IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands - Page 45
Page 45 of 151 FirstFirst ... 3543444546475595145 ... LastLast
Posts 441 to 450 of 1505
  1. #441

    Still gathering requirements...


    Join Date
    Feb 2013
    Posts
    76

    Default Sanzar Loan agreements

    I joined this forum shortly after Sanzar disappeared, and subsequently setup a private vetted forum for ex-Sanzar scheme users to explore whether the scheme was genuine or not, and to try to challenge HMRC if needed. The private forum reached about 200 folks in the end I think.

    In that time I never came across a proper loan agreement signed by Sanzar and a scheme user I.e. something stating the loan amount, interest, and payment term etc. Neither I nor any of the private forum members had one, to my knowledge. From reading this thread it seems that later schemes run by the same crew e.g. IQ did use loan agreements, although who knows if they are valid and enforceable.

    The "original trustee" stated on my felicitas letter does not match anything previously provided in Sanzar correspondence, which was always sketchy at best.

    I've not had any chaser on repaying interest or loan since Sanzar disappeared nearly 10 years ago.

    Possibly not coincidental that this arrives at a stressful time for contractors with IR35 changes, and the previous comms from the Trust Helpline dodgy folks was around the time of the Loan charge last year, or whenever it was.. More stressed means more likely to quickly pay up?

    Would advise folks arriving to this thread to read it properly, rather than just posting afresh.

    Felicitas letter arrived today, I think there is enough info in this thread for me to respond to Gladstone letter when that one arrives. But I can see some comfort and sense in joining webberg's group.

  2. #442

    Default

    Quote Originally Posted by Old Kent Road View Post
    I joined this forum shortly after Sanzar disappeared, and subsequently setup a private vetted forum for ex-Sanzar scheme users to explore whether the scheme was genuine or not, and to try to challenge HMRC if needed. The private forum reached about 200 folks in the end I think.

    In that time I never came across a proper loan agreement signed by Sanzar and a scheme user I.e. something stating the loan amount, interest, and payment term etc. Neither I nor any of the private forum members had one, to my knowledge. From reading this thread it seems that later schemes run by the same crew e.g. IQ did use loan agreements, although who knows if they are valid and enforceable.

    The "original trustee" stated on my felicitas letter does not match anything previously provided in Sanzar correspondence, which was always sketchy at best.

    I've not had any chaser on repaying interest or loan since Sanzar disappeared nearly 10 years ago.

    Possibly not coincidental that this arrives at a stressful time for contractors with IR35 changes, and the previous comms from the Trust Helpline dodgy folks was around the time of the Loan charge last year, or whenever it was.. More stressed means more likely to quickly pay up?

    Would advise folks arriving to this thread to read it properly, rather than just posting afresh.

    Felicitas letter arrived today, I think there is enough info in this thread for me to respond to Gladstone letter when that one arrives. But I can see some comfort and sense in joining webberg's group.
    Thanks old kent road, i remember the private group you created, looks like we're about to buckle in for another fun ride.

    im hoping the 6 year statuary limit applies here in addition to there being no real documentation and am concerned writing back to them disputing the Gladstone letter would initiate contact again and start the clock on the 6 year limit.

  3. #443

    Still gathering requirements...


    Join Date
    Jan 2014
    Posts
    63

    Default

    Quote Originally Posted by Old Kent Road View Post
    I joined this forum shortly after Sanzar disappeared, and subsequently setup a private vetted forum for ex-Sanzar scheme users to explore whether the scheme was genuine or not, and to try to challenge HMRC if needed. The private forum reached about 200 folks in the end I think.

    In that time I never came across a proper loan agreement signed by Sanzar and a scheme user I.e. something stating the loan amount, interest, and payment term etc. Neither I nor any of the private forum members had one, to my knowledge. From reading this thread it seems that later schemes run by the same crew e.g. IQ did use loan agreements, although who knows if they are valid and enforceable.

    The "original trustee" stated on my felicitas letter does not match anything previously provided in Sanzar correspondence, which was always sketchy at best.

    I've not had any chaser on repaying interest or loan since Sanzar disappeared nearly 10 years ago.

