Originally posted by demby
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Reply to: 1st october deadline
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Previously on "1st october deadline"
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Originally posted by CanPayButWouldRatherNot View Postand when you did submit you dont get any email confirmation that you submitted succesfully ..grrrrrrrrrrr
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Originally posted by CanPayButWouldRatherNot View Postand when you did submit you dont get any email confirmation that you submitted succesfully ..grrrrrrrrrrr
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Case for not declaring
No need to submit is you have already started settlement process. I have received an settlement agreement letter (rejected by the way) so did not bother to declare.
Don't offer any information you don't have to give
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Originally posted by CanPayButWouldRatherNot View Postand when you did submit you dont get any email confirmation that you submitted succesfully ..grrrrrrrrrrr
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and when you did submit you dont get any email confirmation that you submitted succesfully ..grrrrrrrrrrr
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Originally posted by Iter View PostThis wouldn’t happen to be related to the scheme originally dreamed up by an ex porn star.
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Originally posted by Pigeon45 View PostI've been told this (by my old umbrella...eeek)
"With regards to the deadline of 30th September, there is nothing for your to report as you have not received any loans that fall under disguised remuneration.
The 2019 loan charge relates to disguised remuneration loans issued to contractors. In other words, those that have come about due to an employed / self-employed relationship.
Any loans that you received were due to the fact that you were a beneficiary of the trust by virtue of a totally separate relationship, there was no employed or self-employed relationship with the Trust. Further to this, the Trust Deed actually excludes employees from becoming a beneficiary. The loans were not linked to disguised remuneration."
I've been paid little tax, that's undeniable, but is there any truth to the above statement?
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If you are in the process of settlement, then does this count as disclosure?
Would I need to enter anything in the portal by tonight if I had already informed HMRC about ALL my loans and am in the process of settlement?
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Originally posted by Pigeon45 View PostI've been told this (by my old umbrella...eeek)
"With regards to the deadline of 30th September, there is nothing for your to report as you have not received any loans that fall under disguised remuneration.
The 2019 loan charge relates to disguised remuneration loans issued to contractors. In other words, those that have come about due to an employed / self-employed relationship.
Any loans that you received were due to the fact that you were a beneficiary of the trust by virtue of a totally separate relationship, there was no employed or self-employed relationship with the Trust. Further to this, the Trust Deed actually excludes employees from becoming a beneficiary. The loans were not linked to disguised remuneration."
I've been paid little tax, that's undeniable, but is there any truth to the above statement?
I would be interested to know why the trust lent you the amount it did lend you? Why, for example, did you not borrow 1,000x what you actually borrowed?
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I've been told this (by my old umbrella...eeek)
"With regards to the deadline of 30th September, there is nothing for your to report as you have not received any loans that fall under disguised remuneration.
The 2019 loan charge relates to disguised remuneration loans issued to contractors. In other words, those that have come about due to an employed / self-employed relationship.
Any loans that you received were due to the fact that you were a beneficiary of the trust by virtue of a totally separate relationship, there was no employed or self-employed relationship with the Trust. Further to this, the Trust Deed actually excludes employees from becoming a beneficiary. The loans were not linked to disguised remuneration."
I've been paid little tax, that's undeniable, but is there any truth to the above statement?
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Originally posted by DealorNoDeal View PostThere are £penalties if you don't report all of the loans you received by the end of today.
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Originally posted by Willo76 View PostHi Pigeon45,
I've had absolutely no contact from HMRC. Am I off their radar completely or just towards then end of the very long queue ? Do I keep my head down or face late disclosure penalties and/or the LC ??
However, I've been advised by my tax adviser to whom I pay for advice that I should declare by tonight. As sure as a bear sh*ts in the woods, HMRC will find you eventually and take you for what you've got. 7 suicides to-date won't put them off.
It's each individual's decision and not all of them are clear cut. Maybe flip a coin....
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Originally posted by Pigeon45 View PostHi, I have not yet settled with HMRC, in fact so far they've only asked me to complete a tax return for one of the years (out of 4) I was paid with loans. However as it is the 1st tomorrow I am starting to panic a bit and wondering if I should submit my details to them online.
Can anyone offer any advice as to whether, at this stage there's any point in holding off informing HMRC about the loans?
I've had absolutely no contact from HMRC. Am I off their radar completely or just towards then end of the very long queue ? Do I keep my head down or face late disclosure penalties and/or the LC ??
However, I've been advised by my tax adviser to whom I pay for advice that I should declare by tonight. As sure as a bear sh*ts in the woods, HMRC will find you eventually and take you for what you've got. 7 suicides to-date won't put them off.
It's each individual's decision and not all of them are clear cut. Maybe flip a coin....
Leave a comment:
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