Is it too late to request settlement?

[stonehenge]

The deadline for providing info to HMRC was 5 April.

Has the door closed shut and now it's LC? Or are HMRC still amenable to settlement?

[dammit chloe]

The deadline for providing info to HMRC was 5 April.

Has the door closed shut and now it's LC? Or are HMRC still amenable to settlement?

You will need to ask them.

[ChimpMaster]

Imagine the scenario:

You: Hi HMRC, I want to give you some money.

HMRC: No thanks.


Can't see that happening somehow!

If you're keen to settle then just email and call them. They've probably lost your original CLSO2 from last year because they're so inundated and understaffed.

[stonehenge]

If you're keen to settle then just email and call them. They've probably lost your original CLSO2 from last year because they're so inundated and understaffed.

Dear HMRC,

I sent you information in March 2019 about settlement but I haven't heard anything back. Can you let me know when I will be receiving my settlement offer.

Many thanks,

[BrilloPad]

Dear HMRC,

I sent you information in March 2019 about settlement but I haven't heard anything back. Can you let me know when I will be receiving my settlement offer.

Many thanks,

Just remember that anything we send to HMRC has to be sent registered. Everything HMRC send is assumed to have arrived 4 days letter. Its an uneven playing field.

[CryingSheep]

To be fair I recently made a payment over the phone to HMRC for some income tax from 3 years ago and now they can't find the money/payment...

[webberg]

HMRC seem to be encouraging settlement applications still.

Don't know what their plan is though.

[ChimpMaster]

HMRC seem to be encouraging settlement applications still.

Don't know what their plan is though.

Interesting, considering the apparent deadline is 31 Aug.

I'm still waiting for a reply to queries I sent to HMRC in response to their initial CLSO "offer". They took 8 months to reply to my first query, so I wonder if their response to my second query will take another 8 months. Seems that I'll miss the 31 Aug deadline

[stonehenge]

In hindsight, I bet HMRC wish they'd never offered settlement. It's so much work processing all those requests and information and having to deal with people. What a chore.

The LC is so much easier. Just sit back and let the taxpayers do all the grunt work on their tax returns.

HMRC issue briefing: charge on disguised remuneration loans - GOV.UK

"All individuals who have outstanding disguised remuneration loan balances, and have not reached a settlement, must provide information on their loans to HMRC by 30 September 2019. They will also need to file a tax return for the year 2018 to 2019 by 31 January 2020."

[webberg]

Except - as I keep saying - the loan charge is NOT the end of the process.

I'm aware that many people think that if HMRC get the LC money then they will stop all enquiries into open years.

This is simply untrue and untenable under present legislation.

We fear that many people are pinning their hopes on the loan charge disappearing under the weight of political pressure.

Even if that happens, if you have open years (valid HMRC enquiries), then HMRC would certainly restart the process.

Killing the loan charge is not the end of the process.