BN66 - Time to fight back: Continued

[dezze]

[QUOTE=Emigre;651895]Received mine today - ugly. No funds to pay it with, no chance of remortaging or selling the family home. Seems fair to say that you only appreciate the true injustice of this retrospective legislation when you receive the fictional bill. QUOTE]

This may have been discussed, but if it comes down to having to pay, what happens in this particular circumstance? Will HMRC force you to sell up? which may not pay the amount off anyway... or come up with a payment plan (which may or may not be sensible)? Or will it effectively send large numbers of people into bankruptcy?

[twinkle]

and whatever investments we had to cover such circumstances are now worth 60% of what they were 4 months ago.

[Ratican]

negotiate

This may have been discussed, but if it comes down to having to pay, what happens in this particular circumstance? Will HMRC force you to sell up? which may not pay the amount off anyway... or come up with a payment plan (which may or may not be sensible)? Or will it effectively send large numbers of people into bankruptcy?

I have been advised to get in quickly (probably after the JR/other avenues have been exhausted - or now???) and arrange a repayment plan. HMRC don't want to go down the repossession/bankrupt route if they can avoid it (hassle and uncertainty for them in most cases). If you can prove that you will be able and willing to pay it back then they would rather go down that route. At least that way they are "more likely" to get all the money back. Also - if you can make some kind of lump sum payment they will see this as an act of goodwill from you. I guess you will be paying interest all the time though unless you can negotiate some kind of deal with them.

I reckon that MP might try to do a deal with hector if it gets to that stage. And there are companies / accountants like Warr who claim they may be able to reduce the amount you "owe". I believe Mr Warr has a handful of clients at the moment - so it may be worth watching what happens there. Probably now is not the time to consider such alteratives though.

Still think we can win this though…

[Ratican]

Anybody got any other ideas?

Has anybody had any other thoughts on how we could fight this? I think it is great that people are writing to MPs/Politicians/etc. and the JR/ECoHR seems to be the legal route to prove this retrospective aspect of the legislation is illegal.

But… I just wonder if there is something else that we can do. Has anybody had any other thoughts? I’m sure we have all been thinking hard about this.

Forcing the issue with the Tories is one idea discussed yesterday which I am pressing on with (got an appointment booked with my MP / trying to get one with the Tory candidate for my area – to get advice and guidance).

Anybody got any other ideas? Surely there must be other things we can do?

[BrilloPad]

Has anybody had any other thoughts on how we could fight this? I think it is great that people are writing to MPs/Politicians/etc. and the JR/ECoHR seems to be the legal route to prove this retrospective aspect of the legislation is illegal.

But… I just wonder if there is something else that we can do. Has anybody had any other thoughts? I’m sure we have all been thinking hard about this.

Forcing the issue with the Tories is one idea discussed yesterday which I am pressing on with (got an appointment booked with my MP / trying to get one with the Tory candidate for my area – to get advice and guidance).

Anybody got any other ideas? Surely there must be other things we can do?

Ideally we want to JR to go through faster - I can't see any way of doing that.

I can't see any resolution now until 2010 earliest!

If anyone wants to do anything - get a ctd.

I still believe montp will win - but wish it could be quicker.....

[Ratican]

Ideally we want to JR to go through faster - I can't see any way of doing that.

I can't see any resolution now until 2010 earliest!

If anyone wants to do anything - get a ctd.

I still believe montp will win - but wish it could be quicker.....

That's one way to look at it - another way is that if it does go on for years after the JR - that may not be a bad thing. General Election is due within 18 months or so. Lobbying the Tories could be an especially good option if the case is still in limbo in a couple of year’s time. They may just decide to write it off.

Agreed though - get the CTD - try to forget about it as much as is possible - possibly even write it off in your mind and if we win - see it as a bonus. .

I know that it isn't possible for a lot of people to get the cash together (I am one - although I am luck (?) that my bank has agreed to a remortgage which will cover most of the cash I require) - but seems to be a good option even to funnel as much as possible into one.

It would help if we had some way we could assess our chances of winning. The interest is small on the CTD if we win - would other investments be better - especially now?? Probably not. I don't know. CTD is at least safe. It would seem. Isn't it?

[SantaClaus]

That's one way to look at it - another way is that if it does go on for years after the JR - that may not be a bad thing. General Election is due within 18 months or so. Lobbying the Tories could be an especially good option if the case is still in limbo in a couple of year’s time. They may just decide to write it off.

Agreed though - get the CTD - try to forget about it as much as is possible - possibly even write it off in your mind and if we win - see it as a bonus. .

I know that it isn't possible for a lot of people to get the cash together (I am one - although I am luck (?) that my bank has agreed to a remortgage which will cover most of the cash I require) - but seems to be a good option even to funnel as much as possible into one.

It would help if we had some way we could assess our chances of winning. The interest is small on the CTD if we win - would other investments be better - especially now?? Probably not. I don't know. CTD is at least safe. It would seem. Isn't it?

Dont worry. The govt. will be bankrupt by 2010

[helen7]

Does anybody know if any other tax avoidance scheme's have been investigated in the last few years (i.e., not the IOM one, the loan and EBT based ones).

If so.

What was the outcome?

If they lost....
- Were they able to do 'a deal' with the revenue?
- Was the scheme provider liable for any of the additional tax?

If they won...
- is there anything we can learn from there approach? (did they lobby MPs, go to press etc..)

[MuddyFunster]

Does anybody know if any other tax avoidance scheme's have been investigated in the last few years (i.e., not the IOM one, the loan and EBT based ones).

If so.

What was the outcome?

If they lost....
- Were they able to do 'a deal' with the revenue?
- Was the scheme provider liable for any of the additional tax?

If they won...
- is there anything we can learn from there approach? (did they lobby MPs, go to press etc..)

I know someone who was on a loan repayment scheme around six years ago. He was threatened with a 100% fine of his so called liability so he did a payment on account. Six years later, he's still in limbo. HMRC still has his money and the case hasn't been decided on yet. Another example of HMRC's organisational abilities.

[Emigre]

I know someone who was on a loan repayment scheme around six years ago. He was threatened with a 100% fine of his so called liability so he did a payment on account. Six years later, he's still in limbo. HMRC still has his money and the case hasn't been decided on yet. Another example of HMRC's organisational abilities.

One reason NOT to pay!

Have sent forms to MP. NW is completing the appeal. No info given on JR.