    Possibly not coincidental that this arrives at a stressful time for contractors with IR35 changes, and the previous comms from the Trust Helpline dodgy folks was around the time of the Loan charge last year, or whenever it was.. More stressed means more likely to quickly pay up?

    Would advise folks arriving to this thread to read it properly, rather than just posting afresh.

    Felicitas letter arrived today, I think there is enough info in this thread for me to respond to Gladstone letter when that one arrives. But I can see some comfort and sense in joining webberg's group.
    OKR, good to hear from you. I am in the same boat. Speak soon

  4. #444

    Still gathering requirements...


    Join Date
    May 2019
    Posts
    38

    Default

    Is it only people who have submitted P11D forms who have received these letters?

    I have a feeling that this is driven by HMRC to discredit the loans and the actual figures are set out as described on P11D's rather than loan agreements.

    For instance, if it is a genuine loan you would be required to pay back to the lender. - No tax or loan charge.

    If it is argued that you don't need to pay it back as it is part of a payment cycle then tax will be eligible.

    Win, win for HMRC and a loss for the end user in both cases.

    These scheme promoters have really stitched everyone up. They seem to be outside the law and HMRC, which leaves only one option for them........

  5. #445

    Contractor Among Contractors

    DealorNoDeal's Avatar
    Join Date
    Dec 2009
    Posts
    1,093

    Exclamation If it was me...

    I wouldn't respond to the letter.

    It's clear they are sending out hundreds of these, and it has all the classic hallmarks of a "shake the tree" operation.

    If you believe there is no debt or, even if there were, it's statute barred, why waste your time engaging with them?

    I certainly believe "no response" is better than an "ill-advised response".

  6. #446

    Still gathering requirements...


    Join Date
    Feb 2019
    Posts
    38

    Default

    Quote Originally Posted by DealorNoDeal View Post
    I wouldn't respond to the letter.

    It's clear they are sending out hundreds of these, and it has all the classic hallmarks of a "shake the tree" operation.

    If you believe there is no debt or, even if there were, it's statute barred, why waste your time engaging with them?

    I certainly believe "no response" is better than an "ill-advised response".

    I am inclined to agree with you on this, as mine was only in the year 2012, so 8 years ago now.
    However, i did mail felicitas and gladstones twice requesting proof/information etc, obviously not had a reply.

  7. #447

    Nervous Newbie


    Join Date
    Sep 2013
    Posts
    6

    Default

    Quote Originally Posted by PC1976 View Post
    Hi. Same boat. However it’s worth understanding that you haven’t settled the loan with the HMRC you have settled the tax that they deemed to be owed as HMRC classes it as income.

    The loan from trustees is a separate issue, one which they are trying to get you to pay back. Suggest you do what I have and join WTT and gain their support to tackle as a group.
    Thanks PC1976,

    It was my agency paying them my money!! I've not yet had a demand for payment.

    So I'm going to wait to see if I get one then will take it from there.

    Everyone has been really helpful. Thank you all for that.

  8. #448

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    24,579

    Default

    Quote Originally Posted by Hobo View Post
    Thanks PC1976,

    It was my agency paying them my money!! I've not yet had a demand for payment.

    So I'm going to wait to see if I get one then will take it from there.

    Everyone has been really helpful. Thank you all for that.
    Let me repeat this again as I posted it earlier and it's worth repeating so you can see the actual issue. Thanks for the post though as it explains to me why people fell for the schemes and why I instantly ran away from them.

    Although it's hard to believe when you are in a scheme the first thing you do on entering a scheme is sign away the fact the money you earn is yours.

    Because of the agreement you made with the scheme, the agency pays the scheme (not you) the money for the work you did. Due to that agreement that money wasn't yours, it was theirs and some of it was then paid to you as salary, the rest was then put into a trust and from there passed to you...
    Last edited by eek; 14th February 2020 at 09:49.
    merely at clientco for the entertainment

  9. #449

    Still gathering requirements...


