Originally posted by DotasScandal
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Closing opened years - is this possible?
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merely at clientco for the entertainment -
Originally posted by eek View PostHMRC's employees have targets to meet. How they meet those targets is of course irrelevant to people above them....Comment
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Originally posted by BrilloPad View PostAnd of course HMRC have more powers than the police.merely at clientco for the entertainmentComment
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Originally posted by webberg View PostTrue and for a long time this was not the case.
We are though starting to see it appear in HMRC calculations and refusing to pay it (more precisely asking HMRC why it can be charged) results in them picking up their ball and going home.
In my view this is unfair pressure on taxpayers.Comment
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Originally posted by starstruck View PostSo hang on, a week ago on this thread you said no interest on closed years, but now there is?! Is that in all cases (e.g. settlement now) or just in the 2019 loan charge. What has changed in the last week?merely at clientco for the entertainmentComment
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Originally posted by starstruck View PostSo hang on, a week ago on this thread you said no interest on closed years, but now there is?! Is that in all cases (e.g. settlement now) or just in the 2019 loan charge. What has changed in the last week?
We are obviously resisting.
I remain of the view that HMRC has no legal authority to request interest on sums that are not tax.
However, their "settlement" is extra statutory and they can offer pretty much anything they want and refuse to amend it. If you don't like it, there is no compulsion to accept it.
There is however a subtle pressure and a not so subtle string of threats from HMRC about litigation, fines, worse terms later, etc.
This enquiry process has been running for a long time (17 years) and certainly in the last 3 years it feels as though something has happened pretty much every month that changes the way in which all the parties involved might react. This is not a situation in which an answer today might be 100% valid in say 3 months. It is a morass of constantly changing analysis and actions and I for one make no apology for reporting each change.
I appreciate that it sounds as though we are shifting ground all the time but we're not. If the facts change, then we change our process, not the strategy, the process.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by webberg View PostI report what I see in my clients' papers and I have now seen two instances in which HMRC is insisting on "interest" on voluntary payments.
We are obviously resisting.
I remain of the view that HMRC has no legal authority to request interest on sums that are not tax.
However, their "settlement" is extra statutory and they can offer pretty much anything they want and refuse to amend it. If you don't like it, there is no compulsion to accept it.
There is however a subtle pressure and a not so subtle string of threats from HMRC about litigation, fines, worse terms later, etc.
This enquiry process has been running for a long time (17 years) and certainly in the last 3 years it feels as though something has happened pretty much every month that changes the way in which all the parties involved might react. This is not a situation in which an answer today might be 100% valid in say 3 months. It is a morass of constantly changing analysis and actions and I for one make no apology for reporting each change.
I appreciate that it sounds as though we are shifting ground all the time but we're not. If the facts change, then we change our process, not the strategy, the process.Comment
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Originally posted by starstruck View PostAdding interest to closed years that are 15+ years old would suddenly make the loan charge far more attractive than an earlier than 2019 settlement. Are you still of the opinion that the loan charge won't have interest?Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by webberg View PostThe HMRC webinar last week indicated that liability under the 2019 charge would be on self assessment timetables and as such a payment of any assessment no later than 31st January 2020, should not attract any interest.
I'm asking just to make things clear for people....merely at clientco for the entertainmentComment
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Originally posted by webberg View PostI report what I see in my clients' papers and I have now seen two instances in which HMRC is insisting on "interest" on voluntary payments.Comment
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