I received a letter today from Montpelier through the post - a debriefing following the CoA - anyone else receive this?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
BN66 - Court of Appeal and beyond
Collapse
This topic is closed.
X
X
Collapse
Topic is closed
-
-
Originally posted by MuddyFunster View PostUnfortunately, I wouldn't feel quite so comfortable if I were you. OECD Article 27 'Assistance in the collection of taxes' means that HMRC can ask a foreign government to collect taxes from a UK citizen who owes taxes and has moved abroad. Not sure if Switzerland has an agreement with the UK on this. Not all countries do. You'd have to check. Most EU countries do and common wealth countries, AFAIK.
HMRC tentacles go everywhere
Governments are always forming new agreements with countries, especially those that they trade with.
What might be a safe country today, may be a country that co-operates with the UK in the future.'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
-
Originally posted by MuddyFunster View PostUnfortunately, I wouldn't feel quite so comfortable if I were you. OECD Article 27 'Assistance in the collection of taxes' means that HMRC can ask a foreign government to collect taxes from a UK citizen who owes taxes and has moved abroad. Not sure if Switzerland has an agreement with the UK on this. Not all countries do. You'd have to check. Most EU countries do and common wealth countries, AFAIK.
HMRC tentacles go everywhere
Now this was a chat over a pint I must add here but I asked about collection overseas and he said while the have DTA with most countries he thought they only had collection agreements with 2 countries, namely Norway and New Zealand (I guess they like 'N's).
I'd be interested if anyone knows for sure if this is the case.
BTW I'm not advocating doing a bunk with this!Comment
-
Originally posted by Fireship View PostI've read my agreement and my 4% is only due should we lose..... That's why I've not repayed any of the 4% loan to MP to date, nor have they requested that I do so....
I'm guessing you also haven't bothered to check what agreements others have in place!!
Oh and another thing, you're wrong about MP sitting on a big pile of cash, but I'm guessing you still haven't bothered to do and DD hence the ill informed nonsense continues to flow.....Comment
-
Comment
-
Gutted
“Like everyone else I was gutted on Monday morning. As I don’t have means to pay I’m now just hoping to hang onto my house until the SC rules although I can’t see on what grounds MP will go forward with. All the arguments put forward were totally shot down by the judges. Has anyone heard how the Steed / KPMG case is going? And is it right that if they are successful then we can join forces with them?”Comment
-
Originally posted by DonkeyRhubarb View PostBe careful very what you say on here.
HMRC have been known to monitor the forum in the past.
Hell, they even quoted the donkey in court. Neeeeeiighhhhh!'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
-
its too soon to take any action againt MP and is only appropriate if and when they lose and pull down the shutters. As has already been said any legal action launched against them while this still continues would detract precious resources they could better use towards fighting HMRC.
Its something to bear in mind maybe for the future but not yet IMHOComment
-
Question
Quick question:
Our house is in joint ownership and I’d like to protect it against bankruptcy should the worse happen (though I’ve no idea how I’ll continue to pay the mortgage with no job or future!!). I understand that HMRC can only come after my half however that in itself would involve a forced sale in order to release my half of the equity.
Any ideas how I would go about transferring it into my wife’s name in such a away that HMRC couldn’t touch it?? I understand that simply transferring assets isn’t possible as HMRC can still come after them as the transfer occurred during a period where a perceived debt was under dispute and as such would be regarded as attempting to falsely reduce ones net worth…. However could my wife legally buy me out at current market value?? That way the house would be hers and HMRC would then target the proceeds of the sale rather than the house??
I’m not intending to find myself in such a position but it’s better to research all options now in order to be prepared! If I lose everything including the shirt off my back then I’d rather it be in a way I have some control over and leaves my children in familiar surroundings to sleep at night.Comment
-
Originally posted by Fireship View PostQuick question:
Our house is in joint ownership and I’d like to protect it against bankruptcy should the worse happen (though I’ve no idea how I’ll continue to pay the mortgage with no job or future!!). I understand that HMRC can only come after my half however that in itself would involve a forced sale in order to release my half of the equity.
Any ideas how I would go about transferring it into my wife’s name in such a away that HMRC couldn’t touch it?? I understand that simply transferring assets isn’t possible as HMRC can still come after them as the transfer occurred during a period where a perceived debt was under dispute and as such would be regarded as attempting to falsely reduce ones net worth…. However could my wife legally buy me out at current market value?? That way the house would be hers and HMRC would then target the proceeds of the sale rather than the house??
I’m not intending to find myself in such a position but it’s better to research all options now in order to be prepared! If I lose everything including the shirt off my back then I’d rather it be in a way I have some control over and leaves my children in familiar surroundings to sleep at night.
Good LuckComment
Topic is closed
Partners
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment