Originally posted by Tomo1971
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A painful lesson
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Originally posted by washed up contractor View PostNot sure what 'fight' you were in but the timeline is similar to mine. The fight Im in hasnt been lost in 2018 though and still very much has HMRC on the back foot.
Victory is within sight.Comment
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Originally posted by stonehenge View PostWas in a scheme 2002 - 2006.
HMRC clobbered it with retro tax in 2008.
Would have been hard but could have settled. Joined the legal fight instead.
Fight lost in 2018. Forced to settle. Had to cough up 15 years of interest.
A whole decade of my life with this hanging over me. Huge psychological impact. All for nothing.
If you can afford to settle, seriously consider it for the sake of your sanity.
I remember everyone on CUK saying TAA was a bad idea. I so bitterly regret not joining.
I am not going to miss the Loan Charge boat and I am in touch with Phil now.Comment
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Originally posted by GammaMadrid View PostWhy did you not join TAA?Comment
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Originally posted by GammaMadrid View PostWhy did you not join TAA?
I remember everyone on CUK saying TAA was a bad idea. I so bitterly regret not joining.
I am not going to miss the Loan Charge boat and I am in touch with Phil now.
TAA?
Hmm thinking perhaps settling isn't the right choice.Comment
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Originally posted by GammaMadrid View PostI know someone in TAA. I was told yesterday first tier tribunal is due in July. Very best of luck with that.Comment
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Originally posted by sst2019 View PostEWG?
TAA?
Hmm thinking perhaps settling isn't the right choice.
TAA = The Agency Argument. Some decided not to follow EWG and went against him. They are still fighting HMRC. Caused quite a CUK fuss at the time. I wish I had gone with my gut instincts.Comment
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Originally posted by stonehenge View PostBecause I was warned off by veiled threats from EWG.Comment
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The is a company in the UK called Montpelier Professional Ltd.
They have recently been subject to action to recover fees from them. The owner of the fees has now obtained judgment and is pursuing them, probably to insolvency.
Why? Because the claim was against Mr G and he (allegedly) used funds from the company to pay for the defence and therefore a loss is theirs to bear.
All public record.
Also public record is that RBS has a charge of some millions connected to the company and the successful action has led to them joining the party. The information I have is that the RBS positon is secured on certain personal assets which may now of course be subject to legal action.
All public record.
Be an interesting one to keep an eye on.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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