BN66 - Time to fight back: Continued

[BrilloPad]

I hope their heating packs up over winter and they shiver in their coats at their desks.

I can confirm that my ex same the same effect as a dementor. Its a permanent icy blast near her.

But they are not all bad! One or two are helpful

[Emigre]

As far as I know although the retrospection went back to 87 HMRC are only looking back to 02 because they are only interested in us. I think MP are pretty much on their own as far as the JR goes.

I heard that MP are on their own. They have a far larger business than some of the others out there like Twentyplus and lets be honest, if you were eg Twentyplus would you offer to pay?

I seem to remember way back when on the original thread that there had been some indication that retrospection was only going to be back to December 2004 when The Paymaster General announced the Governments intention to close the tax avoidance loopholes. Is that right? If so, why are we getting closure notices pre-dating that speech.

If a deal is being done to "protect" the property developers isn't that discrimination? - another area of interest for ECHR. The accounting firms are not beyond influence by Govt bodies. A few years ago KPMG admitted fraud in the US and when the US Attorney took the ex partners to trial KPMG, under influence of US Attorney, refused to pay for their legal defence despite contracts covering the partners costs. This happened to be for sale of tax schemes to US citizens... Amended hearing starts in NY next week.

[WhatEver]

Finance Bill 2004 - Retrospective legislation

re the 2004 query above, this is a link to my first post just before the last thread got closed so I guess this got lost

http://forums.contractoruk.com/624434-post1796.html

...Finance Act 2004 tries to put in place an enabler for the govmt to enact such legislation back dated to the announcement - 2 Dec 2004. Whilst this did make law the arguments as whether even that would be legal are questionable….

[seadog]

I do now hear that the JR is submitted. Lets hope we get a date set real soon.

Hi


Pproperty developer is still here but not always on the web.

BR can you give us some more info on when the JR was applied for etc.

I am waiting for a reply from an email to MP re this matter.

Still trying to find out any blogs forums etc were property developers might be lurking. I know they are out there but they do not seem to be into blogging like you IT guys which is a bit of a sirprise because they are in for massive sums of money into the millions.

[Ratican]

re the 2004 query above, this is a link to my first post just before the last thread got closed so I guess this got lost

http://forums.contractoruk.com/624434-post1796.html

...Finance Act 2004 tries to put in place an enabler for the govmt to enact such legislation back dated to the announcement - 2 Dec 2004. Whilst this did make law the arguments as whether even that would be legal are questionable….

That was a good post WhatEver - thanks. I enjoyed reading it again.

[BrilloPad]

BR can you give us some more info on when the JR was applied for etc.

I believe it was applied for last week - and so far no date set. Even if we know a date it can be anytime up to 3 months away......

[DonkeyRhubarb]

Still trying to find out any blogs forums etc were property developers might be lurking. I know they are out there but they do not seem to be into blogging like you IT guys which is a bit of a sirprise because they are in for massive sums of money into the millions.

This makes me suspicious that they are being "taken care of" in some way, otherwise surely they would be more vocal. Unless, as someone else suggested, they are so rich they don't care.

Other than contacting PwC or KPMG, who I suspect won't tell us anything, I can't think of any way of finding out what they are doing about it.

Any suggestions?

[SantaClaus]

....If a deal is being done to "protect" the property developers isn't that discrimination? - another area of interest for ECHR. The accounting firms are not beyond influence by Govt bodies....

This is a very interesting point. Maybe it should be communicated to Montpelier.

[Ratican]

Montpelier

Does anybody know who the contact is now at MP for the JR, etc after Bernard's departure? I did ask TQ and he told me the people in the "know" are at the IOM offices. Has anybody had contact with such a person - one that knows what is going on?

[Emigre]

One of the issues here is that we don't know anything about the property developers. How many? How much? etc etc. As I understand it MP sold the scheme to developers before realizing its potential benefit to contractors. If this is the case then MP must have some developers on their books.

At this stage no one has lost anything so no one has been discriminated against. If the JR is lost, discrimination would be very difficult to achieve since the right answer would be to tax those that had got away with it. No one is going to admit to that so finding them could be very difficult.

Bear in mind that in the early days there was no Scheme Registration Number so no ability for Hector to relate different returns.

Thanks to Whatever for the link. If the senior tax partners of the major accounting firms can make such unequivocable statements in response to BN66 it seems amazing that they haven't seen fit to step out of the shadows now. Protecting their knighthoods no doubt.