Hi,
I’m Desperate and Distressed, I’ve considered ending things twice this week and it’s only Wednesday.
My situation:
LC - Estimated amount of loans that fall under the legislation is 700k ( circa 12 years of using AML/ Smartpay et al).
I don’t understand tax law and have blindly trusted aml et al for too long as they were adamant they worked closely with HMRC and their methodology was /is complaint with Legal Council support.
Two different Financial advisors and current accountant (costs incurred ) were engaged in the matter but there was little to no clarity / understanding of the way forward and what’s in my best interest for the medium / long term (Simply disclose loans to HMRC and find a way to pay).
Desperate and in a dark place I turned to both pts and vanquish (aml/ spm recommendation ). PTS estimated the LC to be around 300k so i hastily/ stupidly used vanquish and I’m now distressed about the route taken and don’t fully understand the implications . From my understanding vanquish will inform hmrc there are no outstanding loans, I’m freaked out about the consequences. Can anyone shed light on this and should i tell vanquish not to submit a thing and write off what I’ve paid them?
As i see it for the Sep 2019 loan disclosure I have a few options but I have no real idea of the impact of;
1. disclosing loans and vanquish state there are no loans (I don’t know the exact terminology)
2. Disclosing loans informing vanquish not to communicate with hmrc
3. Do nothing for the September deadline
4. Disclose after September
Disclosing when I don’t have even 10% of the potential amount seems like more stress and could take me over the edge. I don’t have the funds for 1 or 2 (assumption is a settlement / charge amount will be issued by HMRC). In this climate selling my property will take time. I don’t even think it will cover the 300k. Reading threads NI might also be applied at a future date.
Amy ideas / considerations?
Then theres the APN ( three years of the 12 are covered / overlapping with this charge ) - these three years were under hmrc enquiry from what i recall.
APNs total are around 45k. HMRC recently called me , sent letters and have threatened enforcement. AML are no longer pursuing legal action and recommend to settle the matter. I consulted a financial advisor and accountant who recommended the same.
Partial payment has been made to hold off enforcement and I’ve resorted to applying for a further advance to address this as I don’t want a ccj.
HMRC have shaken me to the core, I’m on edge and panic when i see a call / letter/ email that’s unfamiliar.
Taking out debt to pay ‘debit ‘ is mind-blowing and I’min limbo waiting for the mortgage providers response. I don’t even know if I should pay - so much
I no longer know who to speak to, trust or turn too and don’t want to muddy the waters further. I’m panicking over my stupidity and not sure what to do, I’ve let my family down. The lack of sleep is not helping matters but if I could make some sense of it all I could weigh up options and establish what the future might hold.
Please no abuse in responses , anyone out there with similar lc amounts?
I’m Desperate and Distressed, I’ve considered ending things twice this week and it’s only Wednesday.
My situation:
LC - Estimated amount of loans that fall under the legislation is 700k ( circa 12 years of using AML/ Smartpay et al).
I don’t understand tax law and have blindly trusted aml et al for too long as they were adamant they worked closely with HMRC and their methodology was /is complaint with Legal Council support.
Two different Financial advisors and current accountant (costs incurred ) were engaged in the matter but there was little to no clarity / understanding of the way forward and what’s in my best interest for the medium / long term (Simply disclose loans to HMRC and find a way to pay).
Desperate and in a dark place I turned to both pts and vanquish (aml/ spm recommendation ). PTS estimated the LC to be around 300k so i hastily/ stupidly used vanquish and I’m now distressed about the route taken and don’t fully understand the implications . From my understanding vanquish will inform hmrc there are no outstanding loans, I’m freaked out about the consequences. Can anyone shed light on this and should i tell vanquish not to submit a thing and write off what I’ve paid them?
As i see it for the Sep 2019 loan disclosure I have a few options but I have no real idea of the impact of;
1. disclosing loans and vanquish state there are no loans (I don’t know the exact terminology)
2. Disclosing loans informing vanquish not to communicate with hmrc
3. Do nothing for the September deadline
4. Disclose after September
Disclosing when I don’t have even 10% of the potential amount seems like more stress and could take me over the edge. I don’t have the funds for 1 or 2 (assumption is a settlement / charge amount will be issued by HMRC). In this climate selling my property will take time. I don’t even think it will cover the 300k. Reading threads NI might also be applied at a future date.
Amy ideas / considerations?
Then theres the APN ( three years of the 12 are covered / overlapping with this charge ) - these three years were under hmrc enquiry from what i recall.
APNs total are around 45k. HMRC recently called me , sent letters and have threatened enforcement. AML are no longer pursuing legal action and recommend to settle the matter. I consulted a financial advisor and accountant who recommended the same.
Partial payment has been made to hold off enforcement and I’ve resorted to applying for a further advance to address this as I don’t want a ccj.
HMRC have shaken me to the core, I’m on edge and panic when i see a call / letter/ email that’s unfamiliar.
Taking out debt to pay ‘debit ‘ is mind-blowing and I’min limbo waiting for the mortgage providers response. I don’t even know if I should pay - so much
I no longer know who to speak to, trust or turn too and don’t want to muddy the waters further. I’m panicking over my stupidity and not sure what to do, I’ve let my family down. The lack of sleep is not helping matters but if I could make some sense of it all I could weigh up options and establish what the future might hold.
Please no abuse in responses , anyone out there with similar lc amounts?
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