Time machines
Actually, reading Part 8 & 9 the use of the word "closing" in the context of the sentences in question, very much seems to imply that BN66 was the instrument to close down the loop-hole. I thought that was done in 1987 according to HMRC. Surely you can't close it twice? Also, Part 9 does actually confirm that the legislation closing the loop hole is "now complete". Nothing implies that there is retrospection in the legislation except the tax bills!
Originally posted by anxious1
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Actually, reading Part 8 & 9 the use of the word "closing" in the context of the sentences in question, very much seems to imply that BN66 was the instrument to close down the loop-hole. I thought that was done in 1987 according to HMRC. Surely you can't close it twice? Also, Part 9 does actually confirm that the legislation closing the loop hole is "now complete". Nothing implies that there is retrospection in the legislation except the tax bills!
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