Originally posted by LisaContractorUmbrella
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High Take Home Pay Schemes - a warning
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Originally posted by geoff from contracta IOM View PostAgreed on some points but I have mentioned before that we insure our clients against an investigation by HMRC and the policy covers their accountants AND legal fees. HMRC will without doubt legislate to close this structure but the reality is that we are not at that point, when we will be is anyones guess and as much as HMRC would love to ride roughshod over fundamental legal principles our entire leglislative system is in grave danger if the LJ's find in favour of them in the BN66case without isolating the ruling and that is where I believe the problem lies. How do you tear up such a cornerstone of our justice system by retrospectively applying legislation, I notice they didn't try that with the EBT is this an indication of how unsure they are of the ground they are on ? For all the guys affected by BN66 I sincerely hope so !
With regard to the BN66 case - couldn't agree moreComment
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Originally posted by LisaContractorUmbrella View PostWould the insurance policy cover any tax that becomes payable as a result of the investigation?Comment
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Originally posted by geoff from contracta IOM View PostNo but any policy that did would only encourage " creative declarations " by the policy holderComment
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Originally posted by LisaContractorUmbrella View PostWould the insurance policy cover any tax that becomes payable as a result of the investigation?
With regard to the BN66 case - couldn't agree more
It's interesting that some companies claim to be 100 per cent confident in their schemes but offering insurance in case of investigation would contradict this? I'm not referring to your scheme specifically.Comment
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Originally posted by Steven@Parasol View PostGeoff - is the insurance policy unique to yourselves?
It's interesting that some companies claim to be 100 per cent confident in their schemes but offering insurance in case of investigation would contradict this? I'm not referring to your scheme specifically.Comment
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Originally posted by LisaContractorUmbrella View PostGeoff you also stated that you know that HMR&C will legislate and close the scheme at some point - does that not give them more impetus to their arguments in favour of restrospectionComment
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Originally posted by geoff from contracta IOM View PostSteven I might be 100% confident my house won't burn down but ..............................Comment
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Originally posted by geoff from contracta IOM View PostLisa they might make the drink driving limit zero and I hope they do but if i'm stopped and breathalized tonight after half a pint can they come back if the legislation changes and prosecute me in two years time ?Comment
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