BN66 - Time to fight back!!!

[DonkeyRhubarb]

With respect, how the f do you know the ins and outs of all Montpelier's schemes - and what is and isn't 'clearly defensible'? You clearly 'haven't twigged' the fact that most of tax avoidance is against the 'intent' of the law. Presumably only the one you are involved in isn't (assuming you work through a Ltd company you pay yourself dividends -as Helen7 says a 'legitimate' way of avoidance. Oh, that's if you are a true business of course).

The DTT scheme is clearly tricky and complex, or else as I've said before, HMRC would have litigated years ago. You clearly know everything there is to know about the wording of the 1987 legislation, much better than experienced Tax Specialists, QC's, the Treasury and HMRC themselves.

Now what were we saying about 'arrogant twats'...??

Now that's what I wanted to say but I'm too damn polite.

[poppy01]

My post of 13th June @ 09:30 was not posted on the forum until late last night. So in case it passed you by, can I ask for some sensible questions to ask an independent tax expert wrt to the MTM vs HMRC situation, on behalf of the schemers that are currently the ones with the most lose, but seem to be getting bugger all feedback from our so called "advisors".

My approach for independent advise is simply to :-

1. Get expert opinion on whether or not we are likely to have to pay the demands we are likely to receive end Aug or whether to toe the MTM line that the demands are invalid
2. What precedence there in such cases
3. Understand more the workings of HMRC if the demand is no longer under dispute and what damage limitation strategies we can follow. I have no idea if say I owe £200K, what demands they will put on me and how long I will have to pay it. Do they send the heavies rounds, can we negoitate as opposed to being made bankrupt etc etc ?

I am still of the impression of innocence until proven guilty, but rather than sit back and do nothing, I will happily spend some cash to a real expert to answer some outstanding questions, and thus help me come up with my strategy to deal with this.

Mad

i for one would be happy to assist with funding.

I have a question , I was one of those whose returns were 'investigated' outside the prescribed time limits, on the basis that insufficient information had been provided. do i have a case against Montpelier for the return of the loan repayment I made on the basis that this couldnt happen. word of warning to those still inside the scheme, they can reopen your return as and when they see fit

[BrilloPad]

1. Get expert opinion on whether or not we are likely to have to pay the demands we are likely to receive end Aug or whether to toe the MTM line that the demands are invalid
2. What precedence there in such cases
3. Understand more the workings of HMRC if the demand is no longer under dispute and what damage limitation strategies we can follow. I have no idea if say I owe £200K, what demands they will put on me and how long I will have to pay it. Do they send the heavies rounds, can we negoitate as opposed to being made bankrupt etc etc ?

"expert" - who do you mean? There are probably 50 people or less who are qualified to advise on this. 1 of them is at montp.

you trusted montp? why change you mind?

IMO you should buy a CTD asap - I intend to as soon as I have the money.

once again question 3 is pure speculation. we should wait until we see the outcome.

Not only do I understand why Mal makes his posts - there are times when I agree with him! posts like the above make me wonder if there are some people who should not go into these schemes. apologies to maddog if you are not in this category - but I intend to fight the right way at the right time!

[DonkeyRhubarb]

Keep this forum constructive

Pls could we try and keep this forum constructive. People like me want to use this forum for updates on BN66 and any updates from Montpelier.

What we do not want is people discussing:
> The moral angle of the scheme
> Abusive and demeaning attacks on individuals or the contractor community at large.

There seem to be a lot of people who do not have a vested interest in this topic but still seem to want to contribute in a negative way.

Good point. We can't stop anyone posting here but we can ignore them.

[BrilloPad]

Good point. We can't stop anyone posting here but we can ignore them.

Do you mean gooner or Mal? If you mean gooner then as far as I am concerned he has got personal issues - he deserves our sympathy and a - though the content should be ignored!

As for Mal, I personally like his input. I might be alone is this - but he makes me think. His posts have a certain edge - I work in an IB so I am happy with that. I know he will be too edgey for some.

IMO this thread should also die now anyway - bn66 got passed - we know that next step is judicial review. we know that if we can afford it we should get a CTD.

I eagerly await "montpelier - the judicial review" thread!

[DonkeyRhubarb]

FAO: maddog

Hi, I've just been going through your previous posts. Sincere apologies to you and anyone else's contribution which has got lost in all the crap on here.

If you want to discuss offline, send me an email at fight_against_bn66@hotmail.co.uk. Please include some information so I can indentify you as the genuine article and not one of HMRC's gooners.

[DonkeyRhubarb]

Do you mean gooner or Mal?

Both and anyone else who's not in the scheme. We are overlooking useful posts from the likes of maddog arguing the toss with these buggers.

[BrilloPad]

Both and anyone else who's not in the scheme. We are overlooking useful posts from the likes of maddog arguing the toss with these buggers.

I understand what you are saying - but I think it is in the nature of public talk boards and the scheme we were in. We will have to differ about Mal. Look under "thread tools" and you can create a poll - why not ask if Mal should stop posting here? He has previously indicated willingness to leave us to it - he strikes me as a man of honour who would stand by his word (unlike someone like me who is totally unpredictable!)

If there are useful posts they should be spun off as seperate thread(s).

[DonkeyRhubarb]

create a poll - why not ask if Mal should stop posting here?

Bit OTT, and people not in the scheme would probably vote for him anyway. Probably best if most of us just ignore him.

[Maddog]

"expert" - who do you mean? There are probably 50 people or less who are qualified to advise on this. 1 of them is at montp.

I have been recommended an Tax consultant well versed in offshore trust laws, who works as an advisor to a large orgnanisation who offers tax solutions to major corporates, and who always sits on commission for income tax as an independent. Part of his role is to defend case against HMRC. To speak to someone who undertands well the HMRC workings is a big benefit Only downside is he is expensive, but in th elarge scheme of things his rates a insignifcant. As such I think I can value his advice. The 6 "schemers" who are also investing in the initial session seemed to agree.

you trusted montp? why change you mind?

I have been less than impressed by the way montp have dealt with my questions over the last 3 years. I have found some individuals to be very unprofessional in the way they manage their clients. How much "public" information have they provided to schemers say since BN66 went out ??

IMO you should buy a CTD asap - I intend to as soon as I have the money.

What no faith in montp ? I will be asking my expert his opinion on CTD
once again question 3 is pure speculation. we should wait until we see the outcome.

You keep waiting Brillo- I've head my head in the sand too long - I prefer a more proactive approach. Don't get me wrong, I am not going to part with a penny unless expert opion and common sense dictate i have to.

Not only do I understand why Mal makes his posts - there are times when I agree with him! posts like the above make me wonder if there are some people who should not go into these schemes. apologies to maddog if you are not in this category - but I intend to fight the right way at the right time!

good on you, you do it your way, and I'll do it mine, just hope we're all smiling at the end it !

PS - what is the nature of your work?
Mad