Originally posted by DELLboy
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Reply to: Settlement Companies - 2019 Loan Charge
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Previously on "Settlement Companies - 2019 Loan Charge"
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If you want settlement on HMRC terms, Phil has a lot of experience.
We do settlement but our preference is resolution via an analysis we deliver via Big Group.
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Originally posted by bandemelbs View PostCan I ask how they (PTS) are actually getting the information over to HMRC and why any individual would consider doing this now or is this the process for CLSO2? Is there a process that doesn't involve a Self Assessment? Just seeking some background information on the why, how, etc. as there's many that have long left the UK permanently and no longer complete UK returns / Self Assessments.
PTS say they have no experience of any settlements as they have not submitted any yet. That does not give me any confidence. Other firms have at least been there and done it!
I'm gathering what information I can to decide. Any other thoughts most welcome.
Recoemmend signing the petition against the Loan Charge:
https://petition.parliament.uk/petitions/218582
and encouraging your MP to sign up to the Early Day Motion (EDM)
https://www.parliament.uk/edm/2017-19/1239
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Originally posted by piebaps View PostPTS is owned by Perree Limited a BVI company. IIRC someone on the AML thread had onwardly traced the ownership of Perree to Malta. Who the real owner is - is anyone's guess.
Names like Timothy Blackburn and Timothy Eve keep popping up (with links to Baroness Mone and our old friend Douglas Barrowman)
Does "PTS" stand for Pathfinder Tax Services?
https://beta.companieshouse.gov.uk/company/08534468
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Avoid PTS. It will only make things worse.
Phil@DWS is highly recommended.
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PTS is owned by Perree Limited a BVI company. IIRC someone on the AML thread had onwardly traced the ownership of Perree to Malta. Who the real owner is - is anyone's guess.
The IOM and the UK have a tax information agreement too. If HMRC want data from PTS they can get it. They've clearly been active with MP as this case in the IOM Courts shows https://www.judgments.im/content/J1800.htm
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It’s the norm for the kind of people that PTS are.
They are an IoM based company, with and address that is the side door to Knox House - the HQ for AML and their associated companies.
They will charge you as much as they can, not to provide some great service, but to make money from you.
My advice would be to avoid any IoM based business in trying to get the mess sorted out.
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Originally posted by DELLboy View PostCan anyone share experiences, good or bad with any settlement companies? Happy to do this offline.
I have been referred to PTS by AML.
So far I see they collect a fee simply for collating all the loan information and providing that to HMRC, and then charge again for any challenge to HMRC tax bill.
Is this the norm?
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Settlement Companies - 2019 Loan Charge
Can anyone share experiences, good or bad with any settlement companies? Happy to do this offline.
I have been referred to PTS by AML.
So far I see they collect a fee simply for collating all the loan information and providing that to HMRC, and then charge again for any challenge to HMRC tax bill.
Is this the norm?
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