IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands IQ Consultants, Felicitas Solutions, ECS Trustees - loan repayment demands - Page 49
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  1. #481

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    Quote Originally Posted by NickLeeson2 View Post
    Why do you think it needs to have "agreed loan figures"?

    It is my naivety and lack of accounting knowledge that has got me into this mess in the first place. My lack of understanding is why I ask the most basic of questions. I do know how forums work and it is usually like minded people sharing experiences and knowledge to come up with solutions and answers, and I guess a better understanding.

    I apologise for speaking outwith the financial guidelines and basic standards for accounting if I knew what they were.

    I suppose I could always pay more people to give me the wrong answer.
    I did not mean to be sharp or derogatory.

    There are however limits to what I and other advisers can do in terms of explanations and whilst we may perhaps expect prospective clients to have done some background research of their own and to be au fait with the basics, I appreciate that sometimes I can be a little too forthright (or to quote another poster "high and mighty").

    I did not mean to offend.
    Best Forum Adviser & Forum Personality of the Year 2018.

    (No, me neither).

  2. #482

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    Quote Originally Posted by webberg View Post
    I have said in another post that the Sanzar scheme claimed that all the "loans" were repaid each year and therefore there is nothing left to demand.
    Sorry, I must have missed that bit.


    So you think I should just ignore them and hope they'll go away?

  3. #483

    Still gathering requirements...


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    Quote Originally Posted by uplock View Post
    Hello all - I also received a 5th Feb dated notice for a Darwin Pay scheme I entered into in 2009 - 2011.

    I note that some have relieved notices of assignments and demand for payment, while others have only received the notice of assignment (ie no payment demand). Is there any thought on why they would adopted this two different routes for some scheme/contractors and not for others?

    Also, should I join WTT Big Group, if at this stage, they have not demanded payment (yet).

    Thoughts would be appreciated.
    I was on a Darwin scheme (2 months\2011) and cant recall any signing of a loan, can you? Or failing that, that if loans were repaid off each year (as per Sanzar). The olny thing I can find is a contract of employment which states (in it)

    Remuneration

    Payment advanced from the trust:
    Those employees that are engaged on billable work may be eligible to receive payments advanced from the trust. Payments advanced from the trust are calculated after the following have been deducted

    • Salary payments
      NI and Income Tax
      Pension contribution where appropriate
      Items agreed
      Items required required by or under any statute (including under attachment of earnings orders)
    Last edited by why; 14th February 2020 at 18:48.

  4. #484

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    Quote Originally Posted by why View Post
    I was on a Darwin scheme (2 months\2011) and cant recall any signing of a loan, can you? Or failing that, that if loans were repaid off each year (as per Sanzar). The olny thing I can find is a contract of employment which states (in it)

    Remuneration

    Payment advanced from the trust:
    Those employees that are engaged on billable work may be eligible to receive payments advanced from the trust. Payments advanced from the trust are calculated after the following have been deducted

    • Salary payments
      NI and Income Tax
      Pension contribution where appropriate
      Items agreed
      Items required required by or under any statute (including under attachment of earnings orders)

    I was in 2 distinct Darwin scheme's.

    The 1st "DarwinPay Trust"- I was in for 20 months - I think was like Sanzar, and the debt was settled at the end of each tax year. My P11D shows it being discharged (Per Darwin's notes "repaid") before the end of the 2010/11 tax year.

    The 2nd "Darwin Trust" - I was only in for 2 months - and this was I think a loan type arrangement as they stopped the above scheme in light of new HMRC legislation to stop such schemes.

    If you where in the Darwin scheme for 2010/11 tax year, it is likely to be the first type and loan balances are cleared. But I would check your P11D's for that tax year to be sure.

    I hope this helps you.

  5. #485

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    Default Gladstone / Felictas Solutions

    Quote Originally Posted by arnold1975 View Post
    I received a rather unpleasant letter today (5 Feb 2020) from a solicitor requesting that I pay back the full loan amount (£100k+) within 14 days.

    It mentions that it has acquired my loan from a third party. The period I was with the umbrella company that used this scheme was 2013 - 2014

    In 2018/2019 I have received several messages suggesting to pay part of the loan, in exchange for waiving the full amount. Several people, including my accountant advised that this was very likely either a scam or a message with no legal teeth.

    As this comes suspiciously quickly after the HMRC letter, last week, I was wondering if any of you have received similar letters.

    What would you advise as a response to this?

    Is the best way forward to hire a solicitor?

    Any advice or thoughts are very much appreciated!
    Hi can you post send your email address. I want to help.

  6. #486

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    Quote Originally Posted by uplock View Post
    I was in 2 distinct Darwin scheme's.

    The 1st "DarwinPay Trust"- I was in for 20 months - I think was like Sanzar, and the debt was settled at the end of each tax year. My P11D shows it being discharged (Per Darwin's notes "repaid") before the end of the 2010/11 tax year.

    The 2nd "Darwin Trust" - I was only in for 2 months - and this was I think a loan type arrangement as they stopped the above scheme in light of new HMRC legislation to stop such schemes.

    If you where in the Darwin scheme for 2010/11 tax year, it is likely to be the first type and loan balances are cleared. But I would check your P11D's for that tax year to be sure.

    I hope this helps you.
    Thanks for this. I did get a P11D and it shows on Page 2, Item'H':

    'Date loan was made in 2010-11' = 28/01/2011
    and
    'Date loan was discharged in 2010-11' = 04/04/2011

    Lastly, cash equivalent of loan after deducting any interest paid by borrower = £12

  7. #487

    Fingers like lightning


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    Exclamation Be careful who you reveal your identity to

    Quote Originally Posted by Zed View Post
    Hi can you post send your email address. I want to help.
    I suspect there may be the odd imposter here.
    Last edited by DealorNoDeal; 15th February 2020 at 07:41.

  8. #488

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    Quote Originally Posted by piebaps View Post
    Paul, Felicitas doesn't operate from 2A Lord Street. A quick google search will tell you that. /opencorporatesdotcom/companies/im/131081C

    At some stage in your past, you and everyone else, will have signed a loan agreement. You'll need to get your copy out and check its terms etc to properly form an opinion.

    Then you'll need to check and see the underlying legal arrangements by which your loan was transferred from the original "lender" to the people now claiming repayment. If this all checks out, then you're not dealing with scammers (at least in the usual sense). Just because HMRC are treating the payments as income, doesn't automatically mean that the loan agreement is invalid. There's loads of threads on this in this part of the forum and what your experiencing isn't new. Pull up a chair and use the forum search facility to read about the others.
    I got a letter yesterday demanding repayment and have requested a copy of the loan agreement as was 2010 and cannot find the original
    I will then contact a solicitor to see how to proceed

  9. #489

    bored now

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    Quote Originally Posted by Zed View Post
    Hi can you post send your email address. I want to help.
    So what expertise do you offer that the two lots of professionals who have posted here cannot?

    You really need to post your history to show how you can help rather than just posting a worthless request for people to send their email address...
    merely at clientco for the entertainment

  10. #490

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    Quote Originally Posted by eek View Post
    So what expertise do you offer that the two lots of professionals who have posted here cannot?

    You really need to post your history to show how you can help rather than just posting a worthless request for people to send their email address...
    If the trustees had done the decent thing and simply asked for let’s say £30 to cover admin costs to send out a statement that your scheme/loan or whatever has been cancelled, I am sure most if not all folks would have been happy to pay to draw a line under this. A good pay day for the trustees and closure for the troops.

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