Good Afternoon Webberg,
Thank you very much for your swift responses. I have a couple of additional questions.
Regarding the answer to question 1. would you be able to elaborate for the uneducated on how the scheme worked. Are all drawings from the partnerships considered "loans" and therefore subject to the loan charge despite me declaring them as taxable income in that tax year? Also since they haven't mentioned the tax years I was using Sunday and VE... should I be declaring them now to avoid any further reprimands?
On point 2. really? So even if you have conclusive evidence they'll still pursue as if you're lying?
This is a nightmare.
Many thanks,
Will
Thank you very much for your swift responses. I have a couple of additional questions.
Regarding the answer to question 1. would you be able to elaborate for the uneducated on how the scheme worked. Are all drawings from the partnerships considered "loans" and therefore subject to the loan charge despite me declaring them as taxable income in that tax year? Also since they haven't mentioned the tax years I was using Sunday and VE... should I be declaring them now to avoid any further reprimands?
On point 2. really? So even if you have conclusive evidence they'll still pursue as if you're lying?
This is a nightmare.
Many thanks,
Will
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