BN66 - Round 2 (Court of Appeal)

[SantaClaus]

It would be great, but if you think joe public gives a monkeys about what has happened to us I think you are very much mistaken. Putting our fate in the hands of the mob would be a very dubious decision!!! I would rather let the courts decide, not the court of public opinion as I know where we stand a better chance.

Of course Joe Public doesnt care about us, but they do care about business leaving the UK.

[bananarepublic]

Of course Joe Public doesnt care about us, but they do care about business leaving the UK.

I wonder whether enough people to matter really are bothered about it? Most people are on PAYE so the concept of business leaving because of uncertainty in the tax system is probably too abstract. Given that as a country we are living off the largesse largely of foreigners to the tune of £178,000,000,000 per year I don't think the reality has yet hit home that radical change is required.

As a country we are complacent and decadent and only a big disaster - e.g. a run on the pound or sovereign debt crisis - will shake the country out of its torpor. The clue to this is how Labour can still be on 30% in the polls. People are worried about spending cuts but the truth is that UK PLC is heading for the rocks and if they think a vote for Labour will save their cushy life funded by the state they are very much mistaken.

[seadog]

Recent report on tax "overpaid" by older taxpayers.

"Older people now make up 18% of all taxpayers, the report from the House of Commons Public Accounts Committee found, with many of these people receiving multiple sources of income.

However Her Majesty's Revenue and Custom and other tax authorities were ill-prepared to deal with such cases, it was discovered, both in terms of tax rules and levels of customer service.

The result is widespread overpayment of tax. For example, some 1.5 million older people have overpaid tax by £250 million because of the discrepancy between HMRC's records and those of their employers and pension providers.

A further 2.4 million older people have also overpaid around £200 million because they did not have their savings income paid gross of tax, while many more are believed to be failing to claim additional allowances.

I wonder if HMRC will apply the same vigour to give the tax back as they do to collect it from us.

[Doug1965]

I wonder if HMRC will apply the same vigour to give the tax back as they do to collect it from us.

The 'grey vote' is quite powerful, as a group they are more likely to vote than any other so they will probably get a refund promised before the election.

[smalldog]

still

HMRC still out of control obviously, they are in the news daily at the moment and actually two stories today!

http://news.bbc.co.uk/1/hi/business/8535895.stm

http://news.bbc.co.uk/1/hi/business/8535030.stm

[DonkeyRhubarb]

As a country we are complacent and decadent and only a big disaster - e.g. a run on the pound or sovereign debt crisis - will shake the country out of its torpor. The clue to this is how Labour can still be on 30% in the polls. People are worried about spending cuts but the truth is that UK PLC is heading for the rocks and if they think a vote for Labour will save their cushy life funded by the state they are very much mistaken.

On the plus side, anything we owe to HMRC might be worthless in a few years time.

[Downbeat]

Observation

On the upside the revenue have very much nailed their colours to one mast.
ie we are the goverment of the day and can do whatever we like.
I have faith that the legal process will result in a successful challenge to this belief. It seems crazy they can introduce retrospection and then attempt to apply interest charges to a perceived debt position.

I'm still hopeful but alas 'Downbeat'

[nuffsaid]

Another CTD question... sorry

My missus asked me last night "what would happen if we lost the CTD cetificate, or if we had a fire?".
I told her that the certificate itself does not hold the value, so we're okay.

But I must admit, it's playing on my mind now. So can someone confirm this?

[DonkeyRhubarb]

My missus asked me last night "what would happen if we lost the CTD cetificate, or if we had a fire?".
I told her that the certificate itself does not hold the value, so we're okay.

But I must admit, it's playing on my mind now. So can someone confirm this?

http://www.hmrc.gov.uk/payinghmrc/ce...-deposit.htm#9

[nuffsaid]

http://www.hmrc.gov.uk/payinghmrc/ce...-deposit.htm#9

Phew!

Thanks DR