Tag Archives: Samarakand

LLPs that may benefit from LTAG

The LTAG team is small and we have by no means reviewed all the LLPs that may benefit from the LTAG claim.

Nonetheless, we have identified a number of LLPs from various promoters where we believe the fact patterns may match the LTAG claim.

In no particular order these include but are not restricted to:

Timeless Releasing LLP, Imagine 1,2 & 3 LLPs, Oasis 1,2 & 3 LLPs, Fortitude LLP, Prestige LLP, Resolve LLP, Discovery LLP, Insight LLP, Terra Nova LLP, Foundation LLP, Ingenious Film Partners 1,2 & 3 LLPs, Inside Track Productions LLP, Inside Track 1,2 & 3 LLPs, Ingenious Games 1-8 LLPs, Little Wing LLPs, Scotts Atlantic LLPs, Tower 3,4 & 5 LLPs, MCashback LLP, Proteus & Samarakand LLPs, Invicta Gala LLPs, Matrix LLPs.

If you are a partner in one of these LLPs it would be to your advantage to contact LTAG to determine if this claim may apply to your own situation.   Please complete the enquiry form at our page JOIN LTAG



Impact of HMRC settlements on individual taxpayers

At LTAG we have been asked a number of times what should tax-payers do where a settlement with HMRC is about to be finalised.  This is especially the case since many sale and leaseback LLP’s are awaiting the judgement on Samarkand and Proteus.  Alternatively, in some instances LLP’s are in a process of Alternative Dispute Resolution and again tax payers are left to wonder what they as individuals should do.

The position from LTAG is straightforward.  Settlements at an LLP level position the degree of relief that may be allowed or not by HMRC.  However, under certain circumstances HMRC may not be able to reclaim repayments made to tax-payers in the past irrespective of what is settled with the LLP.

Please contact LTAG to see if your circumstances will allow you to join the action group that will claim HMRC is out of time.