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  1. Replies
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    Looks like he's done a runner after collecting a...

    Looks like he's done a runner after collecting a load of money that he said was going to put Mel Stride in jail
  2. Replies
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    365

    Settlement Interest

    I've had 3 or 4 letters with different amounts of interest applied

    The amounts are not always rising which implies it not up to the date of the letter

    I know the start date is the date the tax...
  3. Thread: Edge EBT thread

    by demby
    Replies
    1,938
    Views
    533,584

    Someone has told me that HMRC have said as soon...

    Someone has told me that HMRC have said as soon as the settlement is agreed as far as they are concerned the case is closed. No other income tax or inheritance tax to be applied whether the loans are...
  4. Replies
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    826

    In doing so you give up any right to a refund of...

    In doing so you give up any right to a refund of the APN in the event that the final liability is lower than the APN paid.

    What a bunch of thieving bastards they are
  5. Replies
    14
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    1,784

    So what was the point of me filling in the...

    So what was the point of me filling in the financial questionnaire that they sent to me?

    I don't see anywhere where is says "give us a call and make us an offer"

    Why did they say "How much can...
  6. Replies
    1
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    427

    Loan Charge Judicial Review

    FAQ - Loan Charge Judicial Review EU

    They are saying no need to disclose loans in SATR is your advisor agrees with their opinion

    If I do not disclose the loans, what stops HMRC from issuing me...
  7. Replies
    14
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    1,784

    Looks like I won't be able to settle because the...

    Looks like I won't be able to settle because the incompetents have yet to come back with a repayment plan.
  8. Replies
    45
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    5,730

    Make sure you get 10% against your entire income...

    Make sure you get 10% against your entire income for the year not just the Loan Amount
  9. Replies
    3
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    631

    Which is wrong if you have 10% expenses it...

    Which is wrong

    if you have 10% expenses it not just the loan value that should be taken into account, it's the loan value + salary.
    Tell HMRC that expenses aren't just conveniently linked to the...
  10. Replies
    45
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    5,730

    Received a letter in May asking if I wanted to...

    Received a letter in May asking if I wanted to settle. Replied saying yes but wanted time to pay and included some financial info.

    Received another letter over 12 weeks later asking for more...
  11. Thread: Edge EBT thread

    by demby
    Replies
    1,938
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    533,584

    I just can't understand your reluctance to say...

    I just can't understand your reluctance to say who the trustees are. Obviously this is public information that you have found on the web. Just because you discovered it when working for a client does...
  12. Replies
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    600

    The £13,000 is correct as this is not the 1st...

    The £13,000 is correct as this is not the 1st year I was using the scheme and benefit in kind was calculated on the total loans for this year and all previous years.

    I'm not sure where you get...
  13. Replies
    3
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    600

    Loan Charge and Benefit in Kind

    I have a statement from HMRC

    SATR showed
    Employment £15,000
    Benefits and expenses received £13,000

    So I've been taxed on £28,000, £13,000 of which is BiK on Loan

    The "Other income" on the...
  14. Replies
    9
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    1,393

    Assessment v Enquiry

    Hi

    I'm just trawling through the mountain of correspondence I have received from HMRC

    I have found a letter that lists 4 years - 2 have a Type = Enquiry the other 2 have Type = Assessement
    ...
  15. Thread: Edge EBT thread

    by demby
    Replies
    1,938
    Views
    533,584

    Be careful as I've seen posts saying that as soon...

    Be careful as I've seen posts saying that as soon as they are written off Inheritance Tax will be due.

    Previous correspondence from HMRC has said that the Edge scheme would not be subjected to IHT...
  16. Replies
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    2,160

    Yes you can This is where it's a completely...

    Yes you can

    This is where it's a completely wrong as it's all taxed on a single year with just one PA amount. Loans of 2 years should have a PA for each year.
  17. Replies
    4
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    1,100

    I've written to HMRC asking for expenses to be...

    I've written to HMRC asking for expenses to be deducted from loan amounts - still waiting for a reply.

    They have to treat everyone in the same way. If (or probable when) they refuse I'd like to...
  18. Replies
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    19,367

    He's now got his wife on to the tax-payer payroll...

    He's now got his wife on to the tax-payer payroll as well
  19. Replies
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    11,392

    Albert49 - are you able to post some evidence...

    Albert49 - are you able to post some evidence that HMRC deducted these costs from your loan amounts. Thanks

    If they did this for you - they need to treat everyone else in the same way and could...
  20. Thread: Edge EBT thread

    by demby
    Replies
    1,938
    Views
    533,584

    Trustees

    Who is the Edge trustee?

    Mapatui Ltd ? Company disolved in 2014

    Tenon Ltd ?

    Someone else ????
  21. Replies
    65
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    11,392

    Latest Settlement Offer

    I have the choice of paying the Loan Charge £5000, or settle all the open years £100,000

    Lets suppose I opt for the Loan Charge. Now even though that the majority of the other years are before...
  22. Replies
    8
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    1,851

    Loan Charge doesn't resolve underlying tax issues...

    Loan Charge doesn't resolve underlying tax issues ie open enquiries is a joke.

    The open enquries are due to loans. The Loan Charge is due to loans.

    The LC has a dec 2010 cut off, so should the...
  23. Replies
    8
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    1,851

    But it hasn't if they are still going to pursue...

