No To Retro Tax – Campaign Against Section 58 Finance Act 2008

[BrilloPad]

If you receive anything from Gauke or HMRC can you forward it on to - info @ notoretrotax.org.uk

They aren't using a single template so we need to examine each letter very carefully.

Thanks
DR

I received some nonsense from my MP a month ago. He was on the finance committee(Labour) that approved this nonsense in 2008 so he ought to be obliged to sort this out. I have only just got over my anger at the letter. I will forward onto the email tonight.

[PlaneSailing]

Go the EDM

Great news on the early day motion. It keeps mp's watching which is good.

Also, going back a few days, did Hector complain about disclosure being inadequate? What utter rubbish! Every penny I earned was declared in my SA form. They had five years of 'investigation' to ask me questions. Not once did they contact me regarding my forms until they brought in S58.

What exactly were they 'investigating'?

[DonkeyRhubarb]

Also, going back a few days, did Hector complain about disclosure being inadequate? What utter rubbish! Every penny I earned was declared in my SA form.

It's just more spin to cover up their own inadequacies.

[BrilloPad]

I was chatting to someone in the know earlier - my estimate of 2015 might well be wildly optimistic. 2020 is way more likely!

Which I think is good as it gives ECHR a chance. And a chance for inflation to erode the debt. And I believe we are going to see inflation levels of the 1970s.

[travellingknob]

I was chatting to someone in the know earlier - my estimate of 2015 might well be wildly optimistic. 2020 is way more likely!

Which I think is good as it gives ECHR a chance. And a chance for inflation to erode the debt. And I believe we are going to see inflation levels of the 1970s.

I agree we're likely to see run away inflation by 2020 but unfortunataly that wont erode the debt since hmrc charge 3% interest above base which tends to also go up as inflation does (except when BoE is manipulating markets of course). Still I doubt this has that long to run, i give it 2 years

[DonkeyRhubarb]

Still I doubt this has that long to run, i give it 2 years

If you're making plans then 2 years is a fairly conservative bet but I suspect it will drag on longer than that. There is a large backlog in the tax courts, so it could be a long while before the case even gets heard.

[BrilloPad]

I agree we're likely to see run away inflation by 2020 but unfortunataly that wont erode the debt since hmrc charge 3% interest above base which tends to also go up as inflation does (except when BoE is manipulating markets of course). Still I doubt this has that long to run, i give it 2 years

Probably a discussion to be had in general - but in the 1970s inflation did erode debt. Its default by stealth. The ones with most to gain are the government as they have the most debt.

If you're making plans then 2 years is a fairly conservative bet but I suspect it will drag on longer than that. There is a large backlog in the tax courts, so it could be a long while before the case even gets heard.

+1
Sounds like you have heard what I have heard. But you put it so much more tactfully than me.

[TalkingCheese]

Probably a discussion to be had in general - but in the 1970s inflation did erode debt. Its default by stealth. The ones with most to gain are the government as they have the most debt.



+1
Sounds like you have heard what I have heard. But you put it so much more tactfully than me.

Sounds like a CTD may be worth while at this stage after all ?

[WelshRarebit]

Sounds like a CTD may be worth while at this stage after all ?

That's just what I was thinking TC

[BrilloPad]

Sounds like a CTD may be worth while at this stage after all ?

For those with the option then great. Lots of us on here with no money facing bankruptcy.