BN66 - Court of Appeal and beyond

[Dieselpower]

Daily Torygraph

Government forced to scrap tax evasion measures - Telegraph

anyone seen this?

Interesting - but for us seems too late. But it indicates government sentiment.

[JaredM]

Government forced to scrap tax evasion measures - Telegraph

anyone seen this?

Interesting - but for us seems too late. But it indicates government sentiment.

I found this sentence most interesting:

The Government wanted to introduce rules to prevent the system being used for tax evasion.

Since tax evasion is by definition against the law, why would new laws be needed to prevent it? Perhaps they've muddled evasion and avoidance again.

[BrilloPad]

I'm pretty confident our's and PwC's applications will be accepted by the Supreme Court. My best guess at timescales would be:

January 2012 - Permission granted
June - Court hearing
November - Decision

Many thanks for that.

[mossman]

Tax Certificate

OK so we're in it for another year+. That's fine by me, but I'm a bit p'd off that I bought a tax certificate. I bought it when banks were going down like nine pins and interest rates were virtually non-existent. I figured that a tax cert was the safest place for my money.

Now banks are looking more secure and I could definitely get a rate that beats the rate that hector would be slapping on to my alleged debt. My wife is a non-tax-payer so if the money is held in her name we get the interest gross (I was only in the scheme for a couple of years so the sum involved is not enough to generate interest that will take her anywhere near the tax limit).

My question is, if I get the money out of tax deposit and store it in a savings account, and if we eventually lose at the SC, will hector suspend interest for the years that they held the money on deposit, or will they charge me interest all the way through as though I never had a tax certificate in the first place?

[DonkeyRhubarb]

My question is, if I get the money out of tax deposit and store it in a savings account, and if we eventually lose at the SC, will hector suspend interest for the years that they held the money on deposit, or will they charge me interest all the way through as though I never had a tax certificate in the first place?

The latter. If you cash it in you lose any benefit from ever having it.

Once you buy a CTD you're pretty much stuck with it.

[Emigre]

I found this sentence most interesting:


Since tax evasion is by definition against the law, why would new laws be needed to prevent it? Perhaps they've muddled evasion and avoidance again.

This reminds me of s58. If Padmore said what they claim it always said then why was there any need to "clarify" it? Oh, but of course, they didn't clarify it did they? They simply changed the meaning that it always had and called it clarification. Doubtless the OED will catch up in due course.

[weetbix]

Notice recieved from IRD

Hi,
I recieved a "Self Assessment - Late Payment: Surcharge Notice" letter in the post for my April 2003 tax year claiming 2 lots of a 5% surcharge on I assume the amount I owe.

It says for:

Section 59C(2) unpaid tax
Section 59C(3) unpaid tax

Anyone else had one of these?.

Not sure who the best person to email this notice at MTM is?,

any help much appreciated

Cheers

[DonkeyRhubarb]

Hi,
I recieved a "Self Assessment - Late Payment: Surcharge Notice" letter in the post for my April 2003 tax year claiming 2 lots of a 5% surcharge on I assume the amount I owe.

It says for:

Section 59C(2) unpaid tax
Section 59C(3) unpaid tax

Anyone else had one of these?.

Not sure who the best person to email this notice at MTM is?,

any help much appreciated

Cheers

I have sent you a PM.

[weetbix]

I have sent you a PM.

Thanks, Have scanned and sent it off.

[Emigre]

Legal Tax Avoidance

I guess the inclusion of the word "legal" in this article was just a clarification...

50p tax rate 'costing Treasury £500m' - Telegraph

Every piece of news that comes out about tax endorses the sense that as a group we have simply been picked on.