No To Retro Tax - Ongoing battle against S58 FA2008

[TAF4]

I'm personally facing a bill of around £152,000 (including interest).

I'm in for a very similar sum and have no chance of finding the principal let alone the interest. My income now is from pensions so no chance of a deal with time to pay either. In a word we are pghuk'd when the APN hits.

All our hopes now rest on the 'George' solution and it is therefore essential that the NTRT effort isn't hampered by a lack of funding. The downside is too large and my SO is an uncomfortable but essential 'investment'.


Thanks DR and team for all the years of effort that you have put in to get us this far.

[DonkeyRhubarb]

Now here's the ultimate irony

Back in 2008 HMRC could have used the George argument against us. And they would have won.

They didn't need retrospective legislation at all.

Because 6 years have elapsed the George argument now works totally against them.

Nice hey!

[DonkeyRhubarb]

31 new members this week.

[nevergiveup]

Back in 2008 HMRC could have used the George argument against us. And they would have won.

They didn't need retrospective legislation at all.

Because 6 years have elapsed the George argument now works totally against them.

Nice hey!

But wouldn't Montp of won using their argument then?

[smalldog]

pestered my ex-colleague again and he has just joined apparently....

[nevergiveup]

31 new members this week.

That's potentially 31 members who didn't write to their MP's. Pity they left it so long, but glad their have finally had the balls to join the fight

[DonkeyRhubarb]

But wouldn't Montp of won using their argument then?

No because the George argument takes precedence over the DTA claim.

That's why the George argument works in our favour now. It has nothing to do with BN66/S58.

[nevergiveup]

No because the George argument takes precedence over the DTA claim.

[jeanvaljean]

Now here's the ultimate irony

Back in 2008 HMRC could have used the George argument against us. And they would have won.

They didn't need retrospective legislation at all.

Because 6 years have elapsed the George argument now works totally against them.

Nice hey!

Lucky HMRC don't have a time machine.

[helen7]

Back in 2008 HMRC could have used the George argument against us. And they would have won.

They didn't need retrospective legislation at all.

Because 6 years have elapsed the George argument now works totally against them.

Nice hey!

Will the details of the George aruguement be published on the NTRT website? Presumably its not secret since HMRC already have been presented with the arguement.

Also, what was the settlement that George got?