No To Retro Tax - Ongoing battle against S58 FA2008

[helen7]

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

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

Hmm, I think I have a pretty good idea what the arugement might be.

So, as I understand it -

George paid 50%.

Option 1
Georges argument has a 75% chance of success (subjective) at FTT. Win = we pay nothing.
- Can HMRC 'deny' us the chance of going to FTT; or is the guarenteed?

Option 2
We avoid FTT and agree settlement with HMRC.
- What is our 'entitlement' to the 50% George deal? Are they legally obliged to offer us the same deal? If not; would options are available to challenge this?

[lucozade]

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

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

That's 50% more than I have.

[DonkeyRhubarb]

Hmm, I think I have a pretty good idea what the arugement might be.

So, as I understand it -

George paid 50%.

Option 1
Georges argument has a 75% chance of success (subjective) at FTT. Win = we pay nothing.
- Can HMRC 'deny' us the chance of going to FTT; or is the guarenteed?

Option 2
We avoid FTT and agree settlement with HMRC.
- What is our 'entitlement' to the 50% George deal? Are they legally obliged to offer us the same deal? If not; would options are available to challenge this?

Going to the FTT is your legal right. There wouldn't be much point in having an independent tribunal system if HMRC could stop people using it. (Although, arguably, APNs are an attempt to hamper people's ability to pursue their case.)

There is no entitlement to the same terms as George. As I recall, in the survey we did at Xmas, 25% got the most votes but there was a spread of 0%, 50%, 75%.

HMRC will be extremely reluctant to do any form of settlement. We may have no choice but to push the big red button.

[Morlock]

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

I can login OK but can't seem to edit my profile; I just stay on the "members-area" page. I am clicking the dropdown against my username and choosing "Edit My Profile" but nothing seems to happen.
I have tried it with Firefox, Chrome, and (yuk) IE9.
Any thoughts?

[TAF4]

I can login OK but can't seem to edit my profile; I just stay on the "members-area" page. I am clicking the dropdown against my username and choosing "Edit My Profile" but nothing seems to happen.
I have tried it with Firefox, Chrome, and (yuk) IE9.
Any thoughts?

Users the 'Member's Area' drop down not the Username one.

[DonkeyRhubarb]

I can login OK but can't seem to edit my profile; I just stay on the "members-area" page. I am clicking the dropdown against my username and choosing "Edit My Profile" but nothing seems to happen.
I have tried it with Firefox, Chrome, and (yuk) IE9.
Any thoughts?

Have you tried it from the Members Area drop-down?

Alternatively, try clicking on this:

Members Profile

[DonkeyRhubarb]

That's 50% more than I have.

I'm slowly coming to the view that 0% (nothing to pay) is the right outcome.

[Morlock]

Users the 'Member's Area' drop down not the Username one.

Ah that works! Great, thanks!

[GripRacing]

Interesting...

I'm slowly coming to the view that 0% (nothing to pay) is the right outcome.

Interesting DR, are you able to expand on your thoughts, or are they best kept private (which is fine!)

Grip

[DonkeyRhubarb]

Interesting DR, are you able to expand on your thoughts, or are they best kept private (which is fine!)

Grip

The only reason George agreed to settle was because he was on his own and would have had to fund the FTT by himself.

We're not in that position.

As a number of people have said to me "why would we settle, and pay any of this obscene retrospective tax, when the odds are heavily in our favour?"