Originally posted by Dylan
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Rangers Tax Case Supreme Court 15 & 16 March
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"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."
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Originally posted by webberg View PostWhat he said.
If HMRC lose, then pre 2011 they say ToAA gets you and post 2011, they say Part 7A gets you.
What's more interesting is if they win, the employer is primarily liable for tax deductions.
Why then are they not chasing more employers?
(We have seen a very few Reg 80 - PAYE assessments - issued very recently. Whilst one swallow does not make a summer perhaps the penny is dropping?)Last edited by SimonJones; 1 April 2017, 22:34.Comment
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A loan can be a payment for tax purposes.
That same loan can be an IHT asset/liability for tax purposes.
That same loan can have legal obligations and rights that the parties must adhere to.
A decision in Murray that the loans are income or that the loans are loans will not bring any clarity to this position.
Certainly I think HMRC has at best a position that is inconsistent and illogical here and I think some advisers are no better. My own opinion has gaps that I find troubling and which I'm hoping Murray will help to fill in.
It looks as though the decision will not be out before the end of the tax year (strategic?) but hopefully will not be too long.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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