consider those years in our calculations for settlement".

I hope I've got that right in filling out the D03 - I'm not settling so it's only an engagement thing in any case

[Laxmi]

Monty clients

Have people on the Montpelier scheme registered for this? I'm not getting any useful information from them.
If we want to email it what is the email address please?

Thanks

[fizzy]

Does anyone know what percentage of loan amounts received should HMRC now be asking for?

The reason I ask is I have previously had demands for two years but the amounts demanded seem low compared to the loan amounts received. I haven't received an APN yet.

I don't want to give HMRC the amounts if they are just going to recalculate their demands to a higher amount.

[webberg]

Just called HMRC to register. They really don't know their ar$e from their elbow. I have had enquiry letters for 3 years (3 diff schemes) but he said I was only showing as having 1 year open.

Asked him to double check this, so they're now going to phone me back once they've taken a look.

When he/she does, get it confirmed in writing

[TonyTucker]

CLSO - DEADLINE 30th JUNE

Just called HMRC to register. They really don't know their ar$e from their elbow. I have had enquiry letters for 3 years (3 diff schemes) but he said I was only showing as having 1 year open.

Asked him to double check this, so they're now going to phone me back once they've taken a look.

[webberg]

Hi all. What's the best way to contact Hector to register my interest in the CLSO? I know I've left it late but want to cover my bases. Do I just need to email them or is a letter better?

The DO3 form says you can email it, but call them afterwards to confirm that they have it.

[webberg]

Hi,

I've got a question on how to calculate a CLSO amount please.

I've got the loan amount for the full month of April 2010. Should I pro-rata the April loan amount for the 3 business days between 1st and 5th April 2010?

Many thanks!

It's based on when you became entitled to the money, not when it accrued.

[chubacabra]

Hi all. What's the best way to contact Hector to register my interest in the CLSO? I know I've left it late but want to cover my bases. Do I just need to email them or is a letter better?

I'd email them and then call them. Confirm with them over the phone that you've registered an interest in settling and make a note of who you spoke to.

The deadline is tomorrow - do not delay!!

[TonyTucker]

Hi all. What's the best way to contact Hector to register my interest in the CLSO? I know I've left it late but want to cover my bases. Do I just need to email them or is a letter better?

[efg78]

CLSO Calculation Question

Hi,

I've got a question on how to calculate a CLSO amount please.

I've got the loan amount for the full month of April 2010. Should I pro-rata the April loan amount for the 3 business days between 1st and 5th April 2010?

Many thanks!

[Tgnew]

1. No tax can be charged if the time limits have been missed
2. NO
3. HMRC will certainly attempt to include the closed year. Mention it in your covering note and check the calculations VERY CAREFULLY

What happens if you have not received a letter for a given year and have not lodged the a tax return for that year?

[neil99]

arrange to have your mail forwarded?

Or ask someone you trust to open HMRC letters, scan and send. You can always call them and email them.

[webberg]

Thanks for the replies guys.

One last question in relation to the CLSO, i'm going away mid August till end of September, and will not be in the country.

What is the best way to deal with the correspondence and the settlement that the HRMC will send? You have to agree by 30th of September right?

Cheers

arrange to have your mail forwarded?

[notsofun]

Thanks for the replies guys.

One last question in relation to the CLSO, i'm going away mid August till end of September, and will not be in the country.

What is the best way to deal with the correspondence and the settlement that the HRMC will send? You have to agree by 30th of September right?

Cheers