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  1. From the advice I have received, any creditor can...

    From the advice I have received, any creditor can chase if you haven't listed the debt in the BR order. I assume it shouldn't be a problem as long as the dates work out and there is proof the debt...
  2. I still think it's worth following the advice...

    I still think it's worth following the advice below for belts and braces,and more importantly, piece of mind.

    Creditors still chasing you after you go bankrupt - Citizens Advice
  3. Did you list all your loans as part of your...

    Did you list all your loans as part of your bankruptcy? If so, I wouldn't worry about it as they would be no longer valid.
    As always though, seek professional advice.
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    Own Goal perhaps

    For clarity I am both a Big Group member and a member of the Hoey Litigation Association.

    I'm not going to get involved in the ongoing spat, I shall keep my views on that to myself however, on the...
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    APN's were issued for the exact opposite. The...

    APN's were issued for the exact opposite. The schemes hadn't been defeated and it was a way for HMRC to get the money up front, until the case was decided in court.
    Now the cynic would say that...
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    They've always been scared, that's why the Loan...

    They've always been scared, that's why the Loan Charge was invented once they lost the Rangers case, despite winning it !!
    Oh, and let's not forget the invention of APN's prior to the LC.
    All...
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    Hyperthetically speaking then. You sign a legally...

    Hyperthetically speaking then. You sign a legally binding settlement contract with HMRC and don't release the loans.

    A third party claiming to own the loans come along and call them in. What's...
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    I found the part around 'residual tax'...

    I found the part around 'residual tax' interesting ! In the fact you 'could ' benefit, providing you are not involved in any litiagtion against HMRC !!!

    How very HMRC !!!
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    HMRC have nothing to do with your loans getting...

    HMRC have nothing to do with your loans getting recalled and are therefore totally separate events. Hmrc will still expect you to fulfill your settlement contract, whatever happens with the loans and...
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    Under bankruptcy they can unwind any asset...

    Under bankruptcy they can unwind any asset transfer within the last 5 yrs prior to bankruptcy, if it was purely down to hiding them. Something to be wary of if not already.

    Bankruptcy offences -...
  11. APN penalties have always been out of scope of...

    APN penalties have always been out of scope of any settlement agreement,so will be expected to be paid outside of that agreement.

    However, as already suggested, get professional advice so they...
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    Apologies, I was out and abut this morning when I...

    Apologies, I was out and abut this morning when I posted this, and need to correct the above now I've dug out the information.

    1. DR loans not subject to the Loan Charge can be settled based on...
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    HMRC are set to detail the new settlement...

    HMRC are set to detail the new settlement opportunity for pre-2010 years this Autumn.
  14. Double Limited Scheme perhaps?

    Double Limited Scheme perhaps?
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    Could there not be situations though wherby the...

    Could there not be situations though wherby the trusts would be the biggest creditor, for loans which haven't been repaid? Assuming the sums make that so. Just thinking in insolvency situations when...
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    Latest update here. New settlement terms coming...

    Latest update here. New settlement terms coming for those who paid LC and still have liabilities. They are not, as expected, going away.

    HMRC issue briefing: settling disguised remuneration scheme...
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    Or litigation.

    Or litigation.
  18. Replies
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    I think some people (not just on here) are...

    I think some people (not just on here) are getting settlement vs paying the loan charge mixed up thinking paying the LC closes an open enquiry which it doesn't.
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    Settlement iis exactly that, as Webberg posts...

    Settlement iis exactly that, as Webberg posts above. If however you still have any unsettled, open years, the underlying tax still needs resolving and until that is resolved, interest will continue...
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    Don't forget the interest on the underlying tax...

    Don't forget the interest on the underlying tax continues to grow until the enquiry is closed.
  21. Replies
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    Ask for the closure notice stating no more tax...

    Ask for the closure notice stating no more tax due. Otherwise what they said is worth Jack.
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    I find the best way to describe it, is like a...

    I find the best way to describe it, is like a non-refundable APN.
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    Not forgetting the following with regards to...

    Not forgetting the following with regards to closed years with regards to the Loan Charge, so tax payer should still do some due dilligence:

    the loan charge will not apply to outstanding loans...
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    Should the question not be "will you issue a...

    Should the question not be "will you issue a closure notice stating no further tax is owed?" That is what answer I would want in writing.
  25. Correct, but you shouldn't require HMRC to make...

    Correct, but you shouldn't require HMRC to make you aware or not. There is enough information in that document for you to work out if you are due a rebate or not yourself. Better than waiting for...
  26. :-)

    :-)
  27. I'm not sure the Rangers case went against us as...

