I contracted through ICS between 2007 and 2008, and have concerns with Merchant Group over the EBT payments arising from the recent actions of HMRC and letters around their EBT Scheme.
It is encouraging that ICS - Merchant Group - is taking action with HMRC however ICS's interests are not completely aligned with mine. ICS are deferring comments about their approach to any tax owing, tax penalties and ICS fees until the courts have reached a decision.
Probably the most significant hidden risk that myself, and possibly others, face in terms of any claim against ICS or any other party involved is that a claim must be started within the applicable statutory time limit. If the claim is not started within the applicable time limit then the right to pursue the claim is lost. Tax disputes such as this generally take quite a long time to resolve, often a number of years. It is entirely possible that if ICS continue to fight HMRC by the time that tax dispute is at an end if HMRC wins it will be too late to bring a claim against ICS or any other third party.
I'd be interested in hearing thoughts on others involved with ICS, Merchant Group or experience with the above situation.
It is encouraging that ICS - Merchant Group - is taking action with HMRC however ICS's interests are not completely aligned with mine. ICS are deferring comments about their approach to any tax owing, tax penalties and ICS fees until the courts have reached a decision.
Probably the most significant hidden risk that myself, and possibly others, face in terms of any claim against ICS or any other party involved is that a claim must be started within the applicable statutory time limit. If the claim is not started within the applicable time limit then the right to pursue the claim is lost. Tax disputes such as this generally take quite a long time to resolve, often a number of years. It is entirely possible that if ICS continue to fight HMRC by the time that tax dispute is at an end if HMRC wins it will be too late to bring a claim against ICS or any other third party.
I'd be interested in hearing thoughts on others involved with ICS, Merchant Group or experience with the above situation.
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