BN66 - JR Judgement Day

[TopBanana]

How hard can they pursue you?

I don't own a house or have enough money to pay everything they would want from me. Will I spend the rest of my life paying the money back?

[johnnyguitar]

What do people feel the role of this forum should be going forward?

Whilst the JR was a blow to morale, I think all of us who attended were reassured that Montpelier has hired an excellent legal team. Is it now time to just let them get on with it?

The following timelines in the Arctic Systems case give us an indication of how long our case could take to reach a conclusion. Our's could take even longer because it could end up in Europe and there are other parties challenging the legislation (PwC, KPMG).

http://www.accountancyage.com/accoun...ms-geoff-diana

Obviously we are all hoping for the best, but this does at least give us time to plan for the worst.

Personally, I am not sure how much more we as a group can do to influence the outcome. And there is even a risk that our actions could be counter-productive.

Where I do see a need for action is in countering any attempts by HMRC to bully us or try and pick us off one by one.

One of the specific duties of Members of Parliament is to take up complaints against HMRC on behalf of their constituents. We should not hesitate to involve MPs if HMRC try anything underhand while our case is still under appeal.

I can understand some people's desire for closure but my understanding is if you settle now it will be final and irrevocable. There will be no redress if we ultimately win the case. IMHO, this is not a decision to be taken lightly. I think it is highly unlikely that you would receive much in the way of
concessions now that HMRC have the upper hand.

Thoughts?

I, for one, would like to 'wean' myself off this forum for a bit as I seem to have quite an unhealthy obession with it at the moment
But it does provide a valuable source of information, more up to date than the letters form Montpelier, and if only to explain what their letters mean sometimes!
And it is very comforting to be able to converse with people in the same situation and have that sounding-board to help with plans, ideas etc

So, I definitely need this to keep going, but will try to limit my use in order to restore my life to some kind of normality. I will put my savings plans into place and just wait.

I do feel that another round of letter writing could help us when the appeal comes - but when to do it ? - now? or nearer to the actual appeal ?
Should we be trying to leverage more potentialy concerened parties such as tax planners, institues, large tax xonsultancies etc as well as the MPs ?

[ASB]

NO it doesn't !! another piece of stealth tax !!! start paying and they have you by the short and curlies and won't stop until they have the last ounce of blood from you.

You can't be deal or be reasonable with the un-reasonable.

If the scheme doesn't work then the CN relates to TAX. They may choose to add an NI determination. However it is different (but similar) wording in the relevant acts. It is in fact entirely possible that the scheme may work for NI but not TAX, both, neither. (Though if it does turn out the scheme fails from a tax perspective and that income is assessed under S/E income it would be difficult to see NI provisions not applying).

Ask yourself this question:-

What single question was the JR determining ?

I think there seems to be a general thought that the judgement relates to a different question rather than the one affected people seem to think was answered. Of course I could be completely off beam and it answered a different question to the one I think it did.

[elpinar]

[QUOTE=DonkeyRhubarb;1060821]Yes. Minimum initial deposit is £500. Minimum follow on payments are £250.

However...

If you haven't got any savings then you could take advantage of tax-free cash ISAs.

There is a table of cash ISA rates here:
http://moneyfacts.co.uk/compare/savi...nts/cash-isas/


there is also one with the leeds that is fixed rate for 5 years at about 4.5 % - its withdrawal penatly is nothing on 25% of the money and 180 days of interest on the rest - so, on the basis they are paying twice as much as most others, as long as it is there for about a year you are quids in

[warlord]

Letter to my MP (SantaClaus Letter)

Just wriiten to my MP - Nick Gibb - Shadow Minister for Schools

Interestingly He was formerly a Chartered Accountant specialising in corporate taxation with KPMG.

See what come back......???

[portseven]

DeGraff

Just spoke to DeGraff, they were expecting to have an update out on Friday but there is just some final tweaks and they are expecting to have it out very soon.

[helen7]

What do people feel the role of this forum should be going forward?

Whilst the JR was a blow to morale, I think all of us who attended were reassured that Montpelier has hired an excellent legal team. Is it now time to just let them get on with it?

I think we need a website with

1. Regular News updates
2. A full history of events
3. Examples of letters that people may receive and advice
4. Guide to getting a CTD
5. Encouragement as to why we should continue the fight
6. Press Page - Clear, concise and factual bullit point information.
7. A calandar of upcoming events and milestones
8. A discussion forum with clear guidelines on what should not be posted in public.

What we don't want

1. people discussing the case, giving the revenue a heads up on our potential defense.
2. Forums members abusing other users for having an objective or negative opinion (good riddance BP)

[Doug1965]

I've contacted my MP (Villiers, Con)

Will let you all know what happens next.

[lucozade]

What do people feel the role of this forum should be going forward?

Whilst the JR was a blow to morale, I think all of us who attended were reassured that Montpelier has hired an excellent legal team. Is it now time to just let them get on with it?

The following timelines in the Arctic Systems case give us an indication of how long our case could take to reach a conclusion. Our's could take even longer because it could end up in Europe and there are other parties challenging the legislation (PwC, KPMG).

http://www.accountancyage.com/accoun...ms-geoff-diana

Obviously we are all hoping for the best, but this does at least give us time to plan for the worst.

Personally, I am not sure how much more we as a group can do to influence the outcome. And there is even a risk that our actions could be counter-productive.

Where I do see a need for action is in countering any attempts by HMRC to bully us or try and pick us off one by one.

One of the specific duties of Members of Parliament is to take up complaints against HMRC on behalf of their constituents. We should not hesitate to involve MPs if HMRC try anything underhand while our case is still under appeal.

I can understand some people's desire for closure but my understanding is if you settle now it will be final and irrevocable. There will be no redress if we ultimately win the case. IMHO, this is not a decision to be taken lightly. I think it is highly unlikely that you would receive much in the way of
concessions now that HMRC have the upper hand.

Thoughts?

Personally I don't know which way to turn at present.

I'm looking at it from a "protection" and "mitigation" viewpoint.

For one I want to protect my family against any attacks that are likely to come our way now and in the future whilst the case is unresolved. And also reconsider how I run my business, i.e. via a scheme or not.

I also want to mitigate against the case going against us and for that reason need to look at how much funds to put away and where to put them!

Life must go on for everyone but for me I have to be able to get sleep at night !

[portseven]

I do think we need to maintain an online presence, for the sanity of the thousands of lurkers, and people who need to know what is happening.

Over the next few weeks and months as HMRC get heavy handed on their back of their breif victory, this will become even more important.

Going forward, we need a place to rally. I also think there probably needs to be some private communication between core members of the fight, where they can discuss options, which can then be tailored for the wider audience (inc HMRC!).

Keep the online presence, either here or elsewhere, it doesn't matter.