BN66 - the road to Judicial Review

[funjim]

Question re CTD

Hi all ..

i was with MP 06-08 .. received letters etc but no closure notice as yet

quick question..apologies am a little confused..:O(

whats the real benefit of buying CTD's??


keep up the good work


funjim

[Boycie]

Many thanks to boycie who came to my stag do last night. good to have bn66 representation......

Really enjoyed it - v hungover Saturday!

[DonkeyRhubarb]

PwC

Isn't anyone else amazed that a professional outfit such as PwC could leave things too late for a Judicial Review? Bet their clients are happy.

As I understand it, PwC never actually sold the scheme to end-clients.

PwC Legal (http://www.pwclegal.co.uk) probably saw it as an opportunity to generate fee paying work. Before they could proceed they needed to drum up enough potential litigants for a class action. This is probably why it took them longer to file the application.

What I find more surprising is why their application wasn't rejected out of hand. Why were they granted an oral hearing at all, and why did it last 3 hours? Also, surely their (external) barrister must have known that they were on a hiding to nothing when he submitted the application?

[PlaneSailing]

Timms Time Warp

He's off again....

http://www.moneymarketing.co.uk/cgi-...40&h=341&f=342


Lets see if he decides to use his time machine on this lot then......

[Emigre]

He's off again....

http://www.moneymarketing.co.uk/cgi-...40&h=341&f=342


Lets see if he decides to use his time machine on this lot then......

..."minimising the loss to taxpayers through tax avoidance"...

When will they understand that it is every taxpayers right to plan their affairs according to the law as it stands at the time?

When will they understand that people complying with the law should not be seen as a problem

When will they understand that that it is their own gross incompetence in the drafting of legislation that allows people, businesses and banks to avoid tax.

Voluntary codes of conduct are the biggest load of bulltulip out there, they are a sop to the masses. Timms, if you want a certain piece of tax legislation, consult properly, draft properly and legislate. Don't climb in your Tardis and retrospectively change the law - it sends the clearest message to any would-be investor NOT to invest in the UK and anyone who is already invested here to get out.

[PlaneSailing]

..."minimising the loss to taxpayers through tax avoidance"...

When will they understand that it is every taxpayers right to plan their affairs according to the law as it stands at the time?

When will they understand that people complying with the law should not be seen as a problem

When will they understand that that it is their own gross incompetence in the drafting of legislation that allows people, businesses and banks to avoid tax.

Voluntary codes of conduct are the biggest load of bulltulip out there, they are a sop to the masses. Timms, if you want a certain piece of tax legislation, consult properly, draft properly and legislate. Don't climb in your Tardis and retrospectively change the law - it sends the clearest message to any would-be investor NOT to invest in the UK and anyone who is already invested here to get out.

Reading the proposed 'code of conduct' ...

"..The Code does not replace any existing approach to tax avoidance and does not mean that the Government will not act quickly to shut down avoidance activity at the earliest opportunity."

So the current policy is to move at the earliest opportunity. News to me!

What a load of clap trap. I suspect banks that haven't taken
the Queens shilling may tell him to stick it, at rightly so. If he had
any guts, he'd make this law, but he knows that his tax take would vanish
and another of his tax 'forecasts' would come crashing down.

Gordon Brown has increased the volume of tax legislation five fold
since 1997 and since they can't get it right they're relying on
'spirit of the law' arguments. What a shambles.

[nuffsaid]

Hi all ..

i was with MP 06-08 .. received letters etc but no closure notice as yet

quick question..apologies am a little confused..:O(

whats the real benefit of buying CTD's??


keep up the good work


funjim

Hi funjim, firstly welcome to the forum.

Have a read of the first post on this thread. Donkey Rhubarb's has placed a few links on key information, including CTD's.
The links should explain the details, but in a nutshell, if you have the cash and it's just sitting there not earning you much income then it may be worth getting a CTD.

[DonkeyRhubarb]

but in a nutshell, if you have the cash and it's just sitting there not earning you much income then it may be worth getting a CTD.

In some ways, getting a CTD now is a bit like shutting the stable door after the horse has bolted. If you were in the scheme in the early years then, with the benefit of hindsight, the time to have got a CTD would have been when HMRC were charging up to 8.5%.

Currently the rate for late payment is only 2.5%. You can beat this in a savings account (eg. Intelligent Finance isaver account paying 2.85%), although obviously not if you are a 40% taxpayer.

[SantaClaus]

Reading the proposed 'code of conduct' ...

"..The Code does not replace any existing approach to tax avoidance and does not mean that the Government will not act quickly to shut down avoidance activity at the earliest opportunity."

So the current policy is to move at the earliest opportunity. News to me!

What a load of clap trap. I suspect banks that haven't taken
the Queens shilling may tell him to stick it, at rightly so. If he had
any guts, he'd make this law, but he knows that his tax take would vanish
and another of his tax 'forecasts' would come crashing down.

Gordon Brown has increased the volume of tax legislation five fold
since 1997 and since they can't get it right they're relying on
'spirit of the law' arguments. What a shambles.

Yep, typical New Lie rhetoric.

The sooner these b*llsh*tters are kicked out, the better.

[StellaFan]

HMRC will furiously be typing in "Donkey Rhubarb yacht" and "BrilloPad mansion" ready for the Judicial Review

Mr B surfs the net