Search Results - Contractor UK Bulletin Board

Search:

Type: Posts; User: Iter

Page 1 of 3 1 2 3

Search: Search took 0.00 seconds.

  1. Replies
    31
    Views
    5,583

    Given the timescales and changes how on earth can...

    Given the timescales and changes how on earth can they expect anyone to pay by 31/1. They change the goal posts daily. I imagine they will allow another TTP for the LC?
  2. Replies
    134
    Views
    36,269

    I settled back in May, with the LC factor and...

    I settled back in May, with the LC factor and pressure I decided to settle this one. Maybe in 20 yrs time I’ll be able to claim back....[emoji848]
  3. Replies
    134
    Views
    36,269

    They probably think you’ll just pay more interest...

    They probably think you’ll just pay more interest via settlement into open enquiries, if the LC is shelved.
  4. Replies
    3
    Views
    1,373

    Is this Phil M site? Isn’t this essentially the...

    Is this Phil M site? Isn’t this essentially the same as the LCAG?
  5. Replies
    12
    Views
    1,980

    When I settled a scheme in April they sent me the...

    When I settled a scheme in April they sent me the settlement docs which I had to ‘wet’ sign and return back.
    They then sent me another letter to confirm they accept my offer, which were also signed...
  6. Replies
    42
    Views
    6,204

    Poll: Open/closed years is only relevant to settlement....

    Open/closed years is only relevant to settlement. The LC is different, if you are declaring this ALL loans for all previous years should be calculated. Only exception to not declaring loans is if...
  7. Replies
    16
    Views
    1,997

    I would say if you were in discussion and had got...

    I would say if you were in discussion and had got as far as receiving the agreement contract you would not need to disclose, but if you’ve told them to reject it and your intention is too not settle...
  8. Replies
    16
    Views
    1,997

    There was some confirmation screen shown saying...

    There was some confirmation screen shown saying it was submitted which could be printed, but no ref or confirmation email which would have been nice.
  9. Replies
    16
    Views
    1,997

    I bet they would say that! This wouldn’t happen...

    I bet they would say that! This wouldn’t happen to be related to the scheme originally dreamed up by an ex porn star.
  10. Replies
    11
    Views
    1,965

    Loan Charge 30 Sept - Online Form

    It is not 100% clear, I too originally registered an interest in settling back in may18 and sent details for 2 schemes. Since then though I settled one scheme and not proceeded with the other.... so...
  11. Replies
    11
    Views
    1,965

    And if you don’t make the disclosure you could...

    And if you don’t make the disclosure you could end up with penalties? Advisers have already said regardless of review the submission deadline should be adhered too. Tbh I don’t think the online form...
  12. What happens though if money was transferred from...

    What happens though if money was transferred from your ltd business account to the scheme and then a percentage of that pays to your personal account. I’m probably veering away from the original...
  13. Replies
    112
    Views
    20,469

    Someone I know is completing the online...

    Someone I know is completing the online disclosure for some pre 2011 years, and have seen the question ‘is this loan an approved fixed term loan’ yes/no/don’t know.
    I have used similar scheme for...
  14. Agree if u were using the scheme as an umbrella...

    Agree if u were using the scheme as an umbrella you were an employee. If you were setup as ltd as sole director then you would still be an employee receiving the loan
  15. Replies
    17
    Views
    3,727

    Independent Loan Charge Review

    It sounds like you have a new loan to repay your agreed settlement? , in this case you have settled and won’t incur the loan charge. You have already settled so whatever happens with the review makes...
  16. Replies
    14
    Views
    3,485

    Send details to LCAG so they can give more...

    Send details to LCAG so they can give more damaging evidence about HM to the review
  17. Replies
    75
    Views
    14,739

    I would assume the large deductions are from...

    I would assume the large deductions are from where HMRC have exaggerated the figures in the first place.
  18. Replies
    17
    Views
    3,727

    Independent Loan Charge Review

    It’s so ambiguous. I ‘registered an interest’ to settle last year and provided figures for a particular scheme.... so they have the details. However I had then earlier this year decided not to...
  19. Replies
    75
    Views
    14,739

    One scheme I previously settled in May. I’m...

    One scheme I previously settled in May. I’m guessing as it would stand that is final unless there is some new radical turnaround and allows the money to be claimed back?
  20. Replies
    108
    Views
    22,412

    Thanks chimpmaster... sounds promising but not...

    Thanks chimpmaster... sounds promising but not holding my breath. Hopefully they can announce formally before the 1/10 disclosure deadline.
  21. Replies
    108
    Views
    22,412

    Been watching PMQ, I must have missed it? So is...

    Been watching PMQ, I must have missed it? So is there a review?
  22. Replies
    134
    Views
    36,269

    Not applicable in my case anyway as have settled...

    Not applicable in my case anyway as have settled this scheme, any other users settled?
  23. Replies
    134
    Views
    36,269

    Apparently promoters have sent this out, a...

    Apparently promoters have sent this out, a solution to a solution! It mentions about the client paying of the loan with the funds of a ‘true loan’ to eliminate potential loan charge but doesn’t that...
  24. Replies
    112
    Views
    20,469

    The loans would prob not be declared on p60, if...

    The loans would prob not be declared on p60, if you did get any it may just be a line somewhere on payslips. Ultimately if you believe you never actually received any income from loans then tell HM...
  25. Replies
    29
    Views
    2,453

    BBC Iradio player -‘0600 today show’, features...

