Originally posted by d000hg
View Post
What is it they say about "assume"? It makes an ass out of u and me.
JOURNALS OF ROBERT MAAS
"Thirdly, the Westminster 18 seem to want to protect a weird minority of people. Even if the Chancellor were to accept their plea (which he clearly won’t) it would take out of tax (for years up to 2007/08 only) those who entered into this tax avoidance scheme and who have not yet agreed their tax assessments for that year. It would not help those who entered into the scheme and have agreed assessments, as those assessments cannot now be re-opened. Nor would it take out those who have conceded defeat and paid their tax. That surely leaves a very tiny minority of the users of the scheme. I imagine that HMRC will have written to those with un-agreed tax affairs in around July 2008 asking them to agree the assessment. It is almost inconceivable that five years later HMRC have not taken such people to the tax appeals Tribunal. Accordingly the people who the Westminster 18 seem to want to help are likely to be those who HMRC did not know about, and after FA 2008, was passed chose not to amend their tax returns to reflect section 58 or even to tell HMRC that their earlier returns were wrong. There is a good argument that a person who knows that a change in the law has rendered an earlier tax return incorrect and does not tell HMRC about it, is committing tax fraud. So it seems to be evaders, not avoiders, that the Westminster 18 wish to benefit."
Comment