    Join Date
    Jan 2016
    Posts
    70

    Default

    Quote Originally Posted by Old Kent Road View Post
    I joined this forum shortly after Sanzar disappeared, and subsequently setup a private vetted forum for ex-Sanzar scheme users to explore whether the scheme was genuine or not, and to try to challenge HMRC if needed. The private forum reached about 200 folks in the end I think.

    In that time I never came across a proper loan agreement signed by Sanzar and a scheme user I.e. something stating the loan amount, interest, and payment term etc. Neither I nor any of the private forum members had one, to my knowledge. From reading this thread it seems that later schemes run by the same crew e.g. IQ did use loan agreements, although who knows if they are valid and enforceable.

    The "original trustee" stated on my felicitas letter does not match anything previously provided in Sanzar correspondence, which was always sketchy at best.

    I've not had any chaser on repaying interest or loan since Sanzar disappeared nearly 10 years ago.

    Possibly not coincidental that this arrives at a stressful time for contractors with IR35 changes, and the previous comms from the Trust Helpline dodgy folks was around the time of the Loan charge last year, or whenever it was.. More stressed means more likely to quickly pay up?

    Would advise folks arriving to this thread to read it properly, rather than just posting afresh.

    Felicitas letter arrived today, I think there is enough info in this thread for me to respond to Gladstone letter when that one arrives. But I can see some comfort and sense in joining webberg's group.
    Thanks OKR, and good to hear from a name from the past.

    I can concur, I have not signed any loan agreement, in fact I can't recollect the word loan being used.

    I had a busy day yesterday. I have been through my cache of emails from when I was with Sanzar and there is no mention of the word loan. I also have a correspondence of two emails on record from someone called Fatima Khiri from Sanzar, just prior to me joining Sanzar. When I pressed him on this matter, he clearly stated in the email that I would not be required to pay back to anyone either of the two payments that go through them (these are the PAYE element and the second payment).

    I spoke to my accountant and also a solicitor friend who is aware of this, and they saw holes in the matter at so many levels. Their opinion was that legally they can not get anything, the only way is by intimidation, bullying and preying on peoples ignorance.

    Their summary advice was:

    1) If I pay, I will pay money that I do not have to pay (BTW I cannot pay)
    2) I will not get that money back
    3) Because I will be paying money that I do not have to pay, there is no reason why they would not come back in the future to ask for more.

    They are on a very shaky nail with this and the good thing is that this could bring this nasty firm down if they pursue this. My brother has had a tussle with them in the past regarding a unfair parking ticket dispute and he came out winning that.

    Having been through all this yesterday, I've been made to realise that this shambles doesn't even warrant me taking out half an hour of my time to concern myself with it. It is simply a scam letter, and what do you do with scams? You ignore them.
    Last edited by Superfly; 14th February 2020 at 09:46.

  10. #450

    Still gathering requirements...


    Join Date
    Feb 2020
    Posts
    46

    Default

    Morning all,

    Just awaiting my first post here to be moderated.

    I'm not intending to engage with these scumbags and I don't consider their demands legitimate

    1: I don't have any formal documentation regarding loans, period of loan, interest or anything else that a proper legitimate legal loan would look like.
    2: Since nobody has ever contacted me from these companies since 2011, then in the highly unlikely event there is an outstanding ghost loan, then its expired under statute of limitations. Surely that alone writes it off.
    3: If they sent in the 'heavies', they have to do so legally and that would mean a court order,(or similar?) which IMHO would not happen
    4: As far as I'm concerned my affairs have been settled with HMRC

    Now, questions regarding the sumbags

    1: How do we get this so called loan written off because I'll bet a pint if this company goes under another will be setup and they will pass on the so called (non-existent) debt.
    2: Potentially, this could be hanging around for your lifetime unless the company is written off by authorities and all outstanding crap that came with it, erased.
    4: GDPR, I have moved since 2011, where did they get my address from (HMRC?) or electoral role, if that is the case, I have not consented to this. If its from a third party supplier database then same applies. Possible question to be asked since many people have moved.

    IMHO, I wouldn't stress too much and ignore for time being.

    Those that are good with legal documentation it would be very helpful to post how your response including all facts\legal jargon was put together, in the case that we are required to respond later on.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •