MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
HMRC has, for years, retained the right to go after these taxpayers for tax allegedly underpaid.
Among them is freelance IT technician Mr Adams (not his real name), who since April has received three demands totalling £27,900 from a job he held seven years ago.
If it’s later found that he was innocent of using an “aggressive avoidance” scheme, he will get a refund. In the meantime he has to find the money within months.
“The latest deadline I’ve been given is the end of September,” said Mr Adams, who explained that the amount was around a third of his yearly salary. “If I don’t get the money, I’ll go bankrupt.”
http://www.telegraph.co.uk/finance/personalfinance/tax/11865618/HMRC-uses-new-powers-on-contractors-I-was-told-to-pay-30000-within-90-days.html
Seems to cover a few people that I might have worked with...
Me, although it is currently being contested in court! Part of the EBT scheme, not due a huge amount if the appeal gets thrown out!
EBT employee benefit trust ? We where advised by a senior QC in 2002 that those trusts no longer worked and we couldn't set one up
That's the one, you rely on the people in the know advising you. Only did it for about a year so not too dramatic.
I seem to spend a large amount of time chasing them for tax refunds as they never seem able to get my tax code correct...
Got back £6k so far this year and they still owe me more.
Tell them to pay you £30,000 within 90 days and they can do the sums afterwards