BN66 - Time to fight back: Continued

[BrilloPad]

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..)

There is a lurker who I know at clientco who was in another scheme. They did a deal. I will try to get more details.

[BrilloPad]

I have just telephoned my tax office and they said that there were not going to send any closure notices out until the JR has established a position in court.

Perhaps other tax offices are sending them out anyway.

I though I'd let you know in case some of you were holding your breath !

Very interesting post!! DR - do you think this should go on the major news thread?

[redkieran]

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.

Was that Dignatio? I almost went with them, and I'm quite glad I didn't!

[PlaneSailing]

Smell a rat

I have just telephoned my tax office and they said that there were not going to send any closure notices out until the JR has established a position in court.

Perhaps other tax offices are sending them out anyway.

I though I'd let you know in case some of you were holding your breath !

This is very interesting. I for one would rather they issue notices
as at least it means they have completed thier investigation.

If they hold them open, I can just see them coming up with another
ridiculous 'clarification' to try and raise the cash.

Or maybe they just can't be bothered ...

[MuddyFunster]

Was that Dignatio? I almost went with them, and I'm quite glad I didn't!

No it was Sanfield / Consulting Overseas. The guy I know had a modest amount to pay. Some people had six figures of liability with a 100% fine...

[seadog]

[QUOTE=helen7;652168]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).

We were involved with a nother scheme with Mont P. it was a successor to the EBT scheme.

Everything was filed on time but 3 years later it was investigated by HMRC and eventually Mont P and after some discussion they recommended we settle. Total cost circa £100,000.

[twinkle]

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?

Ratican,

At least the interest wil be +ve not like an investment in equities !

[helen7]

We were involved with a nother scheme with Mont P. it was a successor to the EBT scheme.

Everything was filed on time but 3 years later it was investigated by HMRC and eventually Mont P and after some discussion they recommended we settle. Total cost circa £100,000.

What year was this? Did Montp refund any of the fees thathad charged for their tax 'advice'.

I was told recently that Montp had never lost a tax avoidance investigation case.

[kiwinlondon]

Some interesting news just sent to me...

The governments of the UK and the Isle of Man entered in to an exchange of information agreement on 29 September. There are also going to be amendments to the double tax agreement with the IoM, but I do not have details of what these may be. The times are a changing….

[seadog]

What year was this? Did Montp refund any of the fees thathad charged for their tax 'advice'.

I was told recently that Montp had never lost a tax avoidance investigation case.

It might be semantics whether they lost the case or not.

It was 2007 and the top and bottom of it is that Mont P said we they said the case would probably be lost and recommended that we accept an offer to settle.