Originally posted by Iliketax
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Ecron Management Services
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HMRC are a sham
We all read HMRC’s spotlights and instantly feel terrified about using any solution. However, we all forget that HMRC aren’t really the government. Yes they make sure we pay the right taxes but when it comes down to taking down solutions they have to ask the real government for their opinion and then their permission!
HMRC’s spotlights that they post on their website (e.g. Spotlight 35 and 42) are based on HMRC’s opinion on the solution but it doesn’t actually explain why the solution doesn’t work. They post these spotlights to scare people so they won’t use them. The only solutions that ave been taken down are LOANS after 30 years of them running. When HMRC challenged annuities, the annuities won as their was no proof of any indebtedness to be repaid. These solutions are completely legal to use and if there is no indebtedness then what reason do HMRC have to investigate us?
I’m sure not many people are aware as HMRC try to keep this on the down low.. but HMRC are under investigation by the EU court due to the APN’s they sent out in 2016. The Financial Times explained how over 2,000 APN’s were revoked due to HMRC wanting to investigate people's LTD’s unnecessarily; the EU Court saw this as breaking peoples basic human rights and are still under investigation.
Can we trust HMRC? The only illegal solutions to use are EBT’s which HMRC brought down in 2014/2015. CBT’s (most loans, annuities and option payments) are completely legal to use and something HMRC are struggling to take down. They do it through posting on social media and creating these bogus spotlights. They even send phishing letters to scare you into admiting you used a solution and once you do that they make you pay money to them.
My brother is a contractor too and we both use a solution called Ecron Management, it is completely legal to use and we trust the method fully. In the 3 years I have been using it, we haven’t received any issues from HMRC the only time I did was when I used Infinity (a loan) and received an APN, the company even changed their name to Choice and offered me no support!
We really need to educate ourselves on these different types of solutions and not let ourselves be brainwashed into the OPINION of a large Limited Company (I.e. HMRC) who do not have as much control over legislation as we like to believe.Comment
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Originally posted by McNezzie View PostWe all read HMRC’s spotlights and instantly feel terrified about using any solution. However, we all forget that HMRC aren’t really the government. Yes they make sure we pay the right taxes but when it comes down to taking down solutions they have to ask the real government for their opinion and then their permission!
HMRC’s spotlights that they post on their website (e.g. Spotlight 35 and 42) are based on HMRC’s opinion on the solution but it doesn’t actually explain why the solution doesn’t work. They post these spotlights to scare people so they won’t use them. The only solutions that ave been taken down are LOANS after 30 years of them running. When HMRC challenged annuities, the annuities won as their was no proof of any indebtedness to be repaid. These solutions are completely legal to use and if there is no indebtedness then what reason do HMRC have to investigate us?
I’m sure not many people are aware as HMRC try to keep this on the down low.. but HMRC are under investigation by the EU court due to the APN’s they sent out in 2016. The Financial Times explained how over 2,000 APN’s were revoked due to HMRC wanting to investigate people's LTD’s unnecessarily; the EU Court saw this as breaking peoples basic human rights and are still under investigation.
Can we trust HMRC? The only illegal solutions to use are EBT’s which HMRC brought down in 2014/2015. CBT’s (most loans, annuities and option payments) are completely legal to use and something HMRC are struggling to take down. They do it through posting on social media and creating these bogus spotlights. They even send phishing letters to scare you into admiting you used a solution and once you do that they make you pay money to them.
My brother is a contractor too and we both use a solution called Ecron Management, it is completely legal to use and we trust the method fully. In the 3 years I have been using it, we haven’t received any issues from HMRC the only time I did was when I used Infinity (a loan) and received an APN, the company even changed their name to Choice and offered me no support!
We really need to educate ourselves on these different types of solutions and not let ourselves be brainwashed into the OPINION of a large Limited Company (I.e. HMRC) who do not have as much control over legislation as we like to believe."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Originally posted by cojak View PostUntil April 2019...Comment
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Originally posted by LordEntropy View PostSo Ecron contacted me and said that the potential IR35 changes for next year won't make any difference, which I didn't really understand. Anyone got any ideas???
What is the 2019 Loan Charge?"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Originally posted by cojak View PostMy comment had absolutely NOTHING to do with IR35, it had EVERYTHING to do with the 2019 Loan Charge.
What is the 2019 Loan Charge?
I was just asking about Ecron and whether what they offer is legit or just another scam that would likely get me into a lot of trouble with the crooks at HMRC.
I should have put this as a separate comment and not quoted you.Comment
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Ecron Management Services
Originally posted by LordEntropy View PostSo Ecron contacted me and said that the potential IR35 changes for next year won't make any difference, which I didn't really understand. Anyone got any ideas???
Is that seriously the way that you want to run your business?Comment
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Originally posted by LordEntropy View PostApologies, I misunderstood.
I was just asking about Ecron and whether what they offer is legit or just another scam that would likely get me into a lot of trouble with the crooks at HMRC.
I should have put this as a separate comment and not quoted you.
But read both of my links - any company promising >80% take home will be putting you into HMRC's cross-hairs come April 2019..."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Originally posted by cojak View PostNo apology needed.
But read both of my links - any company promising >80% take home will be putting you into HMRC's cross-hairs come April 2019...Comment
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Regardless of whether it’s termed a loan or not, if you’re getting an income for working/providing a service and not paying tax on it by whatever convoluted means, you’re in HMRC’s crosshairs. And you’re not paying any tax btw. The deductions of ~20% go straight into the pockets of the provider.Comment
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