So what's the best way to deal with these. I have saved up enough to settle if loans treated as income . Only used it for a year and few months. Should I approach a Tax planner for settlement or wait on AML to do something.
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AM Limited COP8 HMRC Investigation Letter..
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Originally posted by jazzyg View PostSo what's the best way to deal with these. I have saved up enough to settle if loans treated as income . Only used it for a year and few months. Should I approach a Tax planner for settlement or wait on AML to do something.
It is ok having the money to cover the loans, but don't forget the interest you will be charged and uncertainty you will experience.
Personally I would get out ASAP and contact a tax professional to provide further advice.
The 'Big Group' is already up and running and dealing with people caught up in DOTAS schemes, but Non-DOTAS is on the agenda too.
CAVEAT: I am an ex AML'er and member of Big Group and would recommend (from experience) you speak to WTT consulting who run the group, but there are obviously plenty of other tax professionals around as well.
WTT Consulting | Tax Enquiry Specialists | LondonLast edited by regron; 25 September 2015, 13:17.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
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Thanks for the advice. I think I would do that. I am out of AML and the 13/14 is only for one month. I should then settle 14-15 when I file SA in Jan and that ways I can avoid interest and uncertainty. Is there any person in WTT specifically dealing with these enquiries?Comment
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Originally posted by jazzyg View PostIs there any person in WTT specifically dealing with these enquiries?STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
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No problem. You will soon see that you are not on your own. Far from it.STRENGTH - "A river cuts through rock not because of its power, but its persistence"Comment
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Thanks 5 APNs must be pretty hefty. Hope there is a solution and a fair settlement. It's accountants that mislead and sell these solutions.Comment
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Originally posted by regron View PostFirst of all it is of course down to your own personal decision but, be in no doubt they will come after these Non-Dotas schemes. Personally I have been caught with 5 x years in DOTAS of which I have received 4 of the 5 APN's already and I was with non-dotas for 3 years, before I realised what HMRC was doing and got out fast !
It is ok having the money to cover the loans, but don't forget the interest you will be charged and uncertainty you will experience.
Personally I would get out ASAP and contact a tax professional to provide further advice.
The 'Big Group' is already up and running and dealing with people caught up in DOTAS schemes, but Non-DOTAS is on the agenda too.
CAVEAT: I am an ex AML'er and member of Big Group and would recommend (from experience) you speak to WTT consulting who run the group, but there are obviously plenty of other tax professionals around as well.
WTT Consulting | Tax Enquiry Specialists | London
Does anyone know what percentage we will be expecting HMRC to be looking for against the loans on PBT?
My APN for EBT is for one year but I have no idea what I could be looking at for PBT years. We are LTD now.Comment
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Originally posted by SCR View PostI am waiting on WTT getting back to me now also... Thanks got the advise.
Does anyone know what percentage we will be expecting HMRC to be looking for against the loans on PBT?
My APN for EBT is for one year but I have no idea what I could be looking at for PBT years. We are LTD now.Comment
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