No To Retro Tax - Ongoing battle against S58 FA2008

[Laxmi]

This is disgraceful, even by HMRC standards.

So they wrongly issue you APNs in the first place.

And now they effectively strip away years of interest protection - all because of their own mistake.

Which means that if they eventually win - they will charge you interest for years - all when the money was sitting in their own bank account without interruption.

They could easily reinstate the original CTDs - they just won't

Exactly, they can do it but the thieves and liars don't want to.

[Laxmi]

Holding a CTD has the same effect, of protecting against interest, as making a payment on account but has the advantage that you can access the money, at any time, if you need it.

Yep, I explained that to HMRC as they say it's the same thing CTD=On Account. It about control, CTD it's still mine, on Account HMRC
control it.

[DotasScandal]

It took some hassling but I finally got a repayment for the incorrectly issued APN. I note that it didn't include any interest.

It's distinctly unlikely HMRC are going to make an allowance for my interest-owed based on how long they've had my APN money, should I be going back to them to ask for interest? If so at what rate? I had to arrange a draw-down from the mortgage to pay the APN so that would seem the "fair" rate to request. Has anyone else been through this?

You're asking if you should? If I was you I'd be going for it like there is no tomorrow.

[SantaClaus]

Newsletter

Easter Friday 25th March 2016

We have just sent a newsletter to all members.

Best regards

Santa

[ns1]

Montpelier rumoured to be skint

Be careful with your dosh.

(If you've had letters in the past couple of weeks you'll know what I'm on about.)

[Fred Bloggs]

Be careful with your dosh.

(If you've had letters in the past couple of weeks you'll know what I'm on about.)

Where did all the money go?

[ns1]

Where did all the money go?

They stopped selling any schemes a few years ago which was their bread and butter.

I expect the money went on the usual overheads, rent, wages plus a mountain of legal fees. To their credit unlike some companies they have put their money where their mouth is fighting HMRC. Someone said the JR alone cost best part of a million quid. All to no avail though.

[Fred Bloggs]

They stopped selling any schemes a few years ago which was their bread and butter.

I expect the money went on the usual overheads, rent, wages plus a mountain of legal fees. To their credit unlike some companies they have put their money where their mouth is fighting HMRC. Someone said the JR alone cost best part of a million quid. All to no avail though.

I admit, I admire how MontP stood their ground, but surely a couple million would be spare change to them? I also imagined they'd have insurance to claim on too?

[ns1]

I admit, I admire how MontP stood their ground, but surely a couple million would be spare change to them? I also imagined they'd have insurance to claim on too?

Well, it seems the coffers are dry. Maybe like me they didn't put enough on one side when the money was rolling in.

[stonehenge]

Received 2 letters from MP. One a bill for £700 for dealing with APNs, which I never agreed to. And another requesting over 40 grand in loan repayments.

They can go swivel.