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harry7476
19th November 2014, 00:53
Hi All,

I had the misfortune of being in a loan scheme pre 2011. I got flagged up a couple of years back. The company closed down (which owned the solution) but their legal representative started talking to HMRC collectively for all contractors who wanted to be represented.

Now I have been given the option to settle without paying additional penalties.

Is someone in the same position - what are you doing?

Is HMRC very serious about this thing?

I got c.50k via the trust solution - any clue on the penalty?

Please spare me the moral talk ------ the scheme was an error of judgement.

Any feedback is much appreciated.

Thanks

cojak
19th November 2014, 07:57
Hi All,

I had the misfortune of being in a loan scheme pre 2011. I got flagged up a couple of years back. The company closed down (which owned the solution) but their legal representative started talking to HMRC collectively for all contractors who wanted to be represented.

Now I have been given the option to settle without paying additional penalties.

Is someone in the same position - what are you doing?

Is HMRC very serious about this thing?

I got c.50k via the trust solution - any clue on the penalty?

Please spare me the moral talk ------ the scheme was an error of judgement.

Any feedback is much appreciated.

Thanks

Is someone in the same position?? Did you come upon this forum via Tapatalk??

This subject has it's own sub-forum. I've moved your post to here: http://forums.contractoruk.com/hmrc-scheme-enquiries/

If you tell us who the scheme provider was I'll move you to the appropriate thread. But until you do that I'd advise that you read this thread:
http://forums.contractoruk.com/hmrc-scheme-enquiries/100454-settlement-opportunity.html

and then
http://forums.contractoruk.com/hmrc-scheme-enquiries/86442-hmrc-enquiry-letters-loans-ebt-other-schemes.html
(although things have moved on after the 1st 20 pages...)

LisaContractorUmbrella
19th November 2014, 08:04
Hi All,

I had the misfortune of being in a loan scheme pre 2011. I got flagged up a couple of years back. The company closed down (which owned the solution) but their legal representative started talking to HMRC collectively for all contractors who wanted to be represented.

Now I have been given the option to settle without paying additional penalties.

Is someone in the same position - what are you doing?

Is HMRC very serious about this thing?

I got c.50k via the trust solution - any clue on the penalty?

Please spare me the moral talk ------ the scheme was an error of judgement.

Any feedback is much appreciated.

Thanks

HMRC don't know how to be any other way & WCS