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  1. This, IMO.

    This, IMO.
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    Ok, thanks. I'm fairly sure I need TTSMH*. ...

    Ok, thanks. I'm fairly sure I need TTSMH*.



    *time to sell my house
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    Twitter? Ah, I don't use that. Does this page...

    Twitter? Ah, I don't use that. Does this page have a twitter page? Do you have a link plz
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    So you have 30 days to sort a Time To Pay option?...

    So you have 30 days to sort a Time To Pay option? Or this needs to be done before this point? thanks
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    Something has. This area of the forum used to be...

    Something has. This area of the forum used to be a mad frenzy of 'help me' requests. Now it's dead in here... :tumble:
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    My TA told me it'll take a couple of months after...

    My TA told me it'll take a couple of months after agreeing to settle, before I recieve HMRCs calcuations. Then my TA will check, and send them back. Then a couple of months after you'll get your...
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    What's MP? I'm told there is no negotiating. You...

    What's MP? I'm told there is no negotiating. You simply pay what 'you owe' if you chose to settle?
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    I can't attach a picture/pdf by message. I'll...

    I can't attach a picture/pdf by message. I'll email if that's OK?

    FYI, I'm happy the figures make sense - but the difference between personal Vs complete is just much higher than i thought. Ta.
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    did someone insist? if so, who?

    did someone insist? if so, who?
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    example numbers ... My personal settlement...

    example numbers
    ...
    My personal settlement didn't include any NIC - just PAYE. This was £40k ish, so possibly artificially low?
    My complete company and personal settlement, (inc employee and...
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    I ******** wish. You also have to settle your...

    I ******** wish.

    You also have to settle your limited company too (ie, having the corp tax readjusted). So, if personal settlement is £X,xxx, my 'complete' settlement is actually £X,xxx+80%
    ...
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    There are loads, try Google. However there's...

    There are loads, try Google.

    However there's one company who patrols these forums, works for a one off fee, and once settled will help release/waiver/remove the actual loan from your name.

    And...
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    Ah, yes Ok. I thought that was only if you waited...

    Ah, yes Ok. I thought that was only if you waited for the Loan Charge, and didn't settle.
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    You don't need to pay back the loan, you just pay...

    You don't need to pay back the loan, you just pay the PAYE tax on the loan as though it was income in those years. Assuming you aren't a limited company director?

    UK Salary Tax Calculator...
  15. 8 years of showerbummings first though.

    8 years of showerbummings first though.
  16. I have personal and limited company liabilities...

    I have personal and limited company liabilities to settle, so the tax bill is greater than many others using loan schemes. So as an example, I would like to hope one day it was proven the scheme...
  17. Do they mean the new company the loan has been...

    Do they mean the new company the loan has been transferred too can't call in the loan? If so will they put that in writing? I'm guessing so, for an 'admin fee'...?
  18. I pipe up with the word "hope" quite a lot, as...

    I pipe up with the word "hope" quite a lot, as that's all I have left. It might confuse those in a panic who are skim reading.

    ie, settlement is settlement, but i hope one day if LCAG is...
  19. Some Trusts are moving to countries where no...

    Some Trusts are moving to countries where no public records are kept. So yes I guess that keeps them safe for a bit longer...

    Maybe in future HMRC approach the Trusts and negotiate a deal where...
  20. Who is the new finance company? Are they in the...

    Who is the new finance company? Are they in the UK, and can you see them on companies house?

    Might just be passing the issue to another company that sends out a few threatening emails and then...
  21. Settlement is settlement, and there is no come...

    Settlement is settlement, and there is no come back for me. I understand that. I'm saying I "hope" it becomes a real thing, like the PPI debacle or something similar.

    Not all are, you're correct....
  22. That's what I am planning my hopes on, play ball...

    That's what I am planning my hopes on, play ball today and fight it later if LCAG win... Imagine if those coming forward to settle are penalised, whilst those who lied and hid - keep their cash....
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    I'm not saying I'd lie, I'd just tell them...

    I'm not saying I'd lie, I'd just tell them afterwards.

    I'm fairly sure they won't have enough info on my trust to charge IHT anyway.
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    I'm not a TA, I'm using one. I'd have thought...

    I'm not a TA, I'm using one. I'd have thought however, if you're settling to avoid the loan charge it doesn't matter what the money is dressed up as. It is a loan thou, so i don't see the issue. If...
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    I'd be interested to hear if this is true. I'd...

    I'd be interested to hear if this is true. I'd rather NOT indulge my future plans, as they are only plans. Merely tell the HMRC once/if I have the completed the loan release process.

    Imagine...
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    Doesn't effect me, I only started the scheme in...

