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  1. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: Right here we go...(phone call received from...

    Right here we go...(phone call received from HMRC)

    HMRC have included the year 2014/15 (whether it is protected or unprotected) as it is within their 6 year enquiry window working 6 years back...
  2. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: It was an anonymous call (unless they...

    It was an anonymous call (unless they automatically track my mobile number to my account).
  3. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: it appears not. Their response is it doesn't...

    it appears not. Their response is it doesn't matter whether they have an open enquiry or not, the year 2014/05 is included as a protected year (and interest will be added). I'll let you know what...
  4. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: I just came off the phone with HMRC. They said...

    I just came off the phone with HMRC. They said that any closed (unprotected) years should not have interest added unless it is the year 2014/2015 (or later) which they are including as within the...
  5. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: thanks. How is "technically in time for...

    thanks.

    How is "technically in time for enquiry" defined by HMRC please?
  6. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: Interest due (Inconsistency)

    Gents,
    probably the wrong thread so apologies...however

    I've looked at 2 peoples settlement letters and all are different in how the unprotected years are treated.

    Case 1 - 3 years affected:...
  7. Replies
    142
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    24,291

    Protected, Unprotect or Both?!?!!?

    Just got my figures through. Disappointingly they are quite a bit higher than I was told by the company dealing with my resolution. Still whats another £25k eh :tumble:

    Anyways, where are people...
  8. Replies
    15
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    2,796

    The LCAG is about people like you, me and...

    The LCAG is about people like you, me and everyone else who are involved doing something and taking action. It is not about sitting about going the LCAG will achieve something as they are only...
  9. Replies
    8
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    1,580

    Totally agree with this. I don’t see how HMRC can...

    Totally agree with this. I don’t see how HMRC can know what the loan amounts are unless they were declared or the employer has since provided them as part of an information request... which is highly...
  10. Replies
    44
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    11,255

    If you are affected by this and have done nothing...

    If you are affected by this and have done nothing (other than read these posts) to help yourself or the cause then go ahead and cry yourself to sleep because the HMRC bullies are winning. 20 years...
  11. Replies
    20
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    4,952

    ....

    CLSO is not risk free as it involves paying what you might not owe. The only thing risk free about it is that you pay up to 20 years of bull sh1t illegal unprecedented taxation as a result of severe...
  12. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: Slightly disappointed to have missed this,...

    Slightly disappointed to have missed this, especially being a WTT client. I must have missed the email invitation...
  13. Replies
    1
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    1,067

    I would also assume that keeping the two (self...

    I would also assume that keeping the two (self assessment and CLSO) separate makes more sense. This is how I’m playing it. I am not a tax advisor however sooo
  14. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: LCAG are crowd funding for litigation to try and...

    LCAG are crowd funding for litigation to try and change the LC to act from 2017 (the date it was implemented) rather than retrospectively (back to 1999). You may want to consider putting your money...
  15. LCAG Litigation is happening - Sticky PLEASE

    People,

    its time to fight HMRC. There's no time for sitting around crying about being treated unfairly... stand up and take action!!

    Loan Charge Judicial Review - Loan Charge Action Group
    ...
  16. Time to litigate!!!!!!!!!!!!!!!!!!

    people get your cash out....its time to get motivated....its now or never...this is happening now so don't go crying yourself to sleep that you've been treated unfairly if you did nothing about...
  17. Replies
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    1,677

    Is it really thousands Webberg? as in 10s of...

    Is it really thousands Webberg? as in 10s of thousands??

    HMRC are gonna have their work cut out! perhaps those murmurings of being short staffed are founded after all... even processing 10 a day...
  18. Thanks. I think we have gone away from my...

    Thanks. I think we have gone away from my original question. Yes it was a loan, yes it may be in the form of tax avoidance..I just wondered whether there was a grey area whereby certain arrangements,...
  19. It would appear from this forum that there maybe...

    It would appear from this forum that there maybe a few more than you think!
  20. What can I say, I was an exemplar employee ;D

    What can I say, I was an exemplar employee ;D
  21. Why did the employer make you a loan and not just...

    Why did the employer make you a loan and not just pay you a salary?
    I spotted a personal investment strategy whereby I could only enter with a minimum of £120k and could not received this amount as...
  22. Replies
    450
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    93,735

    Sticky: I think you’ve answered your own question. If...

    I think you’ve answered your own question. If you’ve decided you want to declare then CLSO process has to be preferred route for two reasons:
    1) TTP arrangement
    2) it is still none commital (I.e....
  23. They are my employer and they lent me the money...

    They are my employer and they lent me the money directly. Contractually speaking it is plain vanilla.
    As webberg illudes to though it could still be challenged as DR due to the wider aspects of the...
  24. Lol yes the loan provider is claiming that...

    Lol yes the loan provider is claiming that defence.. and taking their side, why not? All of the commercial loans would have to be assessed on a case by case basis to determine whether they are actual...
  25. Let’s for argument sake say everyone agrees that...

    Let’s for argument sake say everyone agrees that the loans are tax avoidance loans. Does that automatically put them in the scope of the Loan Charge 2019 as currently defined?
  26. Employers loan/ Commercial Loan Arrangements - thoughts please

    I was involved in an arrangement where by a received a loan from my employer under commercial terms (a commercial loan agreement). I'm going through CLSO but I was wondering how other people are...
  27. Replies
    450
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    93,735

    Sticky: TTP I thought was Time to Pay - Or basically...

