BN66 - JR Judgement Day

[WhatEver]

TSBT - Have a great break , like many others, your posts, views, insights are always welcome.

2500 votes aren't going to interest the Tories as it's a slam dunk anyway. BUT, perhaps 2500 small 'donations' would be welcomed just before the election and have more value than the votes???

I for one would happily contribute if it helped any future finance bills.. wishful thinking on my part

[DonkeyRhubarb]

Ah - so the interest isn't compounded.
Sorry - I'm sure this must have been covered before, in the depth of 3000+ posts!

Indeed. This is a crucial point that most people miss.

It is simple interest on the tax liability. (There is no interest on interest.)

[normalbloke]

I've picked this from point 83 of the judgement:
In my view, even if the arrangements indisputably worked under the DTA and the legislation then applicable, taxpayers could reasonably have expected that Parliament would respond in a way that ensured fairness generally between all taxpayers resident in the UK, and that maintained the relevant public policy

So basically he's saying even if you are a member of a legal scheme, you have got to also expect Parliament to decide on some subjective interpretation of whats 'fair'. We also meant to be aware of 'relevant public policy'. So keeping within the law certainly isn't going to stop you getting shafted. And getting shafted years later. It beggars belief.

'Fairness' is a weasel word, and used in different ways by different people. For a Judge, surely he should put more emphasis on the legalities and not the morals.

[WhatEver]

Indeed. This is a crucial point that most people miss.

It is simple interest on the tax liability. (There is no interest on interest.)

until they change that retrospectively

[DonkeyRhubarb]

HMRC think it's all over

But it's not by a long way. We are barely 10 minutes into the first half.

Montpelier will appeal.

PwC are in court in March.

KPMG have applied to Europe.

And so long as there are people to fight for, I'll never stop.

[TaxDude]

We should organise

I want to put forward a suggestion that we form a committee to represent the users of this scheme and all those affected. The key output will be a website (www.fight bn66.org?) and this will allow us to put all valuable references in a single place to argue our case. It will also allow us to issue Press Statements for the community and get our point across and lobby the various groups (or politicians)
Other benefits of this committee looking after our interests are:
1. In case we lose, we have a central body to represent us at negotiations with HMRC- looking at interest owing, payment terms etc
2. In case MP go bust, give up the fight, we can see it through to conclusion
The forum has been great, but we now need to take it to the next level. I think we need this !
Anybody support this ?
PLEASE DONT IGNORE THIS POST

[Tax_shouldnt_be_taxing]

I've picked this from point 83 of the judgement:
In my view, even if the arrangements indisputably worked under the DTA and the legislation then applicable, taxpayers could reasonably have expected that Parliament would respond in a way that ensured fairness generally between all taxpayers resident in the UK, and that maintained the relevant public policy

So basically he's saying even if you are a member of a legal scheme, you have got to also expect Parliament to decide on some subjective interpretation of whats 'fair'. We also meant to be aware of 'relevant public policy'. So keeping within the law certainly isn't going to stop you getting shafted. And getting shafted years later. It beggars belief.

'Fairness' is a weasel word, and used in different ways by different people. For a Judge, surely he should put more emphasis on the legalities and not the morals.

Indeed we should expect Parliament would respond in a way that ensured fairness. It's called prospective legislation. I remember the Rees Rules stating that. Odd that the judge made no reference to this corner stone of legislative policy that gave guidance to Parliament for decades nor when it changed. Sorry, I forgot. It changed yesterday...

[doublebubble]

http://www.montpeliergroup.com/

From its headquarters in the Isle of Man The Montpelier Group is a world leader in the provision of composite financial services focusing on the two key demands of private clients namely independent investment and financial advice and tax planning. These key activities are supported by in house Chartered Accountancy, a mortgage division and trustee services.

Operating through 52 offices in over 20 countries with over 700 staff Montpelier prides itself on being a truly independent supplier of financial services with no external influence over the advice given to clients.

We are truly innovative in our service and product offerings encapsulated in the Montpelier vision of " think smart- act smart "

Lets hope they are right

[Tax_shouldnt_be_taxing]

I want to put forward a suggestion that we form a committee to represent the users of this scheme and all those affected. The key output will be a website (www.fight bn66.org?) and this will allow us to put all valuable references in a single place to argue our case. It will also allow us to issue Press Statements for the community and get our point across and lobby the various groups (or politicians)
Other benefits of this committee looking after our interests are:
1. In case we lose, we have a central body to represent us at negotiations with HMRC- looking at interest owing, payment terms etc
2. In case MP go bust, give up the fight, we can see it through to conclusion
The forum has been great, but we now need to take it to the next level. I think we need this !
Anybody support this ?
PLEASE DONT IGNORE THIS POST

The game's afoot my dear TaxDude.

[Tuntun]

Anyone reckon it's worth getting the FSB involved? I've been a member for a few years and one of their strenghts (besides legal advice) is their lobbying power.