Sounds like a good plan I will let you know if I hear something from the tribunal.

My tax bill is just over £22k - and there's absolutely no way I can pay it.

I appealed and sent all the documentation I had to HMRC,

a couple of weeks ago they wrote back and said it had been turned down.

Their view is that it was my responsibility to ensure that everything was above board.

Don't know what I'm going to do now.

I would make a complaint to your SIPP provider on the due diligence route, and try and make an arrangement to pay monthly with HMRC have do you own your home.

Yes, I have my own home. I have already sent HMRC an income/expenditure sheet (I'm self-employed) and got a letter back last week to say that it had been sent on to another department for review. I think I'll sit tight until I hear back from them, but it's not looking good.

Hi,

I too am in a serious situation with regard to HMRC in relation to G-Loans/KJK Investments.

It appears that I have no option but to agree a payment schedule with HMRC, whilst bankruptcy is an option (HMRC want c. £17k),

I'm not convinced that the sum is large enough to warrant the long term ramifications that bankruptcy brings.

I followed a court case which went to High Court (Mark Danvers vs. HMRC), the outcome fell in favour of HMRC.

I'm now in the process of negotiating with HMRC,

unfortunately I don't have a copy of the loan agreement with G-Loans which may be useful in agreeing terms, would anyone be willing to send me a copy of theirs

(perhaps with your personal details blacked out)?

Many thanks in advance.

Hi all,

has anyone had success with taking action against their SIPP provider for negligence in this matter?

My SIPP provider was Corporate and Professional.

I too am attempting (unsuccessfully so far) to agree terms with a totally unreasonable HMRC, which doesn't seem to take into account that we are all victims of G-Loans/KJK Investments and have suffered substantial losses.

Thanks for this - very helpful.

Having had no response when I emailed my SIPP provider,

I have now written to them and if they can't give me a satisfactory answer fairly quickly,

I will make a formal complaint.

I think I will also report to the Pensions Advisory Service and try Action Fraud.

Have you heard of someone called Angie Brooks from www.pension-life.com?

I found her email address when I was researching the KJK/G Loans situation online.

She seems to have been campaigning on behalf of some of the victims.

I seem to have reached the end of the line with HMRC

- I would describe their recent letters as threatening ..

.. even menacing.

No I haven't heard of her but I will look into it, was you part of the tribunal, that was taken on by Martin Westall Optimum Tax Solutions.

Did you look into this Extra-statutory concession A19” (ESC A19)

No I haven't heard of her but I will look into it, was you part of the tribunal, that was taken on by Martin Westall Optimum Tax Solutions.

No, I wasn't part of that. Were you?

Yes still waiting for the outcome,if we win you will not have to pay the tax,fingers crossed, I would tell them that you are waiting for the outcome of the tribunal before you start paying.

This is my agreement.

Yes still waiting for the outcome,if we win you will not have to pay the tax,fingers crossed, I would tell them that you are waiting for the outcome of the tribunal before you start paying.

Ok thanks as yet I haven't had any acknowledgment from the tax office.

Ok thanks as yet I haven't had any acknowledgment from the tax office.

It all wrong, big companies making millions get away with not paying, and us pesants have to pay.

Take a read

T+Cs.pdf

Just had a response from my SIPP provider to a letter I sent them last week.

Not a lot of help, unfortunately.

This is what they say:

"Matters are still unfolding with the administrators and we are expecting a further communication from them towards the end of March when a fairly large loan repayment is due to be paid to KJK Investments Ltd."

I also tried getting info from Aaron & Partners, but they just referred me back to my SIPP provider.

Meanwhile,

I've just had another very threatening letter from HMRC.

Is anyone else being hounded to this extent?

I haven't had a letter yet , I did before the tribunal started it's all been on hold for about 3 years , but I an expecting them to be hounding me in the near future.

because most of the investments were made offshore it will take for ever to unpick the muddle and that assumes the company investing was legit to start off with, many aren't.

HMRC knows all of this

but would most likey be happy making an example of everyone who was unwise enough to fall for the saleman's patter on the basis that you are all tax experts and were out to do them out of their expected monies by knowingly investing in a scheme that will probably lose you your shirt.

The dealy will give then the opportunity to do things quietly because if they went in hard now there would be a massive uproar about the unfairness of it all but delay things and have a go at people one at a time and the volume of the complaint is much attenuated

Ok thank you for that , problem is they will go for bankruptcy, because there is no way I can pay so they will go for the house

Anyone else had an email about this recently re possible compensation? I haven't done anything about it yet and am a bit wary.

email from whom?

No-one in officialdom will email you so on the face of it be VERY wary indeed.

the commonest rip-off of this nature is for a company to tell you that you are entitled to £xxxxx comensation and that they will handle the matter fro you as they are clever but you will have to apy upfront fees of some low thousands to get the ball rolling.

If you are mug enough to do this they then ask for more money for something else, then more money to clear another hurdle etc.

You name appears on a mugs list produced by the people who ripped you off to start off with and the second co offereing to help you out usually live in the same town or have a sister-in -law of the same name etc

The email came from a known source

- a guy called Paul Elliott from a company called IQ,

who was my original point of contact re the G Loans/KJK pension-backed loan.

He says there is a realistic chance of compensation,

I just don't know who to trust any more.

Anyone else been approached by Paul Elliott re G Loans/KJK?

Wouldnt touch it with a bargepole,

the commonest fraud around this is that the person who used to work for the crooked company takes all of the personal records of the victim with him and then uses it to rook them again as they are desperate to recover some of their losses.

The only realisitc chance that will be borne out is that he will make money out of your misery.

Dont trust anyone who cold calls you, especially people connected to the rip off in the first place.

You should also consider that as the company has been struck off by companies house he might not be in a position to help you.

That alone means that you will have no protection when this all goes wrong

In short, you shouldnt even considering this is stupidity.

I have a problem with HMRC. I am in the same position as they other vitims on this thread. Inland revenue are after 54k from me. I have an impending tribunal and need to supply any paperwork to support my case end of play Monday 13th November 2 days from now, if there is any paperwork, advice, or anything you can think of to help me I would be extremely grateful.

best to start a new thread

of your OWN please