BN66 - Time to fight back (Chapter 3)

[helen7]

BTW - A friend of mine has had a CN with figures for 07/08 accounts ESTIMATED, as the SA has not even been filed yet for this tax year. Sounds like the figures were scribbled on the form by someone with a writing age of a 4 year old. Very professional !!

07/08 was estimated on mine also (they doubled 07/08). I only found this out by checking my assessment online since they did not include a statement of accounts with my CN's. There was also no mention of the interest payments due with the CNs.

[DonkeyRhubarb]

HMRC inspired FUD over accounts

Here are the hard facts.

HMRC are in possession of 720 sets of accounts.
To date, MP have only received CNs for just under 200 users.

200 out of 720 = 27%

which is almost identical to the result of our Poll:

http://forums.contractoruk.com/accou...re-notice.html

There may be a few accounts missing, discrepancies etc. but nowhere near enough to explain why so few CNs have been issued.

[BrilloPad]

Hi

Another long time lurker here, finally sticking my head above the parapet.

I've not had CN yet but got the "newsletter" last week

I do get the impression from the tone of the "newsletter" , previus letters and now they are sending out debt collectors that HMRC are simply tring to intimidate us all.

Thanks for keeping us innformed.

Rosbiff

welcome to the bn66 thread and thanks for delurking. what years were you in the scheme? have you received a CN? have ou bought a CTD?

[DonkeyRhubarb]

Now am thinking of getting a CTD, but just wondering if I can do a direct bank transfer (as opposed to CHAPS payment)...

FD

Not sure what you mean. CHAPS is a direct (same day) bank transfer, although there is a charge (£20-30) for this. They don't mention the cheaper alternative BACS on the HMRC website but this takes 3-4 working days to clear anyway.

I couldn't be bothered with bank transfer so just sent them a cheque, which worked fine.

[Ratican]

Closure Notice

I called my local tax office 25 working days ago to ask where my CNs were (in case they were lost / sent to wrong address / etc).
I was told that someone from that department would call me back within 5 working days.
After 10 working days I called back and they told me that someone from that department would call me back within 5 working days.
2 days later I got a call from someone who told me he had a memo from Mr . He said it was a long memo but wouldn't tell me what it said.
He said he would get something out to me by the end of the week.
10 working days after that and still nothing and he called me to apologise and said that I would get something this week.
I told him I wasn't in a rush - but to send it out if he wanted.
He said that I would be getting a CN for 1 out of my 4 years.
I asked him why they didn't just send them all out.
He said there were enquiries on the other years and waiting for accounts.
I asked him why he didn't just wait until he had everything together as it would all be a lot easier.
He said I should let him do his job the way he wants to work.
I asked him why they were sending out the 1000's of CNs and - presumably - spending a lot of time and effort on them when there is a high probability that BN66 will be changed to remove the retrospective element.
He said he didn't understand what I meant and that he is just following orders and doing his job.

Should get something tonight or tomorrow then...

[BrilloPad]

I called my local tax office 25 working days ago to ask where my CNs were (in case they were lost / sent to wrong address / etc).
I was told that someone from that department would call me back within 5 working days.
After 10 working days I called back and they told me that someone from that department would call me back within 5 working days.
2 days later I got a call from someone who told me he had a memo from Mr . He said it was a long memo but wouldn't tell me what it said.He said he would get something out to me by the end of the week.
10 working days after that and still nothing and he called me to apologise and said that I would get something this week.
I told him I wasn't in a rush - but to send it out if he wanted.
He said that I would be getting a CN for 1 out of my 4 years.
I asked him why they didn't just send them all out.
He said there were enquiries on the other years and waiting for accounts.
I asked him why he didn't just wait until he had everything together as it would all be a lot easier.
He said I should let him do his job the way he wants to work.
I asked him why they were sending out the 1000's of CNs and - presumably - spending a lot of time and effort on them when there is a high probability that BN66 will be changed to remove the retrospective element.
He said he didn't understand what I meant and that he is just following orders and doing his job.

Should get something tonight or tomorrow then...

Can we request this under some sort of freedom of information act?

Though its probably boring - just some jumped up clerk who was bullied at school - failed to join police - getting his kicks.

[FloggingDolphin]

Not sure what you mean. CHAPS is a direct (same day) bank transfer, although there is a charge (£20-30) for this. They don't mention the cheaper alternative BACS on the HMRC website but this takes 3-4 working days to clear anyway.

I couldn't be bothered with bank transfer so just sent them a cheque, which worked fine.

Sorry, I meant just a normal bank transfer (the type that takes 3-4 working days between different banks).

As you said, there's no mention of it in the HMRC website.

Really want to take out the CTD, so just to confirm, the process would be:

1. Transfer the money into the account.
2. Send them a letter of confirmation (showing your name, amount and date of transfer).

Hope I got it right...

[KiwiGuy]

Poll for who can afford to pay

I think a more interesting Poll would be out of everyone who could afford to pay the IR, i got my CN on friday, if i include 07/08 then im looking at 100K... sadly unless i sell my children to Madonna they arent getting anything from me..

[KiwiGuy]

whats a CTD

whats a CTD, and whats the process of doing it?

[DonkeyRhubarb]

Certificate of Tax Deposit (CTD)

whats a CTD, and whats the process of doing it?

It is described in the link below. Basically, it shelters you from any further interest on the amount you deposit. For example, suppose your current potential tax liability was £100k, with £30k interest already added on top. If you take out a CTD for £100k, then your total liability will be fixed at £100k (+£30k interest) from now onwards. There are pros and cons:

Pros

• No further interest added to your liability
• You can withdraw part or all of the money at any time (unlike paying on account)
• It's impossible to match HMRC's interest rate with a savings account (net of tax)

Cons

• If we win, it only pays out a meagre rate of interest (1%ish)
• For many, an offset mortgage may be a better proposition

http://www.hmrc.gov.uk/payinghmrc/cert-tax-deposit.htm