Originally posted by centurian
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IPSE and Tax Avoidance
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IPSE and Tax Avoidance
custom..victims. If they make a mistake, up to and including driving a profitable company into bankruptcy, it's not their problem. So even if you go to court and win, the chances are all you'll get back is your overpaid tax, not legal fees or anything else. That's why we need people like IPSE and Big Group to take these kinds of battles forwardBlog? What blog...? -
Originally posted by stonehenge View PostPersonally I'm highly sceptical that Big Group, or anyone else for that matter, can achieve a reduced settlement.
Think about it. What's in it for HMRC to settle for less than 100% now, when they'll be armed with the loan charge in 2 years time?
Unlike in the post above, I suggest anyone in this kind of situation forgets all about IPSE. They made it clear a long time ago they want nothing to do with tax avoidance scheme users.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Originally posted by Fred Bloggs View PostStick with BG, in my estimation you've got little to lose now. And there might be a good settlement drawing a line under the sorry saga for you.
Unlike in the post above, I suggest anyone in this kind of situation forgets all about IPSE. They made it clear a long time ago they want nothing to do with tax avoidance scheme users.
None of which justifies "avoid IPSE like the plague" rhetoric: they are one of our few chances of this kind of situation coming around in the future. Unless you know of a better one?Blog? What blog...?Comment
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Originally posted by malvolio View PostNo they made it very clear that a very small number of their members - less than 20 - were caught in these schemes so they stood aside and let the dedicated specialists take it forward. Personally I don't believe they would gain anything by supporting aggressive avoidance schemes themselves, although they are following BG's work, and while they would obviously support any members who asked for help, they are probably not the best people to provide it.
None of which justifies "avoid IPSE like the plague" rhetoric: they are one of our few chances of this kind of situation coming around in the future. Unless you know of a better one?
But to pretend otherwise just illustrates the kind of thinking that is going to make IPSE increasingly irrelevant as the tax net tightens to the point that contracting is no longer a way to legally minimise your tax.
By the way, please don't reply saying "it's not about the tax". We've heard it all before.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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This thread is not about IPSE, take Fred Bloggs and Malvolio take your argument elsewhere."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Originally posted by cojak View PostThis thread is not about IPSE, Fred Bloggs and Malvolio take your argument elsewhere.
Yet it is very important that the true position of IPSE is stated here. Some rose tinted view will not wash. If you are a tax avoider IPSE will do NOTHING to help you. They're on the record in their forum saying as much.
Thank you for the understanding.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Moved to outside of the thread, as I do understand - PCG/IPSE have been less than sympathetic in this matter."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Originally posted by cojak View PostMoved to outside of the thread, as I do understand - PCG/IPSE have been less than sympathetic in this matter.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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I can't see IPSE helping out on aggressive tax avoidance. They do a superb job at helping people out on IR35 battles etc.Comment
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IPSE/PCG do, and always have, advised members to steer clear of these schemes. IPSE do not believe they are likely to be seen by HMRC as a legitimate way of operating. Any member considering a non-standard arrangement and unsure of its legitimacy can contact the advice helpline.
N.B. The following is specifically excluded from the IPSE tax investigation cover
Tax planning arrangements where HMRC has allocated a Disclosure of Tax Avoidance Scheme (DOTAS) Number and any matter relating to bespoke tax planning outside of the normal trade such as film partnerships or film schemes, or planning involving artificially created losses or loan arrangements.
As IPSE's advice has always been to avoid these schemes, there are very few members affected.
If your only motive for joining is for defence in the event of a scheme investigation, then IPSE is not for you. But if you are now operating using a standard vehicle (LtdCo or sole trader) then the benefits IPSE offers are as applicable to you as the next contractor.Comment
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