Hi,
I recently settled in full with HMRC for charges related to loan schemes I was - stupidly - part of in tax years 2009, 2010 and 2011. It was painful to do so. However, now I am being asked to pay a further £5K which relates to the non-payment of APN's (related to those years) on time.
All my loans predated the Dec 2010 date associated to the loan charge however, I was told unequivocally by HMRC that I still owed the monies because APN's had been opened. Fine, well, not really but ok.
Nevertheless, I was offered "loan charge" terms (e.g. paying tax as if the income was earned in those three years) to settle the APN's which is what I ultimately did. By the time I made the final payment I had capitulated to pressure and had been paying off the APN's via a monthly DD. The DD contributions were subtracted from the amount which I owed. Fine.
Before paying the final amount, I took pains to check over and over with HMRC that this final payment would draw a line under the matter and I wouldn't owe anything else. HMRC offered me reassurance verbally and pointed me to various bits in the settlement contract (e.g. "The agreement.... (e) concludes HMRC's enquiries into the Payments listed in Appendix 2 and settles any assessments in so far as they relate to those Payments.") - I was reassured.
Yet, about two weeks after paying the final settlement I start getting letters from those nice APN people asking for a further £5K. Apparently, the £5K represents charges for not paying the APN's in full back in 2016. I'm not fine with this.
Can anyone offer advice or share a similar experience?
Cheers and thanks.
I recently settled in full with HMRC for charges related to loan schemes I was - stupidly - part of in tax years 2009, 2010 and 2011. It was painful to do so. However, now I am being asked to pay a further £5K which relates to the non-payment of APN's (related to those years) on time.
All my loans predated the Dec 2010 date associated to the loan charge however, I was told unequivocally by HMRC that I still owed the monies because APN's had been opened. Fine, well, not really but ok.
Nevertheless, I was offered "loan charge" terms (e.g. paying tax as if the income was earned in those three years) to settle the APN's which is what I ultimately did. By the time I made the final payment I had capitulated to pressure and had been paying off the APN's via a monthly DD. The DD contributions were subtracted from the amount which I owed. Fine.
Before paying the final amount, I took pains to check over and over with HMRC that this final payment would draw a line under the matter and I wouldn't owe anything else. HMRC offered me reassurance verbally and pointed me to various bits in the settlement contract (e.g. "The agreement.... (e) concludes HMRC's enquiries into the Payments listed in Appendix 2 and settles any assessments in so far as they relate to those Payments.") - I was reassured.
Yet, about two weeks after paying the final settlement I start getting letters from those nice APN people asking for a further £5K. Apparently, the £5K represents charges for not paying the APN's in full back in 2016. I'm not fine with this.
Can anyone offer advice or share a similar experience?
Cheers and thanks.
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