Reply to: AML/Knox House Trustloan write off

[luxCon]

letters saying the trusts that AML set up for me to use between 2010 and 2016 are still 'active' and accruing annual charges. They want payment for the last 4 years and they will charge me a fee to terminate these trusts.

Is there a law firm who can help me with this as they are threatening legal action now?

Have you checked the paperwork they sent you at the start to see what charges apply first?
Most trust will charge a unjustified fee to write off, however check to see if you were liable for a annual charge first.

[amfitrite]

Knox House Trust chasing me for annual trust payments and a fee to terminate trusts

I settled with the HMRC this year but Knox House Trust have been sending me threatening letters saying the trusts that AML set up for me to use between 2010 and 2016 are still 'active' and accruing annual charges. They want payment for the last 4 years and they will charge me a fee to terminate these trusts.

Is there a law firm who can help me with this as they are threatening legal action now?

[ric_77]

Hi

I have a the Smartpay contact details does anybody have the same for AML Knox please?

thanks

[panders]

I've recently just settled in full. Can I ask what documents are being provided as proof of settlement, I've had loans with AML and Smartpay
thx

I sent the correspondence from HMRC confirming the agreed settlement, that was all.

[Swan1e]

proof of settlement

I've recently just settled in full. Can I ask what documents are being provided as proof of settlement, I've had loans with AML and Smartpay
thx

[GregRickshaw]

I have received three write-off letters from Knox house and it seems they are willing to put whichever trust name they you ask them to put on their 'write off template' letter.

Not sure if they really hold any records of loans etc...as they may be acting as front of may trusts.

I wish some of the others would do this

[patel]

Murky world of all these trustees..

I have received three write-off letters from Knox house and it seems they are willing to put whichever trust name they you ask them to put on their 'write off template' letter.

Not sure if they really hold any records of loans etc...as they may be acting as front of may trusts.

[panders]

Ok so I have settled but over 8 (offered by HMRC) years meaning it wont finish till 2028 - Can I have these written off now?

This was suppose to have been taken care of by my "advisor" who is no longer about!! No Idea if its been done or not anf if I should approach AML or not.

Thanks in advance.

I'm also settling over a lengthy repayment period, they accepted my settlement confirmation as it stood.

[webberg]

I suggest that investing in a phone call to AML might be worth while, rather than ask anonymous posters here who probaly don't know?

[MKCIARN]

Mine was within days....I'd say just a couple at the most.

Ok so I have settled but over 8 (offered by HMRC) years meaning it wont finish till 2028 - Can I have these written off now?

This was suppose to have been taken care of by my "advisor" who is no longer about!! No Idea if its been done or not anf if I should approach AML or not.

Thanks in advance.

[DealorNoDeal]

You might also want to check out the CVs of the people at PTS.

Independent adviser is the way to go.

(But I would say that wouldn't I?)

But in this case it's the only sensible advice.

That Vanquish shyte was never going to end well.

[webberg]

You might also want to check out the CVs of the people at PTS.

Independent adviser is the way to go.

(But I would say that wouldn't I?)

[CDJ]

Hi there follow contractors,

Wondering if any of you have heard of any group legal action being taken against the AML group of companies? I settled their loan charge via Vanquish (now Vanish) Options last year, only to then be landed with the HMRC bill!! I have been on the phone a lot with Knox House Trust and now they are passing me to PTS Tax who want to charge me to appeal. Yet more money thrown at this! The whole thing is a sh*t show if you ask me Grateful for any input on this. Thanks.

Unfortunately Huwmat, you've dug yourself a bit of a hole and what you need to do is get good INDEPENDENT advice from a tax specialist. You say you "settled" the loan charge via Vanquish, but this was just a scheme on top of a scheme. Whilst legal action against AML might work, but I wouldn't bet on it - your immediate concern is remediating the tax issues with HMRC.. you can't settle this with another scheme.. I wish you all the best (and believe me, I do you feel your pain having lost my life savings paying HMRC for my EBTs), but you need to stop giving these charlatans your money and start working to properly resolve your situation

[Huwmat]

Former AML Contractor now dealing with HMRC through PTS Tax

Hi there follow contractors,

Wondering if any of you have heard of any group legal action being taken against the AML group of companies? I settled their loan charge via Vanquish (now Vanish) Options last year, only to then be landed with the HMRC bill!! I have been on the phone a lot with Knox House Trust and now they are passing me to PTS Tax who want to charge me to appeal. Yet more money thrown at this! The whole thing is a sh*t show if you ask me Grateful for any input on this. Thanks.

[dangermaus]

All,
I had loan from The Corporate Trustee: SP Management Limited in its capacity as Trustee of The SP Management Trading Trust....though, can not trace these entities now.

Any pointers who may be writing-off my loans if there is no trace of actual trust...do not even know where to look for this trust.

Regards,

I contacted SP Management directly via email at [email protected] and once I gave them proof of settlement with HMRC they were very quick to write off the loans (within a couple of days)