BN66 - Round 2 (Court of Appeal)

[DonkeyRhubarb]

whats the verdict on these ? are they under investigation anywhere ?
In conversation with one of the companies running one, they assured me that they were not being investigated and were safe.

I think I've heard that line before somewhere.

I have heard that people on these schemes have started receiving enquiry notices.

[smalldog]

huh?

So how come we get retrospectively hit and everyone else seems to get a nice prospective piece of legislation and even a years grace to consider what they do about it!!!!! why are we being treated so ridiculously harshly??

http://www.contractoruk.com/news/004806.html

[DonkeyRhubarb]

So how come we get retrospectively hit and everyone else seems to get a nice prospective piece of legislation and even a years grace to consider what they do about it!!!!! why are we being treated so ridiculously harshly??

http://www.contractoruk.com/news/004806.html

That's a question I keep coming back to.

And I think the answer is very simple...

Because HMRC reckoned they could get away with it.

[johnnyguitar]

loan schemes

I have heard that people on these schemes have started receiving enquiry notices.

So, I almost jumped out of this when our ruling came down. After speaking to them, hearing their reassurances, and the fact that the difference between that and a LTD company would help me reduce this potential bill quicker, I decide to stay with it.
Have I made the wrong decision twice ? Is it popular opinion here that these should be avoided ?

[RockTheBoat]

So, I almost jumped out of this when our ruling came down. After speaking to them, hearing their reassurances, and the fact that the difference between that and a LTD company would help me reduce this potential bill quicker, I decide to stay with it.
Have I made the wrong decision twice ? Is it popular opinion here that these should be avoided ?

Well im still in one, but now thinking its time to go the Ltd route

[Boycie]

Well im still in one, but now thinking its time to go the Ltd route

Why go Ltd now? You may as well wait until April next year - he's given you a full year's warning. I'm considering whether to switch to one from a Ltd!!

[smalldog]

That's a question I keep coming back to.

And I think the answer is very simple...

Because HMRC reckoned they could get away with it.

Surely that is an argument our legal team can use. How can there be one rule for them and one for us? Doesnt there have to be one rule for all, either the government make everyone retrospective in supposed avoidance cases, or give everyone one year to get their house in order and then impose prospective legislation.

[RockTheBoat]

Why go Ltd now? You may as well wait until April next year - he's given you a full year's warning. I'm considering whether to switch to one from a Ltd!!

true. actually wonder what MontP's take on this will be and if they have a scheme number 3 waiting in the wings to take over?

[johnnyguitar]

Well im still in one, but now thinking its time to go the Ltd route

I was thinking of going LTD but with the BN66 fiasco and a potentially large bill, I'm more encouraged to get every penny I can.
So HMRC actions are actually encouraging me to pursue avoidance schemes.
I went to MonP because of the uncertain-ess of IR35.

When will they learn ?
I just want a method of operating that is fair, clear and certain.
LTD companies still carry the spectre of IR35 investigations with them.

[johnnyguitar]

Why go Ltd now? You may as well wait until April next year - he's given you a full year's warning. I'm considering whether to switch to one from a Ltd!!

because they might go the retrospective route ? especially if they win our case beforehand.