HMRC enquiries for EBT schemes through Kinsella Solutions Ltd HMRC enquiries for EBT schemes through Kinsella Solutions Ltd
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  1. #1

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    Default HMRC enquiries for EBT schemes through Kinsella Solutions Ltd

    This thread is for those who have recently received a Discovery Asessement from HMRC for loans made via an EBT in 2008/9 using Kinsella Solutions Ltd.

    I received notification March 1st of HMRC discovery. Would be interested in teaming up with anyone using the scheme and had the same letter. Like the other threads it seems we need to lodge an appeal and then align with all the other good advice.

  2. #2

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    I received my 08/09 Kinsella letter last week. Having read the views of Cojak, DonkeyRhubarb and others I quickly decided this wasn't something I could manage on my own.

    Kinsella proved difficult to track down and I didn't think this was something my ltd co. accountant was best placed to help with, but the accountant who helped create the scheme has been extremely helpful and is managing my appeal.

    If the administrator would kindly allow me to PM I'd be happy to share some more details.

  3. #3

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    Default HMRC enquiries for EBT schemes through Kinsella Solutions Ltd

    I have an insurance policy through my limited company that my accountant holds. This covers me for legal representation, thankfully, even on this EBT scheme.

    My accountant spoke with Michael Perry this morning and we are looking at him defending this. He did state that this is the first time he's heard of the Kinsella scheme so would be interested in all information that we can pick up to suppoprt the case.

    Administrator please set me up to be able to PM.

    The first thing is to lodge the appeal with HMRC.

  4. #4

    Still gathering requirements...


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    Admin, can you please set me up with PM rights, thks

  5. #5

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    Default Hows your appeal going

    Hi ,

    How has your appeal been going. does anyone know why everyone has been getting a discovery letter for 2008/2009 and further information required for 2010/2011 but havent seen anything for 2009/2010 or 2011/2012?

    Cheers

  6. #6

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    Hi,

    Anyone heard anything more? I received a discovery letter for 2010 / 2011 yesterday which we are going to appeal naturally. My accountant seems to be of the opionion that HMRC are now ramping up to bring a "collection" type of case. Not quite sure what that constitutes.

  7. #7

    Should post faster


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    Quote Originally Posted by Hammer69 View Post
    Hi,

    Anyone heard anything more? I received a discovery letter for 2010 / 2011 yesterday which we are going to appeal naturally. My accountant seems to be of the opionion that HMRC are now ramping up to bring a "collection" type of case. Not quite sure what that constitutes.
    I guess that would be someone being paid loans after Pt 7A of the Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003) was introduced in April 2011.

  8. #8

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    Default Notice of Assessment under Discovery - Keypay Solutions / Kinsella??

    Hi, I've just received a notice of assessment under discovery for 2010-11 tax year for a company I was with called Keypay Solutions Ltd - I think this might have been part of the 'Kinsella Facility' and was also the front end for IT-Contracts Finance - can anybody confirm this?

    Does anybody know if Keypay are still around, and if there are any representative cases for this loan scheme yet through the tax tribunal? Or is it just one of the many loan schemes that await time in the tax tribunal

    Also, which is the best template to use for my appeal? Does it need to be as a written letter as I am overseas now. Any info would be appreciated, I need to get my appeal in as a first priority.

    Thanks

  9. #9

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    Default Another HMRC Notice of Assessment re. Kinsella / Keypay / ITCF Arrangement

    Hi

    I was with Keypay from May 2007 to April 2010. I received my notice just a few days ago, requesting tax for all the loan monies. To have to pay would be a bitter pill to swallow. I am afraid that I was unaware that i was in an EBT until I received the notice. Keypay do not respond and I see that a liquidator was appointed for Kinsella in Feb 2013. Can anyone give me any advice, please?

  10. #10

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    Quote Originally Posted by Stevo65 View Post
    Hi

    I was with Keypay from May 2007 to April 2010. I received my notice just a few days ago, requesting tax for all the loan monies. To have to pay would be a bitter pill to swallow. I am afraid that I was unaware that i was in an EBT until I received the notice. Keypay do not respond and I see that a liquidator was appointed for Kinsella in Feb 2013. Can anyone give me any advice, please?
    A number of us have received letters. Ask mods to give you PM access and email me.

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