    BBC Iradio player -‘0600 today show’, features this from about minute 52:00 to 57:00
  26. It’s b

    It’s b
  27. Replies
    20
    Views
    4,194

    Tribunal and beyond

    If tax payer wins at FTT would it be likely HMRC will always appeal? If they do is it then on them to bring forward a new argument to change decision? If appeal was lost, is the FTT decision then...
  28. Replies
    20
    Views
    3,046

    We really are in a sad state of affairs when a...

    We really are in a sad state of affairs when a blubbering idiot such as a finance minister is not clearly able to explain proposed changes and then for the old codgers in HOL to be so easily...
  29. Replies
    20
    Views
    3,046

    Hopefully this is just the start, with new PM...

    Hopefully this is just the start, with new PM looming, and keeping the pressure up further changes can be pushed through....
  30. Replies
    47
    Views
    25,447

    Sticky: So where there is an open year(s) but settlement...

    So where there is an open year(s) but settlement has been completed, are the enquires still officially open? Assuming from HMRC perspective if they have reached settlement they won’t be perusing...
  31. Replies
    460
    Views
    105,392

    Sticky: A general query, since settling some previous...

    A general query, since settling some previous years with a certain scheme, when would one expect to receive a closure notice for an enquiry? I assume a closure is still required to officially put the...
  32. Replies
    28
    Views
    3,503

    There is link to ‘settlement’ tax payments in the...

    There is link to ‘settlement’ tax payments in the tax section. This is the HMRC Shipley account. I made some payments here, before a payslip arrived which then gave the details. I believe the main...
  33. Thread: IHT on AML

    by Iter
    Replies
    6
    Views
    924

    AML are just the promotors though?? It wouldn’t...

    AML are just the promotors though?? It wouldn’t matter if they exist or not. The trust doesn’t disappear
  34. Thread: IHT on AML

    by Iter
    Replies
    6
    Views
    924

    Adamit - did you pay the settlement / tax or do...

    Adamit - did you pay the settlement / tax or do you mean that you repaid the loans back?

    If loans are repaid does this generate IHT?

    If you settled by paying the tax liability my understandin...
  35. Replies
    108
    Views
    22,412

    A scheme which has ‘rebranded’ and ‘doesn’t...

    A scheme which has ‘rebranded’ and ‘doesn’t affect the clients’[emoji849]
  36. Replies
    28
    Views
    3,503

    Once you sign the settlement agreement they will...

    Once you sign the settlement agreement they will send their acceptance letter, at that point you will then need to pay. Unless you agreed on TTP you will have to pay the sum in one go as per each...
  37. Replies
    28
    Views
    3,503

    You just need to ensure the reference number is...

    You just need to ensure the reference number is added to payment
  38. Replies
    28
    Views
    3,503

    Following the links on gov site settlement...

    Following the links on gov site settlement payments can be made to thier Shipley account, however they do send out a payment form ......
  39. Replies
    28
    Views
    3,503

    Yes if you settle under the recent terms I...

    Yes if you settle under the recent terms I believe they only calculated interest upto Sep 18, in my experience any delay caused by them should mean you don’t get penalised.
  40. Replies
    28
    Views
    3,503

    Re to point 1 you may owe interest as this is for...

    Re to point 1 you may owe interest as this is for late payment at 3.25 from the tax year date it was originally owed, to I believe Sep 18. Ie if tax year was 13/14 then tax is calculated in...
  41. Replies
    28
    Views
    3,503

    How Soon Do HMRC Want The Money

    Not yet... the deed is in relation to the loan schemes mentioned and quite rightly loan charge would not apply, but technically the outstanding enquiries are still open until told otherwise. Guess...
  42. Replies
    28
    Views
    3,503

    Does anyone rec a confirmation that payment is...

    Does anyone rec a confirmation that payment is received and processed, and prev enquires are closed? I expect that would be too much to ask from HMRC!
  43. Replies
    28
    Views
    3,503

    By the time they had sent me the settlement deed...

    By the time they had sent me the settlement deed the date stated only gave me about a week to sign, it also said the payment was due by certain date. There was a delay in the process and I had...
  44. Replies
    927
    Views
    207,278

    AML 2019 Loan Charge

    I ve heard this in a few cases and think it’s been discussed in previous discussions.... if you are talking about settlement that is different to how the loan charge would work..... I too have...
  45. Replies
    927
    Views
    207,278

    The loan charge is meant to be tax on...

    The loan charge is meant to be tax on ‘outstanding loans’ [emoji848] Would this not be the amounts in theory then that you personally received and shown on payslips?
  46. Replies
    7
    Views
    1,001

    Your tax shouldn’t be more though (depending on...

    Your tax shouldn’t be more though (depending on other earnings in that tax year) than approx 4-8k. With added interest of around £400 - £800....
  47. Stride conforming that HMRC have a dedicated team...

    Stride conforming that HMRC have a dedicated team to manage TTP and there is no definite limit to time to pay. Ok how about £50 a month for the next 50 years
  48. Today’s debate resumed around 16:00 on the...

    Today’s debate resumed around 16:00 on the parliament tv, and Stride giving his response about 16:45
  49. Replies
    10
    Views
    1,784

    Are you sure?

    Are you sure?
  50. Replies
    10
    Views
    1,784

    Just received my settlement pack

    Maybe your terminology is what’s confused him[emoji6]

    As Webberg said the TTP interest is actually 4.25% of the amount agreed to settle over the agreed time( not 1%). That is separate to the 3.25...
Results 1 to 50 of 130
Page 1 of 3 1 2 3