    But it hasn't if they are still going to pursue open enquiries pre December 2010

    "The figures in Table 1 still include any protected years before 9 December 2010. This is because the tax position...
  24. Replies
    8
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    1,851

    HMRC - "your offer to settle"

    Just received a letter for HMRC which seems to say that the Loan Charge review was a complete whitewash

    "The figures in Table 1 still include any protected years before 9 December 2010, This is...
  25. Disguised remuneration: guidance following the...

    Disguised remuneration: guidance following the outcome of the independent loan charge review - GOV.UK

    What you need to do for Self Assessment

    You can either:

    submit your 2018 to 2019 tax...
  26. Replies
    3
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    515

    Umbrella/Agency HMRC details

    Hi

    Does anyone know what (if any) information an umbrella or agency is obliged to submit to HMRC

    Thanks is advance
  27. Replies
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    55,342

    Sticky: Why are you saying "Closed Years" - It looks to...

    Why are you saying "Closed Years" - It looks to me it's any year - am i missing the point?

    Alos, what about any APN already paid - do I get that back?
  28. Replies
    8
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    3,365

    Mel Stride

    The b**tard won the vote for Treasury Select Committee - nice reward for lying to parliament, ignoring calls by the Lords and being responsible for at least 9 suicides

    Please get on to loan charge...
  29. Replies
    31
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    6,376

    Do Tide inform HMRC that you have opened an...

    Do Tide inform HMRC that you have opened an account (for Ltd company)?
  30. Replies
    16
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    2,616

    Case for not declaring

    No need to submit is you have already started settlement process. I have received an settlement agreement letter (rejected by the way) so did not bother to declare.

    Don't offer any information you...
  31. Replies
    5
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    3,398

    Loan Charge Review Timetable

    Does anyone have any thoughts about the time table for the pending review.

    With Brexit, possible general election and suspension of parliament when is the review likely to be started?

    How long...
  32. Replies
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    3,264

    I doubt that would be the case if your MP is...

    I doubt that would be the case if your MP is Stride, Norman or Hammond - i think we will be adding Javid and B Johnson to this list very soon as well
  33. Replies
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    3,264

    If you have 10% available - say £30,000 - declare...

    If you have 10% available - say £30,000 - declare bankruptcy - don't forget loans are still loans (according to HMRC) so your total theoretical debt is HMRC £300k + Loans £700K
    HMRC can only claim...
  34. Replies
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    3,264

    "MPs are very good at making HMRC see sense." ...

    "MPs are very good at making HMRC see sense."

    Are you joking
  35. Replies
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    2,700

    I get the feeling that unless Stride and Hammond...

    I get the feeling that unless Stride and Hammond go, no matter what MPs or Lords say, no matter how many sign the EDM or the "open letter", no matter how many bankruptcies or suicides

    THIS ISN'T...
  36. Apart from the 'ckokey' bit - this is a plan I...

    Apart from the 'ckokey' bit - this is a plan I intend to follow as well
  37. FFS. Shoot me now!

    FFS. Shoot me now!
  38. Oh I see - However, in my case APNs already...

    Oh I see - However, in my case APNs already exhorted will cover the open years
  39. I don't follow - surely if you end up paying the...

    I don't follow - surely if you end up paying the LC it will be on all open & closed years. All loans added and taxed. How can they then come back for the OPEN years??
  40. If HMRC claim that the arrangements used still...

    If HMRC claim that the arrangements used still produce tax liabilities. what's the point of the review? They'll dump the LC and just replace it with something else if that's the case and we'll be...
  41. Don't even contemplate settling before the review...

    Don't even contemplate settling before the review is completed. You could be committing to pay even if the LC is eventually dumped. Once you have signed you may not be able stop payments.
  42. Replies
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    4,340

    Or just 1 and a half weeks NHS cost

    Or just 1 and a half weeks NHS cost
  43. Thread: Edge EBT thread

    by demby
    Replies
    1,938
    Views
    533,584

    I would leave settling to the latest possible...

    I would leave settling to the latest possible moment

    A good result in the House of Commons last night which means this nightmare is at least now going to get a proper review.

    Judicial review...
  44. Replies
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    227,344

    How much do you think the settlement will be? ...

    How much do you think the settlement will be?
    Will be it 35% of £174,000?


    If paying the loan charge it'll be more like 45%
  45. Thread: Need your advice

    by demby
    Replies
    7
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    1,406

    Make sure they get it before the 31st September...

    Make sure they get it before the 31st September 2018 deadline.

    You may have to retrospectively complete it
  46. Replies
    10
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    2,059

    Keep sending them requests for info to keep them...

    Keep sending them requests for info to keep them busy.

    Confirm calcs
    Confirm dates
    Personal Allowances
    etc. etc.

    send them one for each year
  47. Thread: Edge EBT thread

    by demby
    Replies
    1,938
    Views
    533,584

    I think they were 10% - raised to 12 maybe 12.5...

    I think they were 10% - raised to 12 maybe 12.5 around 2008
  48. Poll: "he may ask"

    "he may ask"
  49. Replies
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    8,261

    HMRC are probably wringing their hands at the...

    HMRC are probably wringing their hands at the thought of all the extra inheritance tax they'll rake in. Plus 20-30 years of savings on pensions and NHS costs. It's a win-win as far as they're...
  50. Poll: EDM now at 62

    62 MPs have now signed the EDM that's nearly 10% of all MPs.

    At what point will something kick-off

    This includes 13 members of the Conservative Party who blindly walked through the Aye door...
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