BN66 - Time to fight back (Chapter 3)

[DonkeyRhubarb]

DR, in order to try and pre-empt this kind of reply why not send the cut and paste standard response in your first letter to MPs and tell them we already have this response and to specifically answer the questions, and/or take it up with the Treasury.

We could do. On the other hand, it might be worth waiting to see how the Treasury responds to the FOI requests we have submitted first. These raise the same points as the various initial letters.

Incidentally, if anyone want to see the complete list of FOI requests submitted to Treasury and HMRC, drop me a line. I can absolutely guarantee that No 11 will put a big on your face.

[BrilloPad]

We could do. On the other hand, it might be worth waiting to see how the Treasury responds to the FOI requests we have submitted first. These raise the same points as the various initial letters.

Incidentally, if anyone want to see the complete list of FOI requests submitted to Treasury and HMRC, drop me a line. I can absolutely guarantee that No 11 will put a big on your face.

As HMRC head office ( ) will find out soon it was submitted by me (thanks to whoever wrote it : its a classic!). I am the only person on this thread stupid enough to be identified so my home address is known. I do hope they turn up on my doorstep to discuss the request with me.

[BrilloPad]

Well done to all the people who have contributed to this debate, you have put in a lot of effort.
Montpelier have added to everybody's anxiety by remaining under-staffed and downright rude in their lack of responses to their clients.
In my case, the trust accounts figures didn't match the tax return figures in any of the years that I worked through the scheme. A simple accounting package would have prevented this.
HMRC are even threatening a discovery assessment in my final year where I received a payment in April but Montpelier told me that related to the previous tax year and that I had no need to record it on the subsequent year's tax return. It appears that was incorrect advice.
I'm now squeaky clean and wish I had never heard about the scheme.
I hope and believe that Montpelier will win the Judicial Review as there is no legal precedent for the introduction of retrospective taxes.
I have written to my MP but can see that he has no real interest in this case and I have decided to move on and will not be back on this site again.
Best wishes to you all.

Just to confirm that Retro has been been sorted out.

If anyone else has any issues then please PM me or put a request on thread. Montpelier do make a few mistakes and are happy to try to sort things out.

I hope Retro will continue posting on here and join us for the victory party.

[Little'Old Me]

I was just looking up the current interest rate for overpayments and certificates of tax deposits and if the amount is under £100k they are currently paying 0% (yes nothing)

I know if their is a backdated tax bill - then it saves them charging - but what happens if in the end you don't owe anything? Not much of an incentive.

[BrilloPad]

I was just looking up the current interest rate for overpayments and certificates of tax deposits and if the amount is under £100k they are currently paying 0% (yes nothing)

I know if their is a backdated tax bill - then it saves them charging - but what happens if in the end you don't owe anything? Not much of an incentive.

Not many accounts pay more than 1% anyway.

I dont think they want to give us an incentive : I think they would rather charge us interest (3.5% at moment?).

I still think we are going to win : but it depends how dirty HMRC fight. And we will not know for years if we will win/lose : the interest adds up (even though it is not compounded).

[helen7]

budget

http://www.hm-treasury.gov.uk/d/Budg..._notes_900.pdf

Anybody spot anything in this to give us some hope.

I notice that NONE of the avoidance scheme's here have been closed retrospectivly. Which begs the question of WHY are WE the only ones being targeted.

[DonkeyRhubarb]

I dont think they want to give us an incentive : I think they would rather charge us interest (3.5% at moment?).

It's down to 2.5% now. However, rates won't stay this low forever. Even matching 2.5% (net of tax) in a savings account is tough. If you look back at the rate HMRC charged over the past few years it was always significantly higher than most savings accounts (even before tax).

Although the CTD doesn't pay any interest now, and even when it did it was a paltry amount, the point of getting a CTD is to freeze your liability.

[Emigre]

http://www.hm-treasury.gov.uk/d/Budg..._notes_900.pdf

Anybody spot anything in this to give us some home.

I notice that NONE of the avoidance scheme's here have been closed retrospectivly. Which begs the question of WHY are WE the only ones being targeted.

Yes and no. We know they have been after our homes for ages BUT the fact that none of the anti-avoidance clauses include any retrospective elements could mean that we are getting under their skin. After all, I'm sure that MPs and the Treasury wouldn't want to start receiving representations about BN whatever in FB09.

It also highlights the fact that they are going to have to work extremely hard to demonstrate that our case is "exceptional". It's simple. Its not exceptional and they won't be able to prove it.

The anti-avoidance elements are interesting for what they don't say.

[Retro]

Sorted

Just to confirm that Retro has been been sorted out.

If anyone else has any issues then please PM me or put a request on thread. Montpelier do make a few mistakes and are happy to try to sort things out.

I hope Retro will continue posting on here and join us for the victory party.

I have indeed been sorted out very efficiently and can't thank BP and Montpelier enough. I retract my statement about leaving this forum and will see if there is anyway I can help in the future.

[SantaClaus]

I have indeed been sorted out very efficiently and can't thank BP and Montpelier enough. I retract my statement about leaving this forum and will see if there is anyway I can help in the future.

Well done Brillo and glad to see you still posting Retro!