BN66 - JR Judgement Day

[DonkeyRhubarb]

Sweden, Poland, Hungary

http://www.webberwentzel.com/wwb/vie...9150&sn=Detail

For this reason, countries such as Sweden have extended their constitutional prohibitions against retrospective legislation to taxation, while other countries such as Poland and Hungary have concluded that retrospective tax legislation violates the basic human rights guaranteed by their constitutions

However...

A similar antipathy toward retrospective legislation also runs deep in the United Kingdom.

Not anymore it doesn't!!!

[DonkeyRhubarb]

Tax body warns on use of retrospection

http://www.shout99.com/contractors/s...id=66431;n=250

[Buzby]

UK Film tax loophole

Read this over the w/e:

http://www.dailymail.co.uk/news/arti...-loophole.html

basically a loophole allowed investors to avoid some tax. HMRC then closed the schemes in 2005, but are now investigating back to 2003.

sounds familiar.

[johnnyguitar]

has anyone been intouch with the Chartered Institute of Taxation (John Whiting)?
This is not the first time they've commented on the issue. Can they lend any weight in lobbying MPs/parliament ?

[portseven]

Whats the deal with the chap over at 'HMRC IS tulipE'???

Seems to be a one-man anti-HMRC campaign and has had some press coverage. Would he help our plight by raising the issue?

Some interesting articles on his website, inc 'how to survive a HMRC investigation'

[johnnyguitar]

Read this over the w/e:

http://www.dailymail.co.uk/news/arti...-loophole.html

basically a loophole allowed investors to avoid some tax. HMRC then closed the schemes in 2005, but are now investigating back to 2003.

sounds familiar.

Notice the 'anti-avoidance' comments below the article though - if anyone was ever indoubt as to the 'support's we would receive from the joe-public if we approached the media.
Butthe more schemes they attack like this, the better, in my view. Maybe someone big enough (by that I mean a big-hitting labour supporter) will put a stop to the retrospective crusade.

[DonkeyRhubarb]

has anyone been intouch with the Chartered Institute of Taxation (John Whiting)?
This is not the first time they've commented on the issue. Can they lend any weight in lobbying MPs/parliament ?

Yes, I've exchanged several emails with him.

He worked at PwC up until about a year ago, and had some involvement in their JR during the early days.

I've tried to engage the CIOT more recently but they showed little interest. I guess they see it as a matter for the courts to decide now.

[nuffsaid]

http://www.shout99.com/contractors/s...id=66431;n=250

it must not dislodge the principle that the taxpayer is taxed on the wording of the legislation in place at the time of their actions. We are taxed on what legislation says, not what HMRC thinks it says.

So far the only people that don't agree with this statement is Parker (our Judge), NorthernSoul (our Jury), and Mal (the Executioner).

[malvolio]

Oi! I most certainly do not disagree with that principle. All I said was how I thought the case would be argued and which view was likely to prevail.

FTAOD I don't like and won't use an offshore scheme of any flavour for all sorts of reasons, but that's just me. That does not mean I won't defend your right to do so, nor for your right to fair and just treatment in accordance with the law. Some people need to get their fingers out of their ears and learn to read.

[smalldog]

Oi! I most certainly do not disagree with that principle. All I said was how I thought the case would be argued and which view was likely to prevail.

FTAOD I don't like and won't use an offshore scheme of any flavour for all sorts of reasons, but that's just me. That does not mean I won't defend your right to do so, nor for your right to fair and just treatment in accordance with the law. Some people need to get their fingers out of their ears and learn to read.

thought we were going to skip personal slurs and insults as per your note last night? implying someone is illiterate is hardly friendly is it