BN66 - Time to fight back!!!

[DonkeyRhubarb]

Ctd

Forgive my ignorance, but what is a CTD (been mentioned a few times in this thread)

It is a way of stopping HMRC adding further interest to your potential liability. Since HMRC currently charge 7.5% for late payment of tax, it is hard to match this (net of tax) in a savings account. The other alternative is to make a payment on account but if you do this you will be surrendering the money and won't see it again until HMRC concede defeat.

You can withdraw money from a CTD at any time. The only down side with a CTD is that it only earns 1-2%, so if you don't use it to pay a tax bill it gives a poor return compared to a savings account.

http://www.hmrc.gov.uk/howtopay/cert_tax_deposit.htm

[scott_free]

It is a way of stopping HMRC adding further interest to your potential liability. Since HMRC currently charge 7.5% for late payment of tax, it is hard to match this (net of tax) in a savings account. The other alternative is to make a payment on account but if you do this you will be surrendering the money and won't see it again until HMRC concede defeat.

You can withdraw money from a CTD at any time. The only down side with a CTD is that it only earns 1-2%, so if you don't use it to pay a tax bill it gives a poor return compared to a savings account.

http://www.hmrc.gov.uk/howtopay/cert_tax_deposit.htm

At what point will we get what HMRC think they are due (£)

[SantaClaus]

Selective quotation is such a crude weapon...

An Internet troll, or simply troll in Internet slang, is someone who posts controversial and usually irrelevant or off-topic messages in an online community, such as an online discussion forum or chat room, with the intention of baiting other users into an emotional response[1] or to generally disrupt normal on-topic discussion

My aim is (and always has been) to make you think, not to disrupt the argument. Highlighting the counter-arguments and pointing out where you are in danger of making significant mistakes is not exactly off-topic, nor irrelevant.

Malvio, I have to admit that I do get depressed when I read your posts, sometimes I have to close my eyes and swallow a valium before I can continue

[BrilloPad]

<official montp posting>
HMRC will include calculations in with the closure notices
</official montp posting>

[DonkeyRhubarb]

At what point will we get what HMRC think they are due (£)

They will include the figures for tax and interest in the Closure Notices that will be heading our way any time soon.

One point regarding CTDs, you only need to take out a CTD to cover the tax part of the liability.

You may as well put the accrued interest in the highest paying savings account you can find. Personally, I am going one step further and investing the interest in an ISA. If, as ASB suggested earlier, the case does drag on for many years, then you may as well use the money to your best advantage.

[BrilloPad]

Malvio, I have to admit that I do get depressed when I read your posts, sometimes I have to close my eyes and swallow a valium before I can continue

several

PS Hi Santa - for Christmas I would like Mal to seriuosly f**k off. I have been a good boy - can you arrange this please?

[DonkeyRhubarb]

several

PS Hi Santa - for Christmas I would like Mal to seriuosly f**k off. I have been a good boy - can you arrange this please?

I still think you should invite him and Gooner (is that one invitation?) to the party though. Perhaps we could put him on a table in the corner with Mr B.

[smalldog]

I too wish he would F**k off, he is a self righteous arrogant tw*t in my opinion. He is so incredibly arrogant he thinks:

A) we dont understand or get it
B) he does
C) he is the one to educate us poor souls, cos obviously he is of greater intelligence than us
D) he is working for all contractors interests

And before you say you are only a messenger, who voted for you to be a messenger or union representative for contractors, I didnt?! I dont want you to be my messenger mate so keep your messages to yourself.

[BrilloPad]

I still think you should invite him and Gooner (is that one invitation?) to the party though. Perhaps we could put him on a table in the corner with Mr B.

Then they could gaze into each others eyes - much like an other evening really.....

[Lewis]

Malvolio regularly posts antagonistic comments on numerous threads. Why get so wound up about it? If you disagree don't bother to reply, you don't have to defend yourselves to him.

That said, he often makes valid points and I'm not so sure that just because you disagree with what he is saying it makes it invalid. In fact personally I reckon he is right more often than not.

I have been following and occassionally posting on this thread because (a) it is interesting and (b) I disagree with retrospective 'clarification'. To be clear, I support you and hope you beat HMRC.

I suggested a while back you create a private forum (e.g. using www.informe.com - takes 5 mins) so you can discuss things you don't want the public and/or HMRC) to see.

If you are going to use a public forum for your discussions, you can't tell people to flip off it. You don't own it. All this Mr B stuff is just irritating.