No To Retro Tax - Ongoing battle against S58 FA2008

[OnYourBikeGB]

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.

I'm starting to feel a bit excited about this.

[javadude]

Lucky HMRC don't have a time machine.

Shhh don't give them ideas. They could do another retrospective tax law change to change the last retrospective tax law change again to make it work like they now want having thought about it some more but having effect forever backwards in time. At least the mad professor in "back to the future" was likeable...

[TAF4]

I'm starting to feel a bit excited about this.

Steady!
I remember feeling quite optimistic after the first day in court for the JR. Overnight everything went south in a big way.

[DonkeyRhubarb]

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?

It was around 50% of his total liability (tax+interest).

The George argument will be revealed in the next newsletter - first week of April.

[swede]

Roll on April

It was around 50%.

The George argument will be revealed in the next newsletter - first week of April.

#jesuisgeorge

[DonkeyRhubarb]

Steady!
I remember feeling quite optimistic after the first day in court for the JR. Overnight everything went south in a big way.

Indeed.

HMRC will fight tooth and claw against us. Be under no illusions this will get bloody.

[BolshieBastard]

No, I mean maintain a good working relationship with HMRC, to the ultimate benefit of themselves and all their clients.
OK that ship has sailed, but they need to start building a relationship again if they plan to remain in business.

That's just not going to happen though is it?

HMRC 'You owe us this money.'
You \ me \ us 'No I dont. I used a legal tax planning scheme and legally avoided paying the tax you deemed due.'
HMRC 'No, we made your scheme illegal. Now pay up with interest and penalties. And if you dont, we'll send in the baliffs.'
You \ me \ us 'I disagree.'
HMRC 'Pay up xyz by abc or else.'
You \ me \ us 'Cant we do this amicably?'
HMRC 'Hello, Bloggs Baliffs, we've a job for you.....'

[nevergiveup]

It was around 50% of his total liability (tax+interest).

The George argument will be revealed in the next newsletter - first week of April.

Surprised he didn't hold out. That's still a lot of dosh for me!

[freeranger]

It was around 50% of his total liability (tax+interest).

The George argument will be revealed in the next newsletter - first week of April.

Hopefully not dated 1st April

[DonkeyRhubarb]

Request from Chairman of NTRT

Can everyone make sure their profile is up to date.

Especially Email Address and Scheme Promoter

Members Profile

Thanks
DR