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  1. Replies
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    HMRC's position is here EM5130 - Enquiry Manual -...

    HMRC's position is here EM5130 - Enquiry Manual - HMRC internal manual - GOV.UK This of course is not law.

    There are a wealth of tax cases which deal with the facts of specific cases so some...
  2. Sorry Woffle but they're not a matter of public...

    Sorry Woffle but they're not a matter of public record.

    Judgements.im tells the reader "Currently this site lists the following:- The vast majority of all publically available judgments handed...
  3. Lowpaid - Remember that many of the loans are...

    Lowpaid - Remember that many of the loans are Isle of Man loans. This is not a County Court. The law in play while similar to UK, is actually the law in what is effectively a foreign country. There...
  4. It is worth remembering that the IOM and the...

    It is worth remembering that the IOM and the United Kingdom are separate countries for tax purposes.

    An IOM Civil Court would have to determine whether there was a valid contract. How the proceeds...
  5. Dan I'm currently based in the IOM so if you...

    Dan

    I'm currently based in the IOM so if you want anything about "IOM rules" (whatever you mean by that), just shout and I'll link you to them. everything should be online and I've become quite...
  6. This is a pretty good summary as a starting...

    This is a pretty good summary as a starting point. https://www.contractoruk.com/forums/hmrc-scheme-enquiries/137940-loans-being-demanded-summary.html
  7. Replies
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    A new member who signed up yesterday. A new...

    A new member who signed up yesterday.
    A new "wheeze" for improving take-home to 71% in an example which was later edited out (thanks NAT).
    No details of the offering company either.

    Can anyone...
  8. Replies
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    The filed accounts for FS Commercials show a...

    The filed accounts for FS Commercials show a related party loan relationship of £250000 - with Pendulum and also show a Peter Hudson as a common director.
  9. They undoubtedly are Sid, as are HMRC - hi...

    They undoubtedly are Sid, as are HMRC - hi boys:wave:

    webberg is an advisor and was a very active poster until a recent spate of posts questioning his motives saw him withdraw.
    If you want to...
  10. The $64000 Question! This sticky is (IMHO) is...

    The $64000 Question!

    This sticky is (IMHO) is helpful https://www.contractoruk.com/forums/hmrc-scheme-enquiries/137940-loans-being-demanded-summary.html
  11. Clairol You're probably best ringing WTT...

    Clairol

    You're probably best ringing WTT directly. Graham hasn't been so active on here recently.
  12. Replies
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    You could ring WTT. If there's a whiff of some...

    You could ring WTT. If there's a whiff of some kind of con, WTT are members of the Chartered Institute of Taxation and perhaps a complaint to CIOT would be in order. Professional Standards |...
  13. Thread: HELP Needed.

    by piebaps
    Replies
    4
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    928

    Dontknow. Stop. Take a few deep breaths. Have...

    Dontknow. Stop. Take a few deep breaths.

    Have a read of the sticky at the top of this section. It should tell you all you need to know.
  14. Replies
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    There a separate Felictas thread Brian and a loan...

    There a separate Felictas thread Brian and a loan summary sticky too. You'll soon pick up the general gist.
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    No they.re fine - "Hamilton Rose LC have been...

    No they.re fine -

    "Hamilton Rose LC have been working with the pre-eminent Tax QC to establish a filing position that reduces the “Loan Charge” to nil. This will bring relief to thousands of...
  16. Have a read of this thread Shampers you may find...

    Have a read of this thread Shampers you may find it helpful https://www.contractoruk.com/forums/hmrc-scheme-enquiries/137940-loans-being-demanded-summary.html
  17. Replies
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    Sorry Simon but that holds no water. The UK...

    Sorry Simon but that holds no water.

    The UK and IOM have a reciprocal agreement for NIC. It dates back to 1948 and basically says that the two territories are treated as one for NIC purposes....
  18. Happy - forgot to add the obvious. Beware of...

    Happy - forgot to add the obvious.

    Beware of following advice from anonymous folk on the internet.
  19. Happy - this may assist...

    Happy - this may assist https://www.contractoruk.com/forums/hmrc-scheme-enquiries/137940-loans-being-demanded-summary.html

    Look under "mythbusting" in post #1

    Also, the IOM FCA doesn't regulate...
  20. Replies
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    Sticky: Due in Court in the IOM tomorrow. No idea of the...

    Due in Court in the IOM tomorrow. No idea of the nature of the action.

    https://www.courts.im/media/2431/chancery.pdf

    Keep watching for the judgement.
  21. It has been mentioned Mr P, several times in...

    It has been mentioned Mr P, several times in fact. I know its a big thread, but a read may help you with the background. There are also some stickies at the top of the page which summarise things in...
  22. Barry, I'd suggest you do some background...

    Barry, I'd suggest you do some background reading. Here's as good a place as any https://www.contractoruk.com/forums/hmrc-scheme-enquiries/137940-loans-being-demanded-summary.html

    It summarises...
  23. My uncle's been on one. He's picking up nicely...

    My uncle's been on one. He's picking up nicely now.
  24. There's a "sticky" at the top of the page fellas...

    There's a "sticky" at the top of the page fellas - its fairly comprehensive and worth a read.

    https://www.contractoruk.com/forums/hmrc-scheme-enquiries/137940-loans-being-demanded-summary.html
  25. Auckland Terrace is a row of old townhouses on...

