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Thread: Edge EBT thread

  1. #851

    Should post faster


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    Default

    http://m.stv.tv/news/scotland/265261...appeal-begins/

    Sent from my GT-I9300 using Tapatalk

  2. #852

    varunksingh

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    Quote Originally Posted by EBTContractor View Post
    Headline of the Article is wrong. UTT will make a decision if FTT did "error in law" or not. Looking through Lens of Law, FTT did not!

  3. #853

    Godlike


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  4. #854

    Banned


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    Default Free initial advice and help line

    Those that have any open enquiry with HMRC or tax assessments under appeal should seek professional advice now.

    If the current proposals for changes in tax legislation become law later this year, you will have limited time to respond and should use the interim period to prepare.

    We are acting on behalf of many contractors already and can provide initial advice in confidence without charge or obligation.

  5. #855

    Still gathering requirements...


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    Default Group representation

    If you have any desire to pursue group representation please see Norla/Edge Former Employee EBT Self Help Group

    Request PM (private message) access if you don't already have it. You can post a request or contact the admins via this page: http://forums.contractoruk.com/sendmessage.php

    PM TheDandy here: http://forums.contractoruk.com/priva...=newpm&u=39502
    PM Saleos here: http://forums.contractoruk.com/priva...=newpm&u=41765

    then make a decision if you have interest in one or both of the groups and if you are willing to foot the likely costs and advise the organiser(s) accordingly

    Simply posting a desire to join a group will not achieve anything.


    Sorry for the repetition but I want to ensure latecomers are informed

    GS

  6. #856

    Banned


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    Default ACT NOW!

    Action is required now in relation to the proposed new HMRC legal powers which could come into effect within the next few months. Doing nothing or joining a 'group' is not the whole answer.

    This is what the Government said in the recent response document on "Raising the Stakes on Tax Avoidance":

    Following the consultation we will be taking forward almost all of the proposals
    in the consultation which have been improved by suggestions in the responses.

    We are publishing draft legislation for further comments, with a view to
    implementation this year.

    Our work against tax avoidance is continuing. For many tax avoiders, one of
    the key attractions of a scheme is not necessarily the actual tax saving, but the
    opportunity to retain the tax saving during the course of the investigation and
    any subsequent legal challenge. In order to bear down on this advantage and
    to demonstrate our continued commitment to fight tax avoidance we are
    consulting on how users of avoidance schemes can be made to pay the tax in
    dispute up front
    .

    You have been warned, again.

  7. #857

    Some things in Moderation

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    And I think that you have warned enough thank you Michael.

  8. #858

    Still gathering requirements...


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    Default

    Quote Originally Posted by Michael J Perry FCA View Post
    Action is required now in relation to the proposed new HMRC legal powers which could come into effect within the next few months. Doing nothing or joining a 'group' is not the whole answer.

    This is what the Government said in the recent response document on "Raising the Stakes on Tax Avoidance":

    Following the consultation we will be taking forward almost all of the proposals
    in the consultation which have been improved by suggestions in the responses.

    We are publishing draft legislation for further comments, with a view to
    implementation this year.

    Our work against tax avoidance is continuing. For many tax avoiders, one of
    the key attractions of a scheme is not necessarily the actual tax saving, but the
    opportunity to retain the tax saving during the course of the investigation and
    any subsequent legal challenge. In order to bear down on this advantage and
    to demonstrate our continued commitment to fight tax avoidance we are
    consulting on how users of avoidance schemes can be made to pay the tax in
    dispute up front
    .

    You have been warned, again.
    Michael - what action do you propose we take? Lobby our local politician? Other? Please provide specifics as we are all aware of the issues.

  9. #859

    Still gathering requirements...


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    Default

    Quote Originally Posted by Michael J Perry FCA View Post
    Action is required now in relation to the proposed new HMRC legal powers which could come into effect within the next few months. Doing nothing or joining a 'group' is not the whole answer.

    This is what the Government said in the recent response document on "Raising the Stakes on Tax Avoidance":

    Following the consultation we will be taking forward almost all of the proposals
    in the consultation which have been improved by suggestions in the responses.

    We are publishing draft legislation for further comments, with a view to
    implementation this year.

    Our work against tax avoidance is continuing. For many tax avoiders, one of
    the key attractions of a scheme is not necessarily the actual tax saving, but the
    opportunity to retain the tax saving during the course of the investigation and
    any subsequent legal challenge. In order to bear down on this advantage and
    to demonstrate our continued commitment to fight tax avoidance we are
    consulting on how users of avoidance schemes can be made to pay the tax in
    dispute up front
    .

    You have been warned, again.
    Blimey. If this guy fights HMRC as hard as he tries to drum up business....

  10. #860

    Banned


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    Default ACTION

    As previously posted, certainly contact your local Member of Parliament and make them aware of the issues concerning the retrospective nature of these proposed new legal powers for HMRC.

    Ensure that all relevant documentation is still available and think about financial arrangements should the worst happen.

    I do not agree that the majority of contractors truly appreciate the implications but no more warnings from me!

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