Originally posted by Emigre
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Personally I have no interest other than curiosity. I do think that scheme users were possibly somewhat optimistic. It's certainly not something I would have ever gone for and it is an extreme avoidance measure in my view. This doesn't mean I think anybody chancing their arm - so to speak - was in any way wrong. Perfectly entitled to do so, provided they can suffer the consequence if it all goes pear shaped - which may or may not now be happening.
I do think the government is fundamentally wrong in its actions. Backdating to 2004 (?) - the point at which the announcement was made that all failed avoidance schemes would be backdated to - would arguably be reasonable. Trying clarification in terms of "well what we actually meant was" is not right. It also subverts parliament (which sadly is no surprise in recent years).
It has long been held that the "will of parliament" is only relevant when legislation is unclear. The legislation in question does seem fairly clear. What they are now saying is "what we meant was", "we didn't expect any body to" etc.
If that was the intent then that is what they should have legislated for. But they didn't.
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