Dear all,
I am new to this so please be gentle. I was with Bedouin for 12 months from September 2009 to August 2010. Using EBT employment benefit trust a loan scheme. In this time, I received payments of ca. £26,000 from Bedouin (I went over old bank statements and calculated all the payments I received from them).
In 2015 I received a notice of assessment for tax year 2010/2011 asking me to pay £3,640. On advice of a legal independet finantial advisor firm that Bedouin had contracted I appealed and in June 2015 I got confirmation that said that the appeal was successful and that collection of the amount was postponed until further notice.
I never heard back until July 2018 when I received another letter from HMRC in which they referred to the upcoming loan charge and mentioned that they believed I had taken part in a tax avoidance scheme. They asked to contact them by email or phone which I did. Upon leaving a message I got a call back in late July and the HMRC representative I spoke to agreed to send me the calculation of what I supposedly owe. I am still awaiting this letter... Last week I then also received a response to the email I had sent back in July. It seemed to be a standard email, thanking me for contacting them to discuss my settlement and attaching the settlement pack form.
Given that my tax liability will most probably be comparatively low, I would like to settle asap. I have filled in the spreadsheet HMRC sent (the settlement pack) and returned it to them, but left out the loan amounts as I wasn’t sure what exactly they were and asked HMRC to come back with a calculation.
I am keen to provide HMRC with all the information they need so would like to resent the spreadsheet with the loan amounts. Unfortunately I am illiterate in regards to these matters so am really not sure what to input here…
Is it the pay I received from Bedouin? I don’t have the contract I signed with them, just a personal illustration and very few pay slips. I do however have most of the bank statements covering said period so could clarify what I have received.
Also, in regards to their question if would ‘intend to have the loans written off within 30 days of settlement agreement’ – what exactly does this mean and what should I input?
I would really appreciate your help in clarifying. Thanks a lot!
I am new to this so please be gentle. I was with Bedouin for 12 months from September 2009 to August 2010. Using EBT employment benefit trust a loan scheme. In this time, I received payments of ca. £26,000 from Bedouin (I went over old bank statements and calculated all the payments I received from them).
In 2015 I received a notice of assessment for tax year 2010/2011 asking me to pay £3,640. On advice of a legal independet finantial advisor firm that Bedouin had contracted I appealed and in June 2015 I got confirmation that said that the appeal was successful and that collection of the amount was postponed until further notice.
I never heard back until July 2018 when I received another letter from HMRC in which they referred to the upcoming loan charge and mentioned that they believed I had taken part in a tax avoidance scheme. They asked to contact them by email or phone which I did. Upon leaving a message I got a call back in late July and the HMRC representative I spoke to agreed to send me the calculation of what I supposedly owe. I am still awaiting this letter... Last week I then also received a response to the email I had sent back in July. It seemed to be a standard email, thanking me for contacting them to discuss my settlement and attaching the settlement pack form.
Given that my tax liability will most probably be comparatively low, I would like to settle asap. I have filled in the spreadsheet HMRC sent (the settlement pack) and returned it to them, but left out the loan amounts as I wasn’t sure what exactly they were and asked HMRC to come back with a calculation.
I am keen to provide HMRC with all the information they need so would like to resent the spreadsheet with the loan amounts. Unfortunately I am illiterate in regards to these matters so am really not sure what to input here…
Is it the pay I received from Bedouin? I don’t have the contract I signed with them, just a personal illustration and very few pay slips. I do however have most of the bank statements covering said period so could clarify what I have received.
Also, in regards to their question if would ‘intend to have the loans written off within 30 days of settlement agreement’ – what exactly does this mean and what should I input?
I would really appreciate your help in clarifying. Thanks a lot!
Comment