    I'm not sure the Rangers case went against us as such. It was very much an own goal from HMRC. Had that case gone against us fully, many of us would have been on the receiving end of follower notices...
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    A 'Super non-refundable APN' at that!!

    A 'Super non-refundable APN' at that!!
  29. Update on the implementation of the loan charge

    Published by HMRC this morning:

    Update on the implementation of the loan charge - GOV.UK
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    The articles are correct, as the DR legislation...

    The articles are correct, as the DR legislation came into effect in December 2010. I attempted to settle at the time for all my years pre and post 2010 but it was declined for this reason.
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    [Withdrawn] Tax on contractor loans: extended...

    [Withdrawn] Tax on contractor loans: extended time limit and more information - GOV.UK.


    Disguised remuneration: settling your tax affairs - GOV.UK
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    Bearing in mind you had an obligation to declare...

    Bearing in mind you had an obligation to declare your loans to HMRC by October 2019 (if memory serves me right) and by law, you have to declare ALL loans by the end of September this year on your...
  33. Thread: Loan Charge 2

    by regron
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    Exactly, which makes you wonder if HMRC play this...

    Exactly, which makes you wonder if HMRC play this 'lip service' to their advantage. The quicker they cut the snakes head off, the quicker this part of HMRC's income dries up. By their own admission...
  34. Thread: Loan Charge 2

    by regron
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    Loan Charge 2

    Here we go. Might be geared towards tackling promoters, but without doubt they will utilise any further legislation to tighten up on the individuals as well i.e. all post 2019 schemes and those which...
  35. I would agree with this. Continue to fight by all...

    I would agree with this. Continue to fight by all means (I am) but you have to plan for worst ! In fact, have more than one plan. The best, worst and somewhere in the middle. It's a lot clearer once...
  36. I know some people who haven't needed to complete...

    I know some people who haven't needed to complete tax returns for a while now and therefore haven't and won't declare in 18/19 on the basis they haven't been told too, despite knowing they have too....
  37. if you are facing bankruptcy anyway, then any...

    if you are facing bankruptcy anyway, then any last throw of the dice could and probably would look attractive, no matter how many penalties may be put on them. Especially if the outcome would equal...
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    Sorry to be blunt, but please don't think for ONE...

    Sorry to be blunt, but please don't think for ONE minute this is the case. Look at it this way with regards to their options and approach.

    1. HMRC take a more relaxed approach and offer extensions...
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    I agree, FN's can't be handed out willy nilly and...

    I agree, FN's can't be handed out willy nilly and isn't that straight forward, but is something to be aware of.
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    Via litigation. Either win the case against your...

    Via litigation. Either win the case against your scheme, or via a follower notice based on winning a different scheme which they consider is similar to yours.
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    Write back asking for more time... you don't need...

    Write back asking for more time... you don't need to be that inventive under the current circumstances ;-)
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    The reporting stage ends on the 25th June, so can...

    The reporting stage ends on the 25th June, so can you not wait it out until at least then ? That way you will know what, if any changes to the loan charge are, which should help narrow down your...
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    Nothing tabled yet, but there is still time, all...

    Nothing tabled yet, but there is still time, all the way up to and including the reporting stage.
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    Just to put this into a bit of context, do you...

    Just to put this into a bit of context, do you realise how many years it has taken for him to get to this stage ? Purely down to how HMRC like to stall, stall and stall some more. I think even MH...
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    No, I think it has more to do with the fact...

    No, I think it has more to do with the fact people have made choices of which advisor they have chosen to go with. Therefore naturally, the kind of posts that were made cause worry, panic,...
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    If it is the one I am thinking of, then please...

    If it is the one I am thinking of, then please take peoples mental states into consideration. Too much damage has already been done. That isn't coming from one side of the fence or the other, purely...
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    Sticky: Had HMRC accelerated and concentrated their...

    Had HMRC accelerated and concentrated their efforts towards the promoters and sellers of these schemes, instead of the low hanging fruit. This and many other spotlights would not have been necessary...
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    Had HMRC accelerated and concentrated their...

    Had HMRC accelerated and concentrated their efforts towards the promoters and sellers of these schemes, instead of the low hanging fruit. This and many other spotlights would not have been necessary...
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    Are you a PSC that took salary and dividends ? If...

    Are you a PSC that took salary and dividends ? If so, you get nothing. Those who took / take dividends are not covered. Search dividends in the link below.

    Chancellor gives support to millions of...
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    Try this: ca.admin@hmrc.gsi.gov.uk

    Try this:


    ca.admin@hmrc.gsi.gov.uk
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