    Auckland Terrace is a row of old townhouses on Ramsey's main street Parliament Street. Most if not all have been used as commercial premises for as long as I can remember.

    There's a couple of...
  26. Spider, I think you've misunderstood me. I didn't...

    Spider, I think you've misunderstood me. I didn't mean to suggest that they were unaware of what was happening.

    I meant that I suspected they were simply providing CSP/admin services and weren't...
  27. Felicitas is an Isle of Man company and the UK...

    Felicitas is an Isle of Man company and the UK Official Receiver has no jurisdiction.

    Try the IOM Attorney General Isle of Man Government - Attorney General's Chambers

    Others have already...
  28. Maffaz - you have quite a bit of reading to do...

    Maffaz - you have quite a bit of reading to do I'm afraid.

    The sticky at the top is probably the best summary
    ...
  29. Fiscus Management you say? FISCUS MANAGEMENT...

    Fiscus Management you say?

    FISCUS MANAGEMENT LIMITED - Overview (free company information from Companies House)

    previously called DOR Resolution Limited.

    75% or more ownership of shares lies...
  30. Thread: Panic buying

    by piebaps
    Replies
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    The eejits that couldn't panic buy dried pasta...

    The eejits that couldn't panic buy dried pasta have swept up flour supplies so they can make their own. The world's gone mad I tell ye.
  31. It has indeed brought in GDPR however its...

    It has indeed brought in GDPR however its administered by the IOM Government's Information Commissioner. Their website is here Isle of Man Information Commissioner

    The IOM Commissioner is quite...
  32. Good question creativity. We've speculated before...

    Good question creativity. We've speculated before that BT are unlikely to be involved in this sort of stuff other than providing CSP/admin services. The ultimate owner is more likely to be from...
  33. Replies
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    What does it say in your contract with the...

    What does it say in your contract with the accountant? He may be doing exactly what he is contracted to do and no more. If you want advice on how to reduce your tax liability it may be extra work...
  34. Replies
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    Sticky: Well funsize, you've come to the right place!! ...

    Well funsize, you've come to the right place!!

    Don't post too much detail on here as HMRC plus the scumbags who operated whichever scheme you used all read these pages. Also, beware of trusting...
  35. Ryan You really need to take some time and...

    Ryan

    You really need to take some time and read the whole thread. Post #864 provides a neat summary and there's also a sticky at the top of the page. Felicitas' address is easily checkable at the...
  36. Superfly - see post #219

    Superfly - see post #219
  37. Replies
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    It appears to be already happening and has been...

    It appears to be already happening and has been for some time.

    2011 Police raid Isle of Man tax firm offices in fraud case | International Adviser (although it didn't end well for HMRC)

    2013...
  38. Lisa The best summary is here...

    Lisa

    The best summary is here https://www.contractoruk.com/forums/hmrc-scheme-enquiries/136766-felicitas-repayment-demands-nutshell.html
  39. Replies
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    Use the search facility Bear, there's loads on...

    Use the search facility Bear, there's loads on this question. Grab a brew too, you may be a while.
  40. Eek has it. IOM lawyers are not allowed to...

    Eek has it. IOM lawyers are not allowed to operate on a no win/no fee basis so they would want to be paid up front. Here's an IOM lawyer's website which explains the costs position quite well...
  41. In the IOM there are no solicitors. Instead there...

    In the IOM there are no solicitors. Instead there are advocates. This is a cross between a solicitor and a barrister. Additionally, IOM advocates are not allowed to work on a no win/no fee basis. If...
  42. You're not very clear Plato about exactly what...

    You're not very clear Plato about exactly what offence you think has been committed. Have you spoken to the Police?

    Ahh just seen #713

    Nobody as far as I know has said the schemes were illegal....
  43. Nail on head - hit. Sir Amyas Morse said in...

    Nail on head - hit.

    Sir Amyas Morse said in his report

    "HMRC’s evidence, set out more fully below, is that approximately 40% of people who exclusively used schemes from the 2011-12 tax year...
  44. LOL @ deal. It's the professional forum and I was...

    LOL @ deal. It's the professional forum and I was trying to be professional. I like your wording better.
  45. The why is the easy bit. You have climbed into...

    The why is the easy bit. You have climbed into bed with some rather unscrupulous people who operate mass marketed tax avoidance schemes. They have sold you a product which HMRC claim doesn't achieve...
  46. The press is a two edged sword Obi1. Also - he...

    The press is a two edged sword Obi1.
    Also - he who sups with the devil needs a long spoon.

    Remember that the public perception of "schemes" may mean that gutter press involvement doesn't deliver...
  47. Hell Waaza, that's really clutching at straws :D...

    Hell Waaza, that's really clutching at straws :D

    Development in the Isle of Man Isle of Man Government - News

    Quinton Private Finance Limited's moneylender licence has expired. Directors A...
  48. We can never really know the answer to this. My...

    We can never really know the answer to this. My own research has however shown that Schemes change ownership more often than you would think. Take this hypothetical scenario.

    1. Tax planning...
  49. I did indeedy. As I said, this law was...

    I did indeedy.

    As I said, this law was introduced for a purpose and it wasn't anything to do with IR35. If someone makes a complaint and provides the OFT with some evidence then, the experts on...
  50. Moneylenders in the Isle of Man are covered by...

    Moneylenders in the Isle of Man are covered by the Office of Fair Trading and their details are here Isle of Man Government - OFT Licensing and Registration

    The 1991 Moneylenders Act is here...
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