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BN66 - JR Judgement Day

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    Originally posted by nuffsaid View Post
    Also, anyone know if the Closure Notices included NI?
    Think so yes. And they didn't take into account any NI already paid (e.g. from employment income), so you may end up getting charged two lots. When I asked HMRC about this they said I would have to claim it back from the contribution agency.
    Last edited by bananarepublic; 29 January 2010, 15:05.

    Comment


      Originally posted by DonkeyRhubarb View Post
      And sorry to disappoint HMRC.

      I'm not going anywhere. I'm in it to the bitter end now.
      Even though I am completely deflated and cannot see the wood through the trees I will stick with it.

      However this is only because I have a CTD that covers large % of my liability. If I did not have this I would be inclined to speak with HMRC and try and settle. Only because if this does go on for a lot longer (years) and we do lose, which I would think majority of us now believe is highly likely, the impact would be far greater and too much of a burden to carry.

      I feel like I am on a roulette table and have all my money on a single number, without the return.

      Comment


        Originally posted by smalldog View Post
        if you go to www.gateway.gov.uk if enables you to register for the government gateway and then get access to your online tax account. That shows what if anything you owe..

        and register for which service ?self assessemnt online ?

        Comment


          Originally posted by BolshieBastard View Post
          And good luck to those that want to fight on. But by the same token I know there are people who despite finding the learned judge's decision flawed, feel they no longer wish to follow that option.

          MTM must consider all options that people will want to hear. I for one hope their letter doesnt just say 'we continue.'

          Some people have a low 'exposure' to BN66 so settling to them even with interest is something they wish to consider.
          If you can afford to settle, why not just take out a CTD and forget about it? No further interest will accrue and it's sitting there ready to pay off your tax bill.

          Even paying on account is better than settling.

          Can anyone give me a good reason for settling, when there are other options available?

          Comment


            Originally posted by elpinar View Post
            and register for which service ?self assessemnt online ?
            yes

            Comment


              Originally posted by ContractIn View Post
              I feel like I am on a roulette table and have all my money on a single number, without the return.
              Even if the chance of winning is small, it's still a chance.

              Settling now would be like burning your lottery ticket before the draw.

              I really can't see any good argument for settling.

              1) if you haven't got the money it's not an option anyway

              2) if you've got the money then invest it, CTD or pay on account

              Remember Sods Law

              What's likely to happen if you settle?

              Comment


                Originally posted by DonkeyRhubarb View Post
                Even if the chance of winning is small, it's still a chance.

                Settling now would be like burning your lottery ticket before the draw.

                I really can't see any good argument for settling.

                1) if you haven't got the money it's not an option anyway

                2) if you've got the money then invest it, CTD or pay on account

                Remember Sods Law

                What's likely to happen if you settle?
                I'm not settling, but if I had my liability without any backup I would be inclined to speak with HMRC and see if there are options on starting to pay off. I would hate it in another year or two to have an even larger burden hanging over me. People talking of settling I know why they would consider this. All IMHO.

                I'm fortunate to have a CTD.

                Glad you are staying on board though.

                Cheers

                Comment


                  Originally posted by BolshieBastard View Post
                  And good luck to those that want to fight on. But by the same token I know there are people who despite finding the learned judge's decision flawed, feel they no longer wish to follow that option.

                  MTM must consider all options that people will want to hear. I for one hope their letter doesnt just say 'we continue.'
                  What else would it say? Why would Montpelier have any interest in any option other than advising us to continue with the fight? There really are only two options - either you fight all the way, or you settle now. If you decide to settle now then you have no further interest in Montpelier, and arguably they have no further interest in you.

                  Comment


                    Originally posted by DonkeyRhubarb View Post
                    If you can afford to settle, why not just take out a CTD and forget about it? No further interest will accrue and it's sitting there ready to pay off your tax bill.

                    Even paying on account is better than settling.

                    Can anyone give me a good reason for settling, when there are other options available?
                    im a little confused about the CTD route, it basically stops any more interest accureing , not the interest that has already been applyed, so in theory, its the same as putting it in a investment that would ofset that interest. So if i put my money in something i think will make me 20% over the next year, i will be better off than putting it into a CTD?
                    When is comes to the HMRC and Gordy. Im a fighter not a lover

                    Comment


                      Lets make sods law work in our favour.

                      Originally posted by DonkeyRhubarb View Post
                      Even if the chance of winning is small, it's still a chance.

                      Settling now would be like burning your lottery ticket before the draw.

                      I really can't see any good argument for settling.

                      1) if you haven't got the money it's not an option anyway

                      2) if you've got the money then invest it, CTD or pay on account

                      Remember Sods Law

                      What's likely to happen if you settle?
                      Tell you what, if we all club together and settle for someone who owes say 10k?.....

                      Comment

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