Reply to: Settlment offer from HMRC

[lowpaidworker]

Hi can you explain what they refer as a windfall? Thanks

Inheritance or pensions. So for me right now with two kids both in Junior school i dont have much disposable cash. However in 8 years I can draw a pension and lump sum and also may inherit whihc i can use.

Bascially as the main bread winner i cannot afford to pay the amount they want even with a 15 year TTP

[GregRickshaw]

there is no limit on the TTP. Obviosuly depends on your age. I am negotiating but will need to use what they describe as windfalls. Whole thing is painful but i agree with comments about keeping your MP who hopefully is sympathetic involved.

What I am finding amazing is the total lack of knowledge of the poeple you deal with at HMRC. They seem to make things up as they go along. I have had to correct them so many times. I then get wait let me speak to someone. A week later they confirm what you told them.

It does depend on who you get on the other end of the phone, there is a degree of luck in that part, however if you plead your case and are honest with them, tell them all your circumstances they tend to come down on your side, even if it's somewhere in the middle.

[Delendog]

there is no limit on the TTP. Obviosuly depends on your age. I am negotiating but will need to use what they describe as windfalls. Whole thing is painful but i agree with comments about keeping your MP who hopefully is sympathetic involved.

What I am finding amazing is the total lack of knowledge of the poeple you deal with at HMRC. They seem to make things up as they go along. I have had to correct them so many times. I then get wait let me speak to someone. A week later they confirm what you told them.

Hi can you explain what they refer as a windfall? Thanks

[lowpaidworker]

120 months

there is no limit on the TTP. Obviosuly depends on your age. I am negotiating but will need to use what they describe as windfalls. Whole thing is painful but i agree with comments about keeping your MP who hopefully is sympathetic involved.

What I am finding amazing is the total lack of knowledge of the poeple you deal with at HMRC. They seem to make things up as they go along. I have had to correct them so many times. I then get wait let me speak to someone. A week later they confirm what you told them.

[GregRickshaw]

As with everything here get proper legal advice.

I second this... get legal advice
Get tax advice
and get clarification from HMRC

[eek]

Just doing some digging.

The scheme provider I was with at the time had 2 names/locations.
1 was Ireland
The other was a office based in UK.
For the UK office the company is listed as “dissolved via compulsory strike-off” in 2018.

Last note on company house was:
“On dissolution, all property and rights vested in, or held on trust for the company, immediately before dissolution are deemed to be bona vacantia and vest in the Crown”

As with everything here get proper legal advice.

[Steve1]

Was a lot of horse trading went on, and yes you have to bare your soul but very happy with the outcome.

The paragraph you quoted I suggest you talk to your tax lawyers/advisers about it.

Just doing some digging.

The scheme provider I was with at the time had 2 names/locations.
1 was Ireland
The other was a office based in UK.
For the UK office the company is listed as “dissolved via compulsory strike-off” in 2018.

Last note on company house was:
“On dissolution, all property and rights vested in, or held on trust for the company, immediately before dissolution are deemed to be bona vacantia and vest in the Crown”

[GregRickshaw]

Did you request this?
I have been offered 60 months. Over this period I thought HMRC requested more info on current earnings etc?

I have late payment interest and forward interest added to mine.

And another thing,
What has any one done about this statement which is on the same letter.

‘You may want to take steps for the loans to be released within the 30 days of agreeing settlement with us. If you do, no further tax will be payable on those loans."

Was a lot of horse trading went on, and yes you have to bare your soul but very happy with the outcome.

The paragraph you quoted I suggest you talk to your tax lawyers/advisers about it.

[Steve1]

120 months

Did you request this?
I have been offered 60 months. Over this period I thought HMRC requested more info on current earnings etc?

I have late payment interest and forward interest added to mine.

And another thing,
What has any one done about this statement which is on the same letter.

‘You may want to take steps for the loans to be released within the 30 days of agreeing settlement with us. If you do, no further tax will be payable on those loans."

[GregRickshaw]

Thanks for that - much appreciated.

No worries, I got the idea to get help from an MP from other posters and from CAB, who had sought their MPs help, worth a shot?

[DavidD]

Thanks for that - much appreciated.

[GregRickshaw]

Do you mind sharing how long you have been given to pay?

120 months

[DavidD]

Got mine last week with a deadline of 29th August?

Got an elongated hugely TTP though.

Glad it's over.

Do you mind sharing how long you have been given to pay?

[GregRickshaw]

Been asked to sign off my settlement agreement and get my letter back to them by the 2nd September 2020.

Is this the deadline? I thought it was 30th sept?

HMRC letters always mention a deadline which never is!!

Got mine last week with a deadline of 29th August?

Got an elongated hugely TTP though.

Glad it's over.

[uppoocreek]

HMRC settlement letter

Been asked to sign off my settlement agreement and get my letter back to them by the 2nd September 2020.

Is this the deadline? I thought it was 30th sept?

HMRC letters always mention a deadline which never is!!

Got same letter from HMRC yesterday given until 6th September to return. Also interest added although previous settlement in Jun 2019 (yes its been going on that long!) had none. When questioned HMRC said was a mistake and they had referred my case to their case management team and they had reassessed my case and I was due the interest which you can NOT challenged so it has to be put on. They are also charging FORWARD interest so my bill has gone up ££££.

Time to pay moved from 54 months to 82 months though.