    TTP I thought was Time to Pay - Or basically Terms of Payment. I thought it applied to this new 5
    year time to pay back the loan they appear to be offering if you can demonstrate you are earning...
  28. Sticky: There is a group who will do this for you.......

    There is a group who will do this for you.... https://www.hmrcloancharge.info
    They are driving for media campaign.

    You may also wish to speak to Scott Birchall from Smooth Commercial Law...
  29. Replies
    32
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    13,165

    Sticky: ..

    I totally disagree with these discriminatory terms for repayment. Its another classic case of "those who took the risk and blew all the cash on (fill in the blanks)" now have a better deal in terms...
  30. Replies
    450
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    93,735

    Sticky: *crickets* Lol

    *crickets*

    Lol
  31. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: More terrifying scare mongering from the WTT...

    More terrifying scare mongering from the WTT crew. You missed the point but whatever...
    Yes there are risks, but to advise that Hector “know everything” as the WTT consistently preach is simply...
  32. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: Don’t believe the hype.. I know someone who...

    Don’t believe the hype.. I know someone who registered for CLSO and HMRC came back with “would you mind telling us what schemes you were involved with?”
    So despite all the rumour.. it appears they...
  33. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: i agree... If i were in that situation (no open...

    i agree... If i were in that situation (no open enquiries and schemes dating prior to 2004 + out of the country)...I would not be on this thread. I wouldn't even be giving a second thought. Sounds...
  34. Replies
    33
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    7,502

    ..

    If us people as a collective i.e. the people who are affected can not even be 4rsed to do anything to help themselves why should anybody else?
    We need to stop wallowing around, feeling sorry for...
  35. Thread: BIG GROUP

    by Finalwhistle
    Replies
    1,593
    Views
    394,457

    Sticky: LCAG..

    appears to be heavily linked with BG so i'm sure its ok to post here? (apologies if not)

    https://www.hmrcloancharge.info/

    join up and get involved...
  36. Sticky: Petition

    Of course people not directly affected by the LC will not sign this, in addition they will have very little sympathy.. and who could argue with them. As on the face of it they will be thinking “well...
  37. In what country is the lending company based? I...

    In what country is the lending company based? I only ask as I have heard of outside the UK they don’t have much right to force you into paying the loans back. Have you tried speaking with the...
  38. You would expect.. because you are calculating it...

    You would expect.. because you are calculating it incorrectly. I would be distributing the £100k throughout applicable years to maximise any available tax thresholds (in exactly the same way as CLSO...
  39. Replies
    370
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    92,171

    As a client of WTT and soon to be client of Phil...

    As a client of WTT and soon to be client of Phil it is fair to say that they sometimes have conflicting views and so are definitely different advisors using their best judgement. This is after all,...
  40. I think the answer to the question the thread is...

    I think the answer to the question the thread is asking is "yes". But its highly unlikely to reduce the DR LC to below your CLSO settlement value so why bother?
  41. ASK AN ADVISOR - THIS IS NOT AN ADVISORS...

    ASK AN ADVISOR - THIS IS NOT AN ADVISORS THREAD!!! phil@dsw will help you so send him a PM, pay him £500 notes, go through CLSO and let him work out whether its best for you to go DR LC and or/ use...
  42. LOL this doesn't surprise me...after all why...

    LOL this doesn't surprise me...after all why would HMRC be willing to give us a way out when they have our balls in their hands with the DR LC!?
  43. yes. speak to phil@dswtres or other advisor for...

    yes. speak to phil@dswtres or other advisor for further info.

    guys for advisor information it is best using another thread as advisors are not aloud to use this thread (so at best all you will get...
  44. ***UPDATE** turns out this is actually an option....

    ***UPDATE** turns out this is actually an option. For those who’re close to retirement or using pension pots to settle make sure you ask your advisor about this. Or again I can give you the name of...
  45. I hope it works out for you and everyone else...

    I hope it works out for you and everyone else involved. I’ve spent the money I would have put into BG into crypto currency as I think that has more chance of a return personally (unless they change...
  46. Replies
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    7,334

    Probably worth asking in an advisor thread. My...

    Probably worth asking in an advisor thread. My understanding is it applies to trust based loans only.
  47. good point. I dissolved my limited company...

    good point.

    I dissolved my limited company when i went "employed" with the loan arrangement so i would have had to start up a new LTD. This isn't such a big admin problem, however I thought if i...
  48. Replies
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    7,334

    see "made atlas shrug" post on other forums. He...

    see "made atlas shrug" post on other forums. He went through CLSO and was nearly charged second IHT.
  49. We got ourselves into this mess based on the Laws...

    We got ourselves into this mess based on the Laws and legislation at the time. It was always a risk yes and if you've spent the money and kept nothing in reserve then that maybe is the mistake. ...
  50. Just to make it clear. My initial question was...

    Just to make it clear. My initial question was surrounding a £1k charge to pay an advisor to "respond to an enquiry". As responding to an enquiry has no real outcome other than CLSO i was questioning...
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