Hello all,
Despite being constantly assured ‘my’ loan scheme is safe and dandy by the organisers, and that I don’t need to declare anything to HMRC – I’m after some other, expert advice. Who’s best for my situation? There’s a lot of forum experts on here, not sure where to go. My knowledge is (or was) tiny, which is why I ended up here in the first place. Offered good things, and blindly accepted them…
I only started around May 2017, so this year’s SA would be the first it’s shown on (it's currently not going on, as advised by promoter). Ergo, no letters, no warnings, nothing. Up until a month ago, I believe the hype that I’m safe. Reasons from the promoter: It’s all in the UK, never had a client payout, HMRC have ‘never won’ an investigation, we’re different to all the others, our legal team we use will deal with everything. The usual banter. I’d say 110k maybe went through it in this time? And another 50k till I quit. Horrendous money (to me) I’ll probably never see again, which is what’s sparking off the fear.
I’m told I don’t need to register with HMRC for interest on the LC, and this has me worried. “This is just an easy way for HMRC to catch guilty feeling/gullible people who did offshore loans years ago”. I was told I’m backed up for every penny when I started, that was all I needed to read. Apparently, that was incorrect. But Essentailly, there is a signed loan document, with interest... :s
That’s all I want to share publicly for now, no names if that’s OK. I don’t want to settle / register unless I 100% have to. Especially with the Sept 2019 court case. If I do, I’ll do it immediately, I haven’t slept/eaten in weeks.
(Please go easy on acronyms and HMRC form codes etc., as said - my poor lack of knowledge is what’s lead me here.)
Thankyou
H4B
Despite being constantly assured ‘my’ loan scheme is safe and dandy by the organisers, and that I don’t need to declare anything to HMRC – I’m after some other, expert advice. Who’s best for my situation? There’s a lot of forum experts on here, not sure where to go. My knowledge is (or was) tiny, which is why I ended up here in the first place. Offered good things, and blindly accepted them…
I only started around May 2017, so this year’s SA would be the first it’s shown on (it's currently not going on, as advised by promoter). Ergo, no letters, no warnings, nothing. Up until a month ago, I believe the hype that I’m safe. Reasons from the promoter: It’s all in the UK, never had a client payout, HMRC have ‘never won’ an investigation, we’re different to all the others, our legal team we use will deal with everything. The usual banter. I’d say 110k maybe went through it in this time? And another 50k till I quit. Horrendous money (to me) I’ll probably never see again, which is what’s sparking off the fear.
I’m told I don’t need to register with HMRC for interest on the LC, and this has me worried. “This is just an easy way for HMRC to catch guilty feeling/gullible people who did offshore loans years ago”. I was told I’m backed up for every penny when I started, that was all I needed to read. Apparently, that was incorrect. But Essentailly, there is a signed loan document, with interest... :s
That’s all I want to share publicly for now, no names if that’s OK. I don’t want to settle / register unless I 100% have to. Especially with the Sept 2019 court case. If I do, I’ll do it immediately, I haven’t slept/eaten in weeks.
(Please go easy on acronyms and HMRC form codes etc., as said - my poor lack of knowledge is what’s lead me here.)
Thankyou
H4B
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