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View Full Version : Searching for other users of ICS / Merchant / Marra EBT schemes



hairyaardvark
18th June 2015, 07:41
Hello guys,
I've been searching for a group thread of contractors who used ICS (still going in UK) and Isle of Man EBT/loan companies Merchant and Marra, roughly from years 2007 through 2010.

The scheme and loan setups used sound extremely similar to those I've read about from Edge, Sanzar etc., and I know they had at least several hundred contractors (if not more) involved. However I haven't seen any dedicated thread dealing with these companies.

I've been caught up in the CLSO with HMRC claiming my loans are taxable income for the years 2007-2008, 2008-2009 and 2009-2010 (I left the scheme at the start of 2011 so I don't exactly know what happened after that).

ICS is being utterly pathetic about the whole thing. They are still replying to emails but are frankly refusing to really engage. It isn't even clear if they have funding or coverage to fight any potential litigation in the courts.

Anyone else in the same position, and if so, what are you planning to do about the 30th June settlement deadline? For my part I've started taking out Certificates Of Tax Deposit, but am still unsure whether to pay up, since I really do feel like HMRC are taking the piss with the retrospective legal change.

If I did pay up, I'm also not clear as to whether that means that any loans I had are rendered illegal/void/unenforceable, should Merchant or Marra actually ever want me to repay them. Whilst this might seem unlikely, I'd want HMRC to underwrite this in some way.

thanks
hairyaardvark

DotasScandal
18th June 2015, 08:39
ICS is being utterly pathetic about the whole thing. They are still replying to emails but are frankly refusing to really engage. It isn't even clear if they have funding or coverage to fight any potential litigation in the courts.

Just from reading the above I think it's safe to say they are not planning a fight....



Anyone else in the same position, and if so, what are you planning to do about the 30th June settlement deadline? For my part I've started taking out Certificates Of Tax Deposit, but am still unsure whether to pay up, since I really do feel like HMRC are taking the piss with the retrospective legal change.


The 30 June deadline is to apply for the SO.
Have your received settlement figures? are they correct?
And do you have an APN? (or multiple APNs?). It's not clear from your post.



If I did pay up, I'm also not clear as to whether that means that any loans I had are rendered illegal/void/unenforceable, should Merchant or Marra actually ever want me to repay them. Whilst this might seem unlikely, I'd want HMRC to underwrite this in some way.


No, you taking the SO does not render the loans void. Unfortunately, it is not that simple.

I would suggest you join BIG GROUP (link in my sig.), who may be able to help

hairyaardvark
18th June 2015, 09:49
Thanks for the tip on the BIG group, I'll look it up now.

In answer to your other questions:
- yes the figures they've sent me a 99% correct (we've been back and forward a few times but they are correct now)
- no I've not yet seen any APNs
- this might be because I've proactively told HMRC that I'm taking out Certificates of Tax Deposit (which pretty much achieves the same aim as an APN) ... but it might be unrelated

Hashtagkm
23rd September 2015, 19:52
Hello guys,
I've been searching for a group thread of contractors who used ICS (still going in UK) and Isle of Man EBT/loan companies Merchant and Marra, roughly from years 2007 through 2010.

The scheme and loan setups used sound extremely similar to those I've read about from Edge, Sanzar etc., and I know they had at least several hundred contractors (if not more) involved. However I haven't seen any dedicated thread dealing with these companies.

I've been caught up in the CLSO with HMRC claiming my loans are taxable income for the years 2007-2008, 2008-2009 and 2009-2010 (I left the scheme at the start of 2011 so I don't exactly know what happened after that).

ICS is being utterly pathetic about the whole thing. They are still replying to emails but are frankly refusing to really engage. It isn't even clear if they have funding or coverage to fight any potential litigation in the courts.

Anyone else in the same position, and if so, what are you planning to do about the 30th June settlement deadline? For my part I've started taking out Certificates Of Tax Deposit, but am still unsure whether to pay up, since I really do feel like HMRC are taking the piss with the retrospective legal change.

If I did pay up, I'm also not clear as to whether that means that any loans I had are rendered illegal/void/unenforceable, should Merchant or Marra actually ever want me to repay them. Whilst this might seem unlikely, I'd want HMRC to underwrite this in some way.

thanks
hairyaardvark


Hi hairyaardvark
I used ICS between 2008-2010 and also have the dreaded brown envelopes.

Would be really interested to see how you've since got on with HMRC & in particular, ICS's reaction to your settlement discussions. Semantics of legality, morality aside, what i'm losing sleep over is the potential of ICS recalling loans during the period in question. Did you ever manage to get anywhere with them on this?

Either way would be great to chat. Perhaps PM me and we'll talk further?