Padmore - out of hand excluded or very much included ?
I could envisage an outcome where the retrospective aspect of BN66 is valid in clarifying Padmore but that Padmore does not apply to the MP scheme. He might therefore conclude that with the evidence presented him there is no breach of HR in regards to MP because its inclusion in BN66 doesn't apply.
That then does not rule out HMRC using retrospective action in future and removes many of the reasons for either side to appeal.
Could HMRC let the montpelier case quietly drop and report in their figures that they saved the uk taxpayer £xx amount from 2008 on - that will depend on their internal dicussions around the strengh of their case after this ruling.
It would however put Padmore right back in the thick of it.
I could envisage an outcome where the retrospective aspect of BN66 is valid in clarifying Padmore but that Padmore does not apply to the MP scheme. He might therefore conclude that with the evidence presented him there is no breach of HR in regards to MP because its inclusion in BN66 doesn't apply.
That then does not rule out HMRC using retrospective action in future and removes many of the reasons for either side to appeal.
Could HMRC let the montpelier case quietly drop and report in their figures that they saved the uk taxpayer £xx amount from 2008 on - that will depend on their internal dicussions around the strengh of their case after this ruling.
It would however put Padmore right back in the thick of it.
Comment