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

[flamel]

Don't worry though - the Chancellor has to publish a report after 6 months detailing to parliament the financial devastation and hardship caused to thousands of families.

So we'll all be OK then.

[jeanvaljean]

Be afraid

Looks like Tax Avoidance is becoming Tax Abuse..

“(5) “Tax abuse” means any arrangement that, having regard to all the circumstances,
it would be reasonable to conclude is an arrangement that has no business, social
or other purpose other than the obtaining of a tax advantage.”

and then go back 20 Years
“(5A) Proceedings in a case involving a loss of tax attributable to
arrangements which were expected to give rise to a tax
advantage in respect of which a person liable for the tax was
under an obligation to make a report under section 246 of the
Finance Act 2014 (duty to notify Commissioners of promoter
reference number) but failed to do so, may be brought at any time
not more than 20 years after the later of the dates in subsection
(2)(a) and (b).”,

More subtle than what was done in Cyprus but same result.

[warlord]

Reading Time

More subtle than what was done in Cyprus but same result.

Off to Jail then - on the positive side, at least I will get chance to catch up on the ever growing reading list

[warlord]

Thanks

Don't worry though - the Chancellor has to publish a report after 6 months detailing to parliament the financial devastation and hardship caused to thousands of families.

So we'll all be OK then.

Great news….that is so much comfort

[slogger]

Off to Jail then - on the positive side, at least I will get chance to catch up on the ever growing reading list

haven't they banned books in prison now as well?

[speling bee]

haven't they banned books in prison now as well?

Sorry, folks.

BBC News - Prisons minister defends "sensible" book restrictions

[z4thras]

Sorry, folks.

BBC News - Prisons minister defends "sensible" book restrictions

You couldn't make this up

[speling bee]

You couldn't make this up

It's retrospective as well.

[PeterF]

Meeting coming back together...

[Fireship]

Here we go again!!