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Murray Group (Rangers) tax case - decision today?
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What if I have paid the APN? Will HMRC give me my money back?
The Rangers big tax verdict says that the loans should be classed as earnings (not other income), and the PAYE is due from the employer (not me, the employee).
Does this mean HMRC will pay me back all the money I paid them for the APN?
(sorry this is my first post - didn't realise the done thing is to reply - not post a new heading - ooops)Comment
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Originally posted by Edinburgh IT PM View PostThe Rangers big tax verdict says that the loans should be classed as earnings (not other income), and the PAYE is due from the employer (not me, the employee).
Does this mean HMRC will pay me back all the money I paid them for the APN?
(sorry this is my first post - didn't realise the done thing is to reply - not post a new heading - ooops)
Judgment
"In view of our conclusion that the payment to the Principal Trust constituted emoluments or earnings, we do not find it necessary to reach a decision on the foregoing arguments."Comment
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Originally posted by Dylan View PostAnd yet the court thought otherwise. Lots of debate and analysis to come...Comment
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Originally posted by DonkeyRhubarb View PostI thought I remembered you. DFTTComment
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Originally posted by LandRover View PostSorry but does not read that way to me. As yes it mentions PAYE and the Principal Trust near end...
Judgment
"In view of our conclusion that the payment to the Principal Trust constituted emoluments or earnings, we do not find it necessary to reach a decision on the foregoing arguments."
1. Payment to the trust constituted earnings.
2. The employer should is responsible for PAYE. Uh? I said. 'Well' said my accountant 'if payment into the trust is earnings and that was paid by the employer/scheme then they should have paid the PAYE".
However, I do have a letter from HMRC, somewhere, saying that Rangers isn't relevant. Whatever - they have the APN money - we're not going to get it back.
I rekon Webberg will have a more joined up view......Comment
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Originally posted by Edinburgh IT PM View PostThe Rangers big tax verdict says that the loans should be classed as earnings (not other income), and the PAYE is due from the employer (not me, the employee).
Does this mean HMRC will pay me back all the money I paid them for the APN?
(sorry this is my first post - didn't realise the done thing is to reply - not post a new heading - ooops)
If not, then this has nothing to do with your APN.Comment
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Originally posted by jbryce View PostHowever, I do have a letter from HMRC, somewhere, saying that Rangers isn't relevant. Whatever - they have the APN money - we're not going to get it back.
Either way, I think it's more than just a binary matter. Parts will be relevant, parts will not.
Look, there's no sugar coating it. An EBT defeat is bad for all EBT schemes, so yesterday was a bad day overall for anyone in an EBT scheme. It will give HMRC some hooks to latch onto, plus also allow them to justify the continued pursuit of EBTs.
But how translatable that is to the specifics of contractor EBT schemes remains to be seen.Comment
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Originally posted by AtW View PostI am sorry I did not know you had the right to decide who posts in this thread.Comment
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