AML 2019 Loan Charge

[WTFH]

Just a little warning... If you have received an email in your inbox in the last few days from PTS thanking you for your call a couple of days ago and claiming that you only owe for one year, but would you mind paying them £250/300/600, it is a fishing email. They are sending it out to a lot of AML/SmartPay/KHT clients in the hope that some will bite and send them the money.

I’m not an accountant or a lawyer, but if someone stole from your house, then contacted you asking for your bank card PIN number so they could get more out of you, you might think twice before saying “Sure”

[TheDowntrodden]

Outrageous behaviour

Just a little warning... If you have received an email in your inbox in the last few days from PTS thanking you for your call a couple of days ago and claiming that you only owe for one year, but would you mind paying them £250/300/600, it is a fishing email. They are sending it out to a lot of AML/SmartPay/KHT clients in the hope that some will bite and send them the money.

I’m not an accountant or a lawyer, but if someone stole from your house, then contacted you asking for your bank card PIN number so they could get more out of you, you might think twice before saying “Sure”

Hi all - first post and I am sad to have to introduce myself under such incredibly messy circumstances. I am in the AML/Carnegie Knox/SmartPAY/SP-MGT/PTS/Vanquish maelstrom and can confirm that the latter two entities trying to "solve" your problems are aggressively optimistic about what they can do for you.

I was gullible enough to fall for the simplicity of letting AML/CK/SP handle my renumeration between 2012 and 2018 and to the best of my calculations will be asked by HMRC to settle on a figure not less than £50k, likely far greater when any fines and penalties are added as well as compound interest. If I do nothing, I suspect LC19 will hit me for well over £62k before any of the bonus extras.

What PTS/Vanquish (moreso Vanquish) are doing is an atrocity. AML are being relatively helpful in providing all the information I request, as are SmartPAY, but I imagine this is as far as any help will go. I'll be in contact with phil@dwstres and Webberg to get the opinions of their teams, and to provide any possible new insight or information that may not have come to light to them yet.

[webberg]

£50k, likely far greater when any fines and penalties are added as well as compound interest. If I do nothing, I suspect LC19 will hit me for well over £62k before any of the bonus extras.

.

I've extracted some quotes from your post.

If you settle, you will pay interest on open years (i.e. those with an open enquiry). You will not pay interest on any years you settle that are not open. Interest is ALWAYS calculated on a "simple" basis, never compound.

If you settle, a "fine" or "penalty" is not charged.

If you decide to wait for the loan charge, your calculation may be right, but there will be no interest or penalties (if that is what you mean by "bonus extras").

I appreciate that this may all be a shock and am obliged to say (as you have mentioned my name) that seeking information and advice as to the situation is the best way to proceed. Understanding the situation should remove the fear of the unknown. We offer a free initial call and I'm pretty sure Phil does as well. Take advantage of that and call us both. Hopefully we are aligned in terms of what is happening although we do offer different methods to deal with it.

What I would say however, is that posts here and elsewhere which predict doom and gloom based on lack of information do have a tendency to spread false rumours and alarm and panic people which is exactly what HMRC want,

[patel]

Settlement Pack to actual closure timelines – HMRC delays

All,

I have submitted my settlement pack to HMRC on 16-Aug-18 and yet to hear back from them. Is this normal or do I need to chase them? I had this arrangement only for a year (2016-17) and it was lumpsum amount so it is straight forward case as such.

Bit anxious as want to get out of this mess at the earliest…

Regards,

[webberg]

All,

I have submitted my settlement pack to HMRC on 16-Aug-18 and yet to hear back from them. Is this normal or do I need to chase them? I had this arrangement only for a year (2016-17) and it was lumpsum amount so it is straight forward case as such.

Bit anxious as want to get out of this mess at the earliest…

Regards,

3 months is about normal.

Note that HMRC has told Parliament that they will "respond" to all settlement requests before the end of November.

That probably means "thanks for your submission, we'll get back to you".

[1887wwfc]

Still waiting

3 months is about normal.

Note that HMRC has told Parliament that they will "respond" to all settlement requests before the end of November.

That probably means "thanks for your submission, we'll get back to you".

Well I'm still waiting and the 30th of November is almost upon us. My CLSO2 submission is with WTT (end of July) but heard nothing. Be interested to hear from Graham how many still in same boat

[webberg]

Well I'm still waiting and the 30th of November is almost upon us. My CLSO2 submission is with WTT (end of July) but heard nothing. Be interested to hear from Graham how many still in same boat

I'm not going to discuss client business here.

Suffice to say that a very unscientific poll we did recently (end October) showing that around 5% of those asking for settlement calculations had actually had them.

We know November has been busier, but I'd be surprised if more than 20% of requests had seen some response.

[1887wwfc]

I'm not going to discuss client business here.

Suffice to say that a very unscientific poll we did recently (end October) showing that around 5% of those asking for settlement calculations had actually had them.

We know November has been busier, but I'd be surprised if more than 20% of requests had seen some response.

Thanks Graham for the estimation. It's just useful to know if you are still waiting that you're actually in the majority of cases. I fully realise and expect that you cannot discuss client business.

[Noodles67]

Hi all in same boat was using sanzar solutions for litlke over a year... how made arrangement with hmrc to pay back now travelling the world but got email as show previously by other users and really confused. It states i owe tge loan amount? The trustees loan was used to pay us... is this right can anyone explain in layman terms. Cant get hold of my old fashioned accountant as he doesnt have email and am in Australia atm. Cheers for any help. Below is the email.

Over the last few months, you will have received letters (attached to this email) and emails from Helpline Services Ltd (Trusthelpline. com) (THL) acting in our capacity as Communication Administrators, engaged by the Trustees of the Trusts and former employers of several Brands, one of which (or more than one) were involved with you and your former employer.

These Brands are:
Sanzar Solutions, Tudor Pay, Long Acre, Eximius, Dynamic Partners, IQ, Darwin, Garraway and Winchester.

The outstanding loan(s) that you have with one or more of these fall in scope of the 2019 Loan Charge whereby HMRC will retrospectively Tax any loans established through Contractor loan arrangements if the loan(s) are still outstanding on 5th April 2019.

You have previously logged into the Portal and confirmed you are the correct person, and you have also supplied your KYC (Know Your Customer) information and we have confirmed your identity.

The Trustees require you to urgently engage with THL via their portal located at thlportaldotazurewesbites.net <mod snip-link removed>

Please go to the Portal and use “Contact Us” if you no longer have login details.

The portal website contains your Loan Statement, highlighting the amounts owed and allows you to obtain further information so you can decide which course of action that best suits you.

As you have already supplied your KYC the portal is available to you and the Trustees urgently require you to complete the “Next Steps” section so that they have an indication of your proposals going forward.

It should be noted that settling with HMRC will deal with the Tax outstanding but the loan(s) will remain outstanding and attracting interest. The Trustees urgently require you to make your proposals for settling the loan(s).

Kind regards,
Helpline Services Limited

[esemi]

Inheritance Tax calculation

Hi all

I was wondering if anyone has seen this before.
I was with AML for 18 months, I am trying to settle with HMRC now. I have sent them my settlement details and have been sent back the final confirmation letter to sign.
On this letter out of the blue HMRC have now added on an Inheritance Tax calculation.

Has any one else seen this calculation added on? What is the deal with it?