No To Retro Tax - Ongoing battle against S58 FA2008

[DonkeyRhubarb]

https://www.whatdotheyknow.com/reque...ncoming-546772

"HMRC has settled the tax due for 457 scheme users. Fewer than 5 such cases were closed by HMRC (for nil) due to an administrative error. The remainder of the 457 cases were settled on HMRC's view that the scheme failed in its purpose. For the avoidance of doubt, HMRC does not accept that the scheme worked in the cases closed in error."

Apart from the fewer than 5 closed in error, they will never reveal how many of the other 452 received a discount.

[helen7]

https://www.whatdotheyknow.com/reque...ncoming-546772

[I]Apart from the fewer than 5 closed in error, they will never reveal how many of the other 452 received a discount.

Would Montpellier know this information? Presumably they would have had to contact them to close there account.

My assumption would be that the majority of these would have been small liabilities (<50k) who didn't have the stomach for the fight.

[javadude]

My assumption would be that the majority of these would have been small liabilities (<50k) who didn't have the stomach for the fight.

My alleged liability is small but I'm still not paying without a fight. What the government and HRMC have done and how they have done it is immoral. Someone needs to hold them to account. The courts and the ombudsman haven't so its down to us voters and tax payers to do it.

[Cosmo]

Would Montpellier know this information? Presumably they would have had to contact them to close there account.

My assumption would be that the majority of these would have been small liabilities (<50k) who didn't have the stomach for the fight.

Montpelier.

Unlikely - given how much HMRC appear to dislike Montpelier, I'd imagine any "deal" will have been done with HMRC insisting it remain entirely confidential.

Do you actually think Montpelier would be quiet about something like that anyway? Clearly it would be in their best interests to help people do deals if deals were available.

[Retro]

https://www.whatdotheyknow.com/reque...ncoming-546772

"HMRC has settled the tax due for 457 scheme users. Fewer than 5 such cases were closed by HMRC (for nil) due to an administrative error. The remainder of the 457 cases were settled on HMRC's view that the scheme failed in its purpose. For the avoidance of doubt, HMRC does not accept that the scheme worked in the cases closed in error."

Apart from the fewer than 5 closed in error, they will never reveal how many of the other 452 received a discount.

I'd be surprised if many have received a discount. I've been trying to negotiate politely and independently a few times over the last few years (last time about 2 months ago) but HMRC have given no encouragement.

I don't know for sure but I feel that I would have had a better chance if Montpelier were on better terms with HMRC.

[portseven]

My fantasy that because of recent developments a last minute clause was placed in the budget to amend the 2008 s58 retrospective element...

[warlord]

My fantasy that because of recent developments a last minute clause was placed in the budget to amend the 2008 s58 retrospective element...

Dream on....

[DonkeyRhubarb]

I'd be surprised if many have received a discount. I've been trying to negotiate politely and independently a few times over the last few years (last time about 2 months ago) but HMRC have given no encouragement.

Which is why the George deal is so significant.

HMRC would not have caved in if he hadn't had them over a barrel.

And we're not just talking a few % knocked off either. He got a substantial discount.

[BolshieBastard]

I don't know for sure but I feel that I would have had a better chance if Montpelier were on better terms with HMRC.

You mean kowtow to the HMRC bully? How does that work then?

[DonkeyRhubarb]

We know HMRC took George seriously because they issued some formal notices to try and protect their position. I can't reveal what those notices were but they were significant.

I can only presume HMRC were counting on George keeping quiet. I suspect they had little choice but to settle because they couldn't afford the risk of him going to the FTT.

In other words, settling was probably their least worst option.