BN66 - Time to fight back!!!

[DonkeyRhubarb]

TBH, its best to work on the worst case scenario. MP have lost the plot big time and they know the game is up. They just dont want to admit it to us.

I sent another email to MP on 18 July. And guess what? Not a peep out of them. No acknowledgement, nothing to say sorry we're very busy etc, etc.

When I get the assessment from HMRC, I'll pay up because it'll stop the concern about which way this is going to go and should stop the bill going higher (thanks again MP for advising me NOT to pay on account because 'their position is (was) so strong'!

MP were also wrong about not opening SA's after 12 months. The IR, now HMRC always had powers to go back 6 - 7 years.

If you want to stop further interest, get a CTD as I've just done. Don't give them the money until you absolutely have to.

It's time to be an even bolshier bastard!

[BolshieBastard]

Obviously Im missing the terminology! I meant a CTD but assumed from the postings recently that HMRC was now demanding full payment on account. I was under the impression 'payment on account' was different to a CTD?

As for HMRC staff reading the thread, so what? They dont know who we are behind our forum names.

With respect, tax counsel doesnt really count for much. Its the court decision now that matters, not what MP's counsel or even HMRC's counsel says.

This thread is over 100 pages about assumptions based on what amongst others, MP have said. Does it matter, not in my opinion.

At the end of the day we will have to make some sort of payment now. Simple as.

[SantaClaus]

Well if Mr Brannigan is reading this, when i get my demand, I'm going down the bookies with all my money.

I'd rather gamble it away than pay for New Liebour's mistakes

[StellaFan]

EDIT: I havent received any notification from HMRC as of today either. Haveother people been receiving 'pay up or else' letters from them?

I got mine today

[silver_lining]

..

I was also in the scheme for about 1.5 yrs and I think prepare for the worst....spoke to MTM should hear something back in next couple of days.

Does any one know how IR can attack properties which still have a mortgage on them?

SL

[helen7]

assuming now it is law, if we don't pay up we will start incurring penalties.

And since the minimum is usually 40% I think there is no other option.

If we purchase a CTD does this stop penalties?

Hmm, in fact since we now have to submit revised tax returns, can we claim releif under MontP's new wonderful tax scheme? ha ha. I was all a loan, honest guv!

[akan]

Finally caught up with the 100+ pages. I am in the same boat as most on here - left the scheme about 3 years back but have been with them since the early days when they have the 4% loan callback.

Hmm, in fact since we now have to submit revised tax returns

Isn't the request for revised tax returns only for 07/08. My understanding is that as I left the scheme about 3 years back, I have to just wait for the figure that HRMC calculates from the accounts given by MontP. Obviously told montp but have not had a reply like most people.

So are most people just sitting tight waiting for the HRMC calcs and paying up and then further waiting for MontP to fight back?

[smalldog]

I was also in the scheme for about 1.5 yrs and I think prepare for the worst....spoke to MTM should hear something back in next couple of days.

Does any one know how IR can attack properties which still have a mortgage on them?

SL

they would take a voluntary legal charge on any property from my understanding. Which is basically a second charge on a properties equity. So if and when you come to sell it the slice you owe goes straight to HMRC. This of course does rely on you having equity in the first place

[ASB]

they would take a voluntary legal charge on any property from my understanding. Which is basically a second charge on a properties equity. So if and when you come to sell it the slice you owe goes straight to HMRC. This of course does rely on you having equity in the first place

They can also apply for possession. Generally the view is that the IR can't throw you out of your house if it meets your housing needs but is not excessive.

Thus if you live in a 5 bed house with no kids they may push for possession because it is more than you need. Even if it was fully mortgaged and thus didn't release any equity to pay them they might take the view that the new mortgage on the 2 bed in the local sink estate was somewhat lower and this help free up some monthly income to go towards the settlement.

[BrilloPad]

from montp :-

In respect to the recent HMRC letter, it remains our opinion that the retrospective introduction of tax legislation is contrary to the Human Rights Act and we will now actively pursue a challenge to this specific legislation via a request for a Judicial Review. We are currently consulting with Tax Counsel on this point and will revert to you as soon as possible.

In the meantime we advocate no individual response to this letter but for contractors to wait for the closure notices to be issued. Please let us have copies of the closure notices as a matter of urgency as we only have 30 days to appeal and apply for the postponement of the tax.

We will resist any attempt by HMRC to refuse the application to postpone tax.

If you have not already done so, please let us have a copy of the HMRC letter.