BN66 - JR Judgement Day

[smalldog]

CN's

I also dont understand how I can be charged back interest for CN's only produced in the last couple of years, it doesnt make sense...there is one thing saying S58 stands, its another saying oh and the bills we hadnt sent you until three years ago have interest applied based on legislation that wasnt passed until 2008. how the hell does that work??? surely the interest clock only started running from the point the CN's are issued??

[Cantthinkof1]

Interesting point smalldog! - Just what my wife was saying! - I have had NO CN's issued yet, so is the interest still clocking up in my case!!!

[bananarepublic]

I also dont understand how I can be charged back interest for CN's only produced in the last couple of years, it doesnt make sense...there is one thing saying S58 stands, its another saying oh and the bills we hadnt sent you until three years ago have interest applied based on legislation that wasnt passed until 2008. how the hell does that work??? surely the interest clock only started running from the point the CN's are issued??

Its quite simple. All the CN's are doing is restating your original tax returns. Interest is then accrued as if payment has been outstanding since when the money would have been due if the tax was paid originally. I don't have a problem with this principle - I just have a problem with retrospective tax.

[DonkeyRhubarb]

Also was it not the CN's that triggered the requirement for a JR not the passing of s.58 as part of the Finance Act?

Yes, but I can understand why Montpelier didn't want to take any chances. If you recall, HMRC even tried to get our oral application turned down on the basis that the application was 1 day over the 3 months since s58 came into force.

To be honest, I don't think it would have affected the outcome no matter who they'd picked.

[DonkeyRhubarb]

Interesting point smalldog! - Just what my wife was saying! - I have had NO CN's issued yet, so is the interest still clocking up in my case!!!

Unfortunately, yes. Assuming you eventually get CNs, interest will be charged from the point the tax was due.

[smalldog]

Unfortunately, yes. Assuming you eventually get CNs, interest will be charged from the point the tax was due.

but if u never received a bill, i.e. the CN you didnt know you had a debt in the first place....that really doesnt make sense to me.....but then Im only joe public not HMRC

I can imagine me sending a bill to one of my contractors say six months later and charging them interest on monies from when they did the work for me rather than when they got the actual bill, thats the implication....what dya reckon my chances would be of getting them to pay it...they would tell me if I had sent the bill earlier they would have paid it so I can sing for the interest...

[DonkeyRhubarb]

Message to all lurkers

Please sign up and vote in the Poll at the top of the screen.

http://forums.contractoruk.com/register.php

You don't need to post on the forum, so you can remain in the shadows.

Thanks
DR

[seadog]

Pay your fair share of tax

Justice Parekr said we should all pay our "fair share of tax".

Of course there is no definition of a fair share but there is such a thing as the average amount of tax.

Lets take the total tax take, (all tax including NI corporation inheritance tax etc) that is just under £400,000 million.

Total adult population about 50 million.

To save you getting you calculator out that's about £8,000 per adult. Now that what I call a fair share.

Anything over is more than a fair share, wouldn't you say.

Well my annual contribution to the UK coffers is way way in excess of that. So how woul;d Justice Parekr answer that question.

[DonkeyRhubarb]

Job opportunities after bankruptcy

http://www.thesun.co.uk/scotsol/home...-Bowering.html

[PlaneSailing]

http://www.thesun.co.uk/scotsol/home...-Bowering.html

So this is all a ruse to get some decent contractors in to fix
their ropey systems !

Genius