BN66 - Court of Appeal and beyond

[TalkingCheese]

Has anyone else had an e-mail back from the Treasury Select committee this morning?

Regards
Fred

I havent, did you ? What did it say ?

[VictorValiant]

E-Mail from Treasury Committee

"Thank you for writing to the Treasury Committee. As you may have seen, Andrew Tyrie MP, Chairman of the Treasury Committee, made the following comments regarding retrospective taxation:

"Can retrospection be reconciled with the certainty a tax system needs in order to deliver an efficient economy? A simpler, more stable and fairer tax system is less likely to excite demands for retrospection.

"Any action the Government takes on this is likely to be something the Committee would want to look at as part of our study into the Budget."

The Chairman's comments were prompted by the actions HMRC took with regard to Barclays. This follows on from work the Committee previously undertook on the principles of tax policy.

I am sorry to hear about the distress caused to you by the changes introduced by Section 58 of the Finance Act 2008. I will ensure your concerns are drawn to the attention of the Members of the Committee. The Committee has not announced a specific inquiry into retrospective taxation but may look at this subject as part of its forthcoming work on the 2012 Budget. Your email will be useful background material to any work the Committee undertakes in this area.

Thank you for taking the trouble to write to the Committee."

[Disgusted of Coventry]

Treasury Committee Reply

Has anyone else had an e-mail back in response to their e-mail sent to the Treasury Select committee this morning?

Regards
Fred

Yes - it sounded quite encouraging - sensitive even!

[FredBasset]

I've no thoughts as to whether its useful or not at this stage but at least its a response. I can pay but pointed out that retrospective interest can never be considered fair.

Regards
Fred

[helen7]

My MP responded very quickly and has sent on his concerns directly to Lin Homer of HMRC.

[lucozade]

Putting my faith in those who know when things are wrong!

I wrote an email to the treasury committee last week and just received a response!

"Dear Mr XXXXXX

Thank you for writing to the Treasury Committee. As you may have seen, Andrew Tyrie MP, Chairman of the Treasury Committee, made the following comments regarding retrospective taxation:

“Can retrospection be reconciled with the certainty a tax system needs in order to deliver an efficient economy? A simpler, more stable and fairer tax system is less likely to excite demands for retrospection.

"Any action the Government takes on this is likely to be something the Committee would want to look at as part of our study into the Budget.”

The Chairman’s comments were prompted by the actions HMRC took with regard to Barclays. This follows on from work the Committee previously undertook on the principles of tax policy.

I am sorry to hear about the distress caused to you by the changes introduced by Section 58 of the Finance Act 2008. I will ensure your concerns are drawn to the attention of the Members of the Committee. The Committee has not announced a specific inquiry into retrospective taxation but may look at this subject as part of its forthcoming work on the 2012 Budget. Your email will be useful background material to any work the Committee undertakes in this area.

Thank you for taking the trouble to write to the Committee.

Yours sincerely

Phil Jones

Committee Assistant

Treasury Committee"

[Disgusted of Coventry]

I've no thoughts as to whether its useful or not at this stage but at least its a response. I can pay but pointed out that retrospective interest can never be considered fair.

Regards
Fred

But it makes a refreshing change from "it's in the hands of the Courts".

[TalkingCheese]

Has anyone else had an e-mail back in response to their e-mail sent to the Treasury Select committee this morning?

Regards
Fred

Yup, got mine now. At least it has their attention. Here's hoping ! The more irons that are in the fire...

[nevergiveup]

"Thank you for writing to the Treasury Committee. As you may have seen, Andrew Tyrie MP, Chairman of the Treasury Committee, made the following comments regarding retrospective taxation:

"Can retrospection be reconciled with the certainty a tax system needs in order to deliver an efficient economy? A simpler, more stable and fairer tax system is less likely to excite demands for retrospection.

"Any action the Government takes on this is likely to be something the Committee would want to look at as part of our study into the Budget."

The Chairman's comments were prompted by the actions HMRC took with regard to Barclays. This follows on from work the Committee previously undertook on the principles of tax policy.

I am sorry to hear about the distress caused to you by the changes introduced by Section 58 of the Finance Act 2008. I will ensure your concerns are drawn to the attention of the Members of the Committee. The Committee has not announced a specific inquiry into retrospective taxation but may look at this subject as part of its forthcoming work on the 2012 Budget. Your email will be useful background material to any work the Committee undertakes in this area.

Thank you for taking the trouble to write to the Committee."

Just had the same response.

[warlord]

Just received my reply from Treasury Committee

same - copy and paste job....
Its something I guess