BN66 - charges and interest

[BrilloPad]

Or perhaps it's becuase we've spent several years trying to sell the idea that contractors (not just IT ones either) are a third way of working different to Employer and Employee and we don't really want publicity over a case where a small group of contractors appear to be demanding the right to ignore UK taxation law - which is how it will appear in the Press, regardless of right or wrong.

Plus I started out trying to help, but since you are determined to ignore the advice I did offer, I simply dropped back to being Malvolio. Way more fun anyway.

The press can be sold anything. Not that I care.

If you expect us to stand together then you have something to learn.

I don't think you offered any advice(though I might be proved wrong) - though I am grateful for the challenging questions and helping to clarify arguments.

[smalldog]

I dont quite get how he can advise on something, when he doesnt even know how the scheme works? very bizzarre....

You should look at us as decoys to allow you to slip under the radar without being noticed....We might end up doing all you IR35 avoiders a favour, we will keep a few people at HMRC busy for a while...!

[BrilloPad]

I dont quite get how he can advise on something, when he doesnt even know how the scheme works? very bizzarre....

You should look at us as decoys to allow you to slip under the radar without being noticed....We might end up doing all you IR35 avoiders a favour, we will keep a few people at HMRC busy for a while...!

And before someone says they are not an IR35 avoider - there is legislation due in 2011 which will clasify all earning as IR35 caught going back to 1990. At 100% tax. With 10% compunded interest per year.

[smalldog]

Brillo, I cant for a minute believe people putting forward moral arguments against us and the scheme would avoid IR35, surely they dont avoid any tax!

bloody hypocrits!

[malvolio]

I dont quite get how he can advise on something, when he doesnt even know how the scheme works? very bizzarre....

You should look at us as decoys to allow you to slip under the radar without being noticed....We might end up doing all you IR35 avoiders a favour, we will keep a few people at HMRC busy for a while...!

Don't give a stuff how the scheme works or doesn't work. I do understand the piece of law in question and the detail of BN66, I have some knwoledge of the court system, I do understand HMRC and the Treasury, I do know you'll get nowhere with a challenge under ECHR, I'm fairly sure the scheme providers are only covering their own exposure and aren't really that bothered about yours, it's a fair bet the legal fees alone are going to be around £300k assuming you get a result before the High Court, and I'm not exactly sure the PCG would want to slip under anybody's radar these days anyway. Plus I don't avoid IR35, I'm simply not liable for it under the Intermediaries legislation.

But hey, you plough your own lonely furrow, we'll stand back and watch from the sidelines.

[smalldog]

Don't give a stuff how the scheme works or doesn't work. I do understand the piece of law in question and the detail of BN66, I have some knwoledge of the court system, I do understand HMRC and the Treasury, I do know you'll get nowhere with a challenge under ECHR, I'm fairly sure the scheme providers are only covering their own exposure and aren't really that bothered about yours, it's a fair bet the legal fees alone are going to be around £300k assuming you get a result before the High Court, and I'm not exactly sure the PCG would want to slip under anybody's radar these days anyway. Plus I don't avoid IR35, I'm simply not liable for it under the Intermediaries legislation.

But hey, you plough your own lonely furrow, we'll stand back and watch from the sidelines.

pray tell how you know all of this? Judge, jury and executioner eh Mal...get off your power trip will ya!

"We'll" there you go again, carrying the contractor banner for all...how very noble of you...Im getting concerned, you actually think you speak for the masses dont you

[DonkeyRhubarb]

FAO: Mal

Take a look at the spreadsheet towards the end of this link. The numbers in the spreadsheet are distinct schemes ie. that have a unique reference number. The Montpelier scheme will be just one of these. As you can see, there are literally hundreds of different schemes, a few of which will be used by contractors but the majority will not. Tax avoidance is big business and many in the wealthiest 5% will be at it, including former prime ministers!!!

http://www.hmrc.gov.uk/avoidance/avo...statistics.htm

I'm sure as far as the government/HMRC are concerned we are just lumped together with all the other "tax avoiders". I doubt whether they see this as having any relevance/bearing on IR35, S660 etc. In fact, I know there are a many people using the MontP scheme who have never run a Ltd Co, and have no connection whatsoever with the contractor/freelance world.

I am not convinced that what we have been doing damages "your cause". If anything the MontP scheme and all the other tax avoidance schemes should keep HMRC running around in circles for years.

If that is your only objection then I think you may be fretting over nothing.

[smalldog]

Also, "your cause" get over yourself its only a job not a crusade...and if it is a crusade, get a grip and maybe a life.

[ContractIn]

Im sitting it out...I think It does depend how much you owe, and if you are willing to hedge your bets Montp win....

If you can put the money you MIGHT end up having to pay HMRC into an investment product that yields more than HMRC's interest rate you could potentially make some extra..make it work for you rather than them...

I'll sit and wait for HMRC notification then. I owe enough to be worried with in excess of 60k although I know not as much as others and do not have that sitting in accounts! so will get a CTD to cover as much as possible as soon as they ask for it.

Thanks

[BrilloPad]

Has Mal finally finished fluffing this thread then?