    Doesn't effect me, I only started the scheme in 2017 lol so I'm settling. Hopefully though they'll ignore closed years, and only go after the likes of me, and my colleagues who aren't settling and...
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    The general consensus is don't use another scheme...

    The general consensus is don't use another scheme to solve the loan scheme. If it's anything other than fighting or settling, leave it alone. If you try to be a clever dick twice, i can imagine HMRC...
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    No, aware of its existence, but not exactly what...

    No, aware of its existence, but not exactly what it meant. I am/was a contractor due to the nature of my work, not through choice as such. With regards to Ir35 i wrongly assumed it meant you couldn't...
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    I was confident I'd be on the project for more...

    I was confident I'd be on the project for more than 2 years, and I thought one of the issues with IR35 was that you couldn't work on a project for more than 2 years, you'd have to move on. I'm not an...
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    It was for protection on a certain/unique...

    It was for protection on a certain/unique project. Luckily, my very recent time on the scheme counts for less than 20% of the time I've been contracting. As another poster said, the IR35 just covers...
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    Incorrect, and unfortunately sounds like your...

    Incorrect, and unfortunately sounds like your swallowing all the HMRC propaganda about us all living Wolf of Wall Street lives.

    In some cases (mine) the difference between this scheme - and...
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    Some recently did it for IR35 protection for...

    Some recently did it for IR35 protection for April 2020. With a partner as a director, and pension contributions - the financial difference wasn't worth getting excited about.
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    I did, and I am. My settlement figure was...

    I did, and I am.

    My settlement figure was grim but manageable, as I've always kept a tiny bit aside for a rainy day. The issue is settlement isn't actually full settlement, if you own a limited...
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    Sticky: Maybe so, but I don't want them to think I've...

    Maybe so, but I don't want them to think I've just found 100k laying about. At least TTP backs up my argument "I don't have any money".
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    I could be wrong, but as time goes on - more and...

    I could be wrong, but as time goes on - more and more people (like me) give up and settle. Therefore there's less and less people still active to fight. I'm drained, and it's still going on.
  36. but only on past closed years? I'm guessing...

    but only on past closed years?

    I'm guessing there's some small print, as this was the first thing i mentioned with my TA over the phone - and was told 'no it doesn't work'. I've asked again...
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    How my my scheme sounds very similar to yours,...

    How my my scheme sounds very similar to yours, although i also took a tiny salary of 10k per year - the rest was small divis and big trust loans.

    My 'complete settlement' done by a Tax Advisor,...
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    Of course they'll come back to you asking the...

    Of course they'll come back to you asking the corrected amount. The question, is will they notice...
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    That seems quite a simple fix to this outstanding...

    That seems quite a simple fix to this outstanding loan mess. I assume it works because of the fiduciary trust relationship in that your dying 'best interest' is they don't take any thing from your...
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    This is interesting, I'll do this too I think....

    This is interesting, I'll do this too I think. Who gave you the advice? A legal professional or gazza down the slug n lettuce?

    I think my promoter is a relative of mannmade, they also offered me...
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    Sticky: I've said you're not allowed too, but you can...

    I've said you're not allowed too, but you can borrow money to buy a new bathroom... I only enquired with my bank Santander as I wanted an interest rate, I've never needed to borrow money before....
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    Sticky: I've been told you're not allowed to put tax...

    I've been told you're not allowed to put tax bills on credit cars / loans. I phoned my bank, told them the situation, they said no. So i phoned back straight away and said i wanted a new bathroom,...
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    The employer and employee NIC comes from your Ltd...

    The employer and employee NIC comes from your Ltd Co. The PAYE tax comes from you personally. (That's how it works for me anyway).


    I've declared the trust loan I received, not sure when i'm...
  44. bumpsorry

    bumpsorry
  45. I see, that's the key bit of info i was missing....

    I see, that's the key bit of info i was missing. Have a 'like'.
  46. Hmm. I've been told no by my TA. I'll ask again...

    Hmm. I've been told no by my TA. I'll ask again now I'm a paying client and not just 'fishing for info'.

    Does this still count as being settled?

    Edit - ah, is there some rule that stops you...
  47. So, it a nut shell, using that example: Your...

    So, it a nut shell, using that example:

    Your total outstanding loans are £100,000, and your other income in 2018/19 is £50,000.
    You can contribute up to £150,000 to your pension, but you only...
  48. Thank you. So my (ashamedly) first year receiving...

    Thank you. So my (ashamedly) first year receiving loans was from April 2016, making my first SATR Jan 2019. This is a very much open yeah, and hence no chance to use this 'pension idea'...?
  49. How does this work? I receive a 'file not found'...

    How does this work? I receive a 'file not found' error when i view the OPs pdf.

    Does it apply to everyone settling?
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    What? you mean the initial number was wrong? Not...

    What? you mean the initial number was wrong? Not "you got it down"....
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