Opus bestpay loan Scheme

[Rogiebear]

Hi all.

So i decided to join bestpay around a year ago thinking everything was legit.

Tried for a mortgage at a bank which was refused due to me not being able to prove my taxable income. I research more and the horror came apparent that i was using a loan scheme.

My partner was expecting me to speak to a mortgage broker this weekend to secure a large deposit on a house. Im not now going to do this as i am looking to settle what i owe with HMRC help. Probably looking at around £20,000

This has put my future in jeopardy due to me not being careful and coaxed into this supposedly 100% compliant scheme.

Am i right to just settle what i owe HMRC rather than buy a house, risk being investigated and losing my new home??

[Fred Bloggs]

Oh dear, what shame you didn't come here a year ago.

[jbryce]

Hi all.

So i decided to join bestpay around a year ago thinking everything was legit.

Tried for a mortgage at a bank which was refused due to me not being able to prove my taxable income. I research more and the horror came apparent that i was using a loan scheme.

My partner was expecting me to speak to a mortgage broker this weekend to secure a large deposit on a house. Im not now going to do this as i am looking to settle what i owe with HMRC help. Probably looking at around £20,000

This has put my future in jeopardy due to me not being careful and coaxed into this supposedly 100% compliant scheme.

Am i right to just settle what i owe HMRC rather than buy a house, risk being investigated and losing my new home??

If you can afford £20,000, just pay, regard it as a painful lesson and get on with the rest of your life. You'll just have to get a slightly smaller house.

[DotasScandal]

Hi all.

So i decided to join bestpay around a year ago thinking everything was legit.

Tried for a mortgage at a bank which was refused due to me not being able to prove my taxable income. I research more and the horror came apparent that i was using a loan scheme.

My partner was expecting me to speak to a mortgage broker this weekend to secure a large deposit on a house. Im not now going to do this as i am looking to settle what i owe with HMRC help. Probably looking at around £20,000

This has put my future in jeopardy due to me not being careful and coaxed into this supposedly 100% compliant scheme.

Am i right to just settle what i owe HMRC rather than buy a house, risk being investigated and losing my new home??

Not sure how you jump from "being investigated" to "losing your new home". But if you want to volunteer throwing your money down the drain, by all means, go ahead... It's your money.

You might want to read up on the "2019 charge" as well.

[Rogiebear]

Not sure how you jump from "being investigated" to "losing your new home". But if you want to volunteer throwing your money down the drain, by all means, go ahead... It's your money.

You might want to read up on the "2019 charge" as well.

What is this 2019 charge what would happen if i settle what i owe now?

[Juniper1]

I have also received a letter from HMRC with regards to this scheme.Still trying to digest what it all means and I'm looking for a reliable source of information and advice. Any help at this stage would be appreciated.

[Juniper1]

I'm also a member of the Scheme have you contacted Best Pay and have they offered you any advice

[jbryce]

I have also received a letter from HMRC with regards to this scheme.Still trying to digest what it all means and I'm looking for a reliable source of information and advice. Any help at this stage would be appreciated.

Speak to an accountant, although there are a lot of ambulance chasers out there. I'd suggest WTT who are behind the BigGroup, contact webberg for details.

I'm sorry you're in this mess, however, the general way this goes is that BestPay will offer limited support but the reality is that they are unlikely to defend their arrangement through the courts.

[Juniper1]

Hi can I get access to send PM. I see that membership is closed temporarily I'm assuming I can still get advice as any response have to make is time critical.

[FHA]

we are an accounting firm dealing with investigations for clients who have got mixed up with opus schemes without realising the implications.

my advice is get an accountant to rework your tax return correctly and pay the tax across. surcharges can be up to 60% of the tax due on top of the tax payable so could be very expensive!

check the calculations though as HMRC may not have the correct information.