BN66 - Time to fight back (Chapter 3)

[BrilloPad]

I'm guessing that the BarCapBoyz are more than one person!


We are indeed a group of four dudes who used to work at, er, Barcap.


I understand one of us four is well-known to BrilloPad, actually.

So now you are onlt 3 as the one I know is a splitter! http://forums.contractoruk.com/687024-post134.html

Any more splits comming?

BTW thanks to boycie for popping up to see me yesterday - sorry I could only pop out for 5 minutes - we will meet up properly next week. Baby now out of hospital - but I now feel and could not go to clientco today. It feels like someone has been dancing on my stomach.....

[BrilloPad]

I'm de-lurking.

This forum has kept me sane.

Been with MP since 2003, CN received in October which was sorted by NW.
Received a debt demand for this years SA again sorted by NW.

Received a SA statement with suspended amounts except the bottom figure was not zero within the same week received a distraint notice which was again sorted by NW.

Have I got the full set here.

I've been lurking here for months now; created an account last week, now finally got around to posting something.

I was in the MP scheme from 2003-07, so my exposure is probably quite large (I haven't received any closure notices yet) and I probably can't pay it either...so I'm remaining hopeful that MP beat HMR&C on this unfair retrospection.

Sorry, I've been watching this post for the past 6mths and have to say, you guys are fantastic. Been with MP for 2yrs now, having no intention to leave as I have every faith in them (can't afford to pay Dr Evil).

Keep up the great posts, loving every one of them

Many thanks for de-lurking

Great to get some upbeat first posts and hear that some get a good service.

While we await a date for the JR - anyone else want to de-lurk?

[Fisherman]

Anyone seen this Website

Came across this while wandering around the interweb

http://www.bn66.co.uk/

Are MP aware of what they are proposing looks far fetched to me.

[macdat]

I emailed my MP about this and got the following response although I am not sure if he is referring to the correct clause or if I just don't understand the structure.

Can someone clarify this for me and I will respond back to my MP.....

************************************************** *******
"Thank you for your message.

The Finance Bill has now been enacted and the clauses are numbered differently in the Finance Act. I wonder if you are referring to Clause 59 of the Act which relates to "UK residents and foreign enterprises"? However, this part of the Act only applies to income arising on or after 12th March, 2008. Perhaps you can explain your problem in more detail but I have to say that I cannot intervene in court cases.

Yours sincerely,
Michael Mates"
************************************************** *******

Thanks

MD

Anybody care to comment on this and I'll snap back a reply to my MP.

cheers

[SantaClaus]

Anybody care to comment on this and I'll snap back a reply to my MP.

cheers

Tell him you are referring to clause 55 also known as BN66 which is a retrospective change to an existing law from 1987.

Make it clear to him that your income will be retrospectively taxed all the way back to 2001 when you first started using the scheme.

Also you could mention that retrospective taxation is an unprecented move, never before seen in the UK and uncertainty of one's future tax position is against Human Rights Law and bad for business in the UK.

Hope this helps!

[Dionysus]

De-Lurking

Hi, been lurking for several months after being pointed here by another Montp'er (one who's known to BP).
Was with them 04-08 so significant exposure.
Can pay some, but certainly not all.

Not planning on getting a CTD.

Always thought the scheme would be limited in terms of how long before it was closed down, never thought retrospective taxation would be an issue.
This was also the view of a chartered accountant who deals with lots of tax returns, and ex HMRC employee within my family.

Thanks for the useful info on this forum, keep up the good work.
It's certainly helped keep me intent on fighting.

[BrilloPad]

Anybody care to comment on this and I'll snap back a reply to my MP.

cheers

Agree with SantaClaus - also you might like this :-

http://forums.contractoruk.com/accou...e-your-mp.html

[harrinp1]

Hello,

Having received my Closure Notices on the 7th November I have now received two "Late Payment: Surcharge Notice" forms dated the 7th November telling me I have a 5% surcharge because Hector "...did not receive your full payment by 28 days after the due date nor by 6 months after it...".

As I only received the CN on the 7th November their maths seems to be a bit out. When I rang them to complain they could not even work out why I had been sent one and said these weren;t due until the 10th December

I hope their Christmas meal isn't in a brewery as I bet there won't be a lot of alcohol around....

MajorGowen...

Same here. CN received 24th October and surcharge received 7th November. I also note it is two 5% surcharges not just one!

[DonkeyRhubarb]

Surcharge Notices

Just in case you missed this:

http://forums.contractoruk.com/688059-post182.html

<----- This Donkey is certainly well informed!!!

[Friendly Accountant]

De-Lurking, well...sort of

Although not on the MontP scheme, I do follow this thread quite regularly. Obviously, the result of the JR will have a very direct impact on the tax planning world. Haven't had a lot to contribute so I suppose I have been lurking and just wanted to take the opportunity to wish all the best of luck with this.

Looking forward to seeing the whole BN66 fiasco thoroughly squashed!!