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Previously on "A question about recovery of money"

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  • cojak
    replied
    In this podcast Dan Neidle explains that tax avoidance cowboys have no consequences by promoting these schemes, he proposes replacing the rules of cricket with the laws of criminality.

    https://podcasts.apple.com/gb/podcas...=1000663976056

    Leave a comment:


  • Delendog
    replied
    Originally posted by cojak View Post

    Yep, that's about the long and short of it.
    If Labour overturn the loan charge I wonder what would happen to those that have settled if they just stopped paying TTP payments.

    Leave a comment:


  • cojak
    replied
    Originally posted by anandb View Post
    Humm

    So the moral of the story is - do the scam by the books. HMRC wont do that tang to you.. Is that what looks like it.
    Yep, that's about the long and short of it.

    Leave a comment:


  • WTFH
    replied
    Originally posted by anandb View Post
    Humm
    There is no way as a common man can challenge this to HMRC?
    local MPs are mostly useless so no point in talking to them.
    HMRC wont buzz on their stand.
    The internet on the original sum is almost 50%.

    So the moral of the story is - do the scam by the books. HMRC wont do that tang to you.. Is that what looks like it.
    Sorry to hear about this.
    Some local MPs are better than others, I know of a couple of MPs who worked with their constituents and wrote to HMRC, but the responses from HMRC were generic and unhelpful (at best)

    Leave a comment:


  • anandb
    replied
    Humm
    There is no way as a common man can challenge this to HMRC?
    local MPs are mostly useless so no point in talking to them.
    HMRC wont buzz on their stand.
    The interest on the original sum is almost 50%.
    It is frustrating.. there is no process.. only choice is to hire expensive solicitor to fight the case.

    So the moral of the story is - do the scam by the books. HMRC wont do that tang to you.. Is that what looks like it.

    Leave a comment:


  • anandb
    replied
    Humm
    There is no way as a common man can challenge this to HMRC?
    local MPs are mostly useless so no point in talking to them.
    HMRC wont buzz on their stand.
    The internet on the original sum is almost 50%.

    So the moral of the story is - do the scam by the books. HMRC wont do that tang to you.. Is that what looks like it.

    Leave a comment:


  • cojak
    replied
    And even then they only put those names up for one year before taking them off the list. You’ve just got to hope that contractors Google the names before signing up.

    Leave a comment:


  • woody1
    replied
    And the thing is, the disguised remuneration legislation HMRC brought in, at the same time as the Loan Charge, is all encompassing. It's therefore difficult to see how the schemes now aren't anything other than outright evasion. And yet, all HMRC seems to be able to do is publish their names. Pathetic!

    Leave a comment:


  • cojak
    replied
    Originally posted by woody1 View Post
    Judging by the number of new schemes that keep popping up, it seems HMRC are still not on top of this problem after 20-odd years.
    Yep, I don't see any downturn on it.

    Leave a comment:


  • woody1
    replied
    Judging by the number of new schemes that keep popping up, it seems HMRC are still not on top of this problem after 20-odd years.

    Leave a comment:


  • cojak
    replied
    Quackhandle had a question:

    Originally posted by quackhandle View Post
    Okay dumb question alert, but why doesn't HMRC go after the owners of these companies?

    qh
    to which I replied:

    Originally posted by cojak View Post

    I guess that according to current legislation they’ve done nothing illegal, the onus is on contractors to get this stuff right.

    The salesmen and agencies who knowingly push contractors into these schemes for a fat commission should be the easiest targets for fines and sanctions IMO.

    Leave a comment:


  • woody1
    replied
    Exactly what cojak says.

    Forget going after scheme operators. Forget fighting HMRC.

    Accept that you'll have to pay. Arrange a payment plan* (time to pay) if you need to. Move on with your life.

    * there's usually no problem getting HMRC to agree to a few years to pay but they have been known to allow over 10 years

    Leave a comment:


  • cojak
    replied
    It is a close to zero probability that anyone will be able to claim any money back from scheme owners because they were very careful to make those schemes safe from that kind of litigation.

    Contractors have attempted to join class action in an to attempt to fight HMRC, but generally they have simply thrown good money after bad (search ‘class action’ in this forum).

    The only thing that appears to work is to get a reputable tax specialist to negotiate with HMRC the sums involved and the best way to pay.

    Leave a comment:


  • cojak
    started a topic A question about recovery of money

    A question about recovery of money

    Anandb has asked:

    Originally posted by anandb View Post
    Ok.. Loan charge was made illegal in 2017.
    But most of the users were defrauded by AML and Vanquish and SP management and what not.
    How contractors are going to recover the money from them?
    Any ideas?
    Is anyone who is stung by loan charge planning class action like suit against AML etc?

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