Originally posted by WelshRarebit
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
No To Retro Tax - Ongoing battle against S58 FA2008
Collapse
X
Collapse
-
-
Originally posted by bananarepublic View PostCTD's can be used to settle APN's. You do not need to cash them in first. Do 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 ....
I think what she has been told, whilst not perfect, is perhaps the you're going to get.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
-
Closure Notices
After a mild panic that I couldn't find things, I have located the docs. Completely missed them on the first few checks. Some info in case you have same...
I received the first 3 yrs in a batch dated March 2010 and the final 07/08 wallop arrived in May 2012.
The 04/05 is titled "Notice of Assessment for Year 2004-05..." and says "The enclosed calculation forms part of this notice...". It does not mention the word 'closure' or relevent sections of the tax act but does mention the adjusted amounts and the right to appeal in 30 days. So this must be the 04/05 closure notice. Some HM mathematics stapled on the back.
The 05/06, 06/07, 07/08 are all titled "Information about our check of your SE Tax Return - year ended ..." and mention that it's a "closure notice issued under Section 28A(1)..." together with the adjusted amounts. So correct docs - fairly clear.
Again some running totals stapled to the back plus a Bank Giro payslip - how convenient. "Next time you're at the shops, please pay a small fortune at your nearest post office."Comment
-
Originally posted by webberg View PostYou need to sift the posts here and elsewhere for those by "elpinar" recently who has been having a very interesting debate with HMRC on this matter.
I think what she has been told, whilst not perfect, is perhaps the you're going to get.Comment
-
Originally posted by bananarepublic View Post...Sounds like you got through to somebody who doesn't have a clue what they are talking about...Comment
-
Originally posted by javadude View PostA frequent problem I've found. HMRC are like an Norman Wisdom wielding a chainsaw.Comment
-
TAA sign up
Getting the paperwork and details together to join the TAA fight: 3 questions (i did look but couldn't find an answer)
1: Whats our best guess on likelihood of reprisals for those who go down this route from HMRC after we win?
2: If reprisals materialise, will that constitue harrassment and we will maintain our collective resolve to out this?
3: Once in the TAA process can we pull out?Comment
-
Originally posted by WelshRarebit View PostWell 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
If you want to use your CTD against an APN you send it back to the CTD office telling them to cash it in and pay the APN number that comes with the letter. Keep a copy of the CTD to use as a history of when you first bought it to offset interest in case we lose. No doco was in the APN to say how to use a CTD as payment, so I called them and said how do I use a CTD as payment. They said no one usually has CTDs, so that is why it was not in the letter. I told them they sent a letter years ago advising people to settle or buy APNs. They said oh right.... Makes you wonder. Also I was told all our details are just held on spreadsheets between server all offices and one office does not know what the other office has done etc. That made me laugh as I had called the wrong office and was told you are been dealt with by the lot up North....Comment
-
Originally posted by TheFlyer View PostI posted this a couple of weeks ago after talking to the lot in Glasgow. Plus they sent me a confirmation letter saying where I was to send my CTD's to. As long as you keep copies you can use that to offset any interest in the event of having to pay-up. Sounds like you spoke to someone with no knowledge. You should call them again and ask for that in writing to prove how wrong they get it. Anyway....my post below.
If you want to use your CTD against an APN you send it back to the CTD office telling them to cash it in and pay the APN number that comes with the letter. Keep a copy of the CTD to use as a history of when you first bought it to offset interest in case we lose. No doco was in the APN to say how to use a CTD as payment, so I called them and said how do I use a CTD as payment. They said no one usually has CTDs, so that is why it was not in the letter. I told them they sent a letter years ago advising people to settle or buy APNs. They said oh right.... Makes you wonder. Also I was told all our details are just held on spreadsheets between server all offices and one office does not know what the other office has done etc. That made me laugh as I had called the wrong office and was told you are been dealt with by the lot up North....
https://www.gov.uk/government/upload...-f-notices.pdf
CTD's are mentioned as follows:
"If a taxpayer has purchased a Certificate of Tax Deposit,
they can redeem it against the accelerated payment in the
normal way. Taxpayers in that position should contact
HMRC as soon as possible to ensure that the amounts are
allocated in the correct way."
Its not exactly crystal clear, but when they say "redeem it .... in the normal way" they are referring to encashing it for tax. At least that is the case if I take the correspondence from HMRC I had last year at face value.Comment
-
All aboard!
Signed up for the TAA-FTT and 900 smackers sent off as requested - a big thanks to the NTRT team for getting us to this stage. I wonder if HMRC realise what is about to hit them? Let the fun begin!!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Reports of umbrella companies’ death are greatly exaggerated Yesterday 10:11
- A new hiring fraud hinges on a limited company, a passport and ‘Ade’ Nov 27 09:21
- Is an unpaid umbrella company required to pay contractors? Nov 26 09:28
- The truth of umbrella company regulation is being misconstrued Nov 25 09:23
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
Comment