Reply to: Ability of HMRC to enforce APNs in other countries

[ExLuninKiwi]

Enforcement of APN’s in New Zealand

Hi all,

I know this is an old thread, but hoping to get in touch with any New Zealander’s that we’re effected by the Loan Charge changes.

My case is slightly different, but would be great if someone could share info on the legal advice they’d received as would definitely apply to my current (ridiculous) situation.

Someone posted a while back about getting in contact so thought I’d get in touch!


Also, admin; can you please great access to PM?

[Oneroa]

Once you have messaging rights send me your mobile number and I'll give you a buzz. I have some info, may or may not be helpful depending on your situation. Better to talk on the phone given that we're in the same country. And yes there are some dodgy accounts on here, that's why I reckon phone is better

Thanks for that, just PM'ed you.

[Endangered Kiwi]

I have had snail mail at an old address. I don't know if they asked the IRD for my income. I expect so. I presume HMRC used MARD to get my details from the IRD.

Once you have messaging rights send me your mobile number and I'll give you a buzz. I have some info, may or may not be helpful depending on your situation. Better to talk on the phone given that we're in the same country. And yes there are some dodgy accounts on here, that's why I reckon phone is better

[Oneroa]

Just treading carefully as this forum does have snitches. I'm still surprised that you were contacted and that the other parties didn't communicate between themselves. It's almost akin to tipping off someone. I'm wondering if it's due to UK & NZ having a MARD? Have you had snail-mail from HMRC or do they have an old address? Did they also ask NZ for your income details, etc?

I have had snail mail at an old address. I don't know if they asked the IRD for my income. I expect so. I presume HMRC used MARD to get my details from the IRD.

[bandemelbs]

Wow, I was not expecting that.
They said that HMRC had put in a request for my details from the IRD and they called me to check that they had the correct phone number and address. The lady said that she had a lot of people that HMRC had requested data for. I am guessing that other people can confirm this as they may have also been called.
I also said that I would rather she didn't hand over my details and she appologised and said that they had an agreement in place to share information.
Happy to meet you in Oneroa (Waiheke Island, Auckland) for a coffee at Wai if you want proof I'm not with HMRC!

Just treading carefully as this forum does have snitches. I'm still surprised that you were contacted and that the other parties didn't communicate between themselves. It's almost akin to tipping off someone. I'm wondering if it's due to UK & NZ having a MARD? Have you had snail-mail from HMRC or do they have an old address? Did they also ask NZ for your income details, etc?

[Oneroa]

Why would NZ IRD bother telling you that HMRC wanted your details? And what details? Reading between the lines, I wouldn't be surprised if you are from HMRC.

Wow, I was not expecting that.
They said that HMRC had put in a request for my details from the IRD and they called me to check that they had the correct phone number and address. The lady said that she had a lot of people that HMRC had requested data for. I am guessing that other people can confirm this as they may have also been called.
I also said that I would rather she didn't hand over my details and she appologised and said that they had an agreement in place to share information.
Happy to meet you in Oneroa (Waiheke Island, Auckland) for a coffee at Wai if you want proof I'm not with HMRC!

[bandemelbs]

Hi Guys,
I am in a similar position. NZ IRD called me a few weeks ago saying that HMRC had been in touch and wanted my details. I got a call last night form HMRC but didn't answer it - thought is was a spammer.
I have just joined the forum and don't have message rights yet so if there is any info you can share it would be much appreciated.
Cheers.

Why would NZ IRD bother telling you that HMRC wanted your details? And what details? Reading between the lines, I wouldn't be surprised if you are from HMRC.

[Oneroa]

I have sought legal advice in NZ and am happy to share that and the UK advisor's thoughts on that with any NZ residents caught up in this mess. Its always good to know you're not the only one. Not sure if I can pm yet as I have only just joined this forum after reading it on and off for a couple of years.

Hi Guys,
I am in a similar position. NZ IRD called me a few weeks ago saying that HMRC had been in touch and wanted my details. I got a call last night form HMRC but didn't answer it - thought is was a spammer.
I have just joined the forum and don't have message rights yet so if there is any info you can share it would be much appreciated.
Cheers.

[weetbix]

Yeah no worries will message you once I am able

Hi, I have sent you a PM too. Cheers

[Endangered Kiwi]

Please send me a PM if you can, would really appreciate a chat.

Yeah no worries will message you once I am able

[Kiwi2018]

I have sought legal advice in NZ and am happy to share that and the UK advisor's thoughts on that with any NZ residents caught up in this mess. Its always good to know you're not the only one. Not sure if I can pm yet as I have only just joined this forum after reading it on and off for a couple of years.

Please send me a PM if you can, would really appreciate a chat.

[Endangered Kiwi]

Admin...

Ask admin here to grant you PM privileges. I’m interested to hear what you found out & can also share what I’ve been advised for a different country. Loan Ranger - what country is your friend in that you were referring to at the start of this thread?

Ok, keen as to have a chat. Admin can I please have PM privileges so I can contact bandemelbs?

[Loan Ranger]

I'm a bit confused by the above two posts.

Let's say you owe £120k, and arrange a TTP over 10 years (120 months).

How much would you have to pay each month? Presumably more than £1000/month, if interest keeps accruing on the unpaid balance.

Is the interest recalculated each month as the debt reduces?

If interest rates go up, does your monthly payment go up?

[bandemelbs]

I have sought legal advice in NZ and am happy to share that and the UK advisor's thoughts on that with any NZ residents caught up in this mess. Its always good to know you're not the only one. Not sure if I can pm yet as I have only just joined this forum after reading it on and off for a couple of years.

Ask admin here to grant you PM privileges. I’m interested to hear what you found out & can also share what I’ve been advised for a different country. Loan Ranger - what country is your friend in that you were referring to at the start of this thread?

[Delendog]

Yes.

For example.

You owe £10,000 for say 2014/15.

Due date is 31/1/16.

You agree to pay 31/10/18

You have interest on unpaid tax of £10,000 x 3% x (33/12) = £825.

Your total bill is £10,825.

You agree to pay £5,000 on 31/10/18 and then the balance over the following 24 months.

So on 1/11/18 you owe £5,825

If you pay £252.95 a month, you pay the above balance plus £245 and change in default interest.

I believe the calculation is:-

Amount owed x ((annual interest + forward interest)x(months/12)/2)

annual interest is currently 3%
foward interest is currently 1% (this is additional interest HMRC charges because of increased risk!)

so in above example 5825x((3%+1%)x(24/12)/2) = 233 + 5825 = 6058

252.42 per month.