No To Retro Tax - Ongoing battle against S58 FA2008

[DonkeyRhubarb]

Good news

We are getting close to the point where we'll be able to fund the FTT cases.

There is no stopping us now.

[Fireship]

We are getting inundated with applications.

That's great news

[Fireship]

If I was a hector mole then I'm sure I could fabricate a closure notice or any other output from HMRC to "prove" I was affected.

Wouldn't that be fraud......

(Hector would be well advised to check CPS policy and guidence before going down this route.)

[brsltd]

Late to the party

excuse my ignorance having been in the BN66 wilderness (head in sand) for a few years....but I've only recently joined the NTRT club and am struggling to assess any upside/downside risk of the George route.

Can somebody explain whether I've got this right please ?:

We win - HMRC debt goes away, and Montpelier 'loan' needs to be repaid (e.g. 100k debt - 25 loan - 900 = 74.1k net win)
We lose - we're £900 down.

+ Potential risk (whether we win or lose) that HMRC claim we deliberately filed incorrect self-assessments (potential for 100% penalty + interest on top of current debt).

However, in our defense, we were fully disclosed via scheme number. Is there any risk of turning into a criminal charge, or anything likely to make working for a living difficult ?

Sorry if that's all water under the bridge, but am trying to catch up quickly.

[BrilloPad]

Can I apply to be a test case please?

[Kevthered]

TAA Payment


One more thing - is it possible to make the payment via credit card, or does it have to be bank transfer?

[WelshRarebit]

HMRC say I have to cash in my CTD to pay my APNs

Well I've just phoned the APN team at Bootle to ask how I use a CTD to pay my APNs, due at the end of next week

I was told that essentially I have to cash them in and would thus lose the interest protection they afforded. So if I don't pay my APNs I get penalties. If I use my CTD to pay my APNs I also get stuck with the interest, unless TAA comes through.

Has anyone actually paid an APN yet with a CTD, or has anyone been told anything different?

I've got to get this sorted asap as they are now imminently due

[nevergiveup]

excuse my ignorance having been in the BN66 wilderness (head in sand) for a few years....but I've only recently joined the NTRT club and am struggling to assess any upside/downside risk of the George route.

Can somebody explain whether I've got this right please ?:

We win - HMRC debt goes away, and Montpelier 'loan' needs to be repaid (e.g. 100k debt - 25 loan - 900 = 74.1k net win)
We lose - we're £900 down.

+ Potential risk (whether we win or lose) that HMRC claim we deliberately filed incorrect self-assessments (potential for 100% penalty + interest on top of current debt).

However, in our defense, we were fully disclosed via scheme number. Is there any risk of turning into a criminal charge, or anything likely to make working for a living difficult ?

Sorry if that's all water under the bridge, but am trying to catch up quickly.

£25K loan from £100K - I'm sure you have that wrong. The loan % wasn't 25%.

[mrkitchen]

excuse my ignorance having been in the BN66 wilderness (head in sand) for a few years....but I've only recently joined the NTRT club and am struggling to assess any upside/downside risk of the George route.

Can somebody explain whether I've got this right please ?:

We win - HMRC debt goes away, and Montpelier 'loan' needs to be repaid (e.g. 100k debt - 25 loan - 900 = 74.1k net win)
We lose - we're £900 down.

+ Potential risk (whether we win or lose) that HMRC claim we deliberately filed incorrect self-assessments (potential for 100% penalty + interest on top of current debt).

However, in our defense, we were fully disclosed via scheme number. Is there any risk of turning into a criminal charge, or anything likely to make working for a living difficult ?

Sorry if that's all water under the bridge, but am trying to catch up quickly.

Not sure about the vibe here, however would be interested in the 'paying back the loan' scenario

[bananarepublic]

Well I've just phoned the APN team at Bootle to ask how I use a CTD to pay my APNs, due at the end of next week

I was told that essentially I have to cash them in and would thus lose the interest protection they afforded. So if I don't pay my APNs I get penalties. If I use my CTD to pay my APNs I also get stuck with the interest, unless TAA comes through.

Has anyone actually paid an APN yet with a CTD, or has anyone been told anything different?

I've got to get this sorted asap as they are now imminently due

CTD's can be used to settle APN's. You do not need to cash them in first. You do have to decide which CTD's to redeem against which APN though. Sounds like you got through to somebody who doesn't have a clue what they are talking about. Admittedly I haven't had an APN yet ....