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

[OneUnited]

When I joined the scheme, MP did warn me that although it was legal at the time, it might not remain so for very long and that they were working on alternatives and would advise scheme members accordingly.

I don't think we could expect anyone including MP to anticipate the retrospective effect of the law passed in 2008. I have no particular connection with MP but I think they have supported us as much as they could through the courts. I feel it's rather out of their hands now. Perhaps I am naive.

It is clear that between the Government and HMRC, they are determined to make examples of us so that nobody will ever want to set up a new DOTAS scheme in the future and if they do manage to bring in a bit more tax revenue, then so much the better.

At the risk of being a nerdy accountant, when HMRC receive some money from the APNs, I don't see how they can treat that money as income to them and use it for expenditure. It is still money paid to them in advance of resolving a dispute.

It would have to be posted as a liability to HMRC until they supposedly win the cases. It cannot really be treated as income to HMRC coffers until then. Perhaps they plan to treat 80% as income to them on the basis that they win 80% of their cases. That would be very dodgy accounting and similar to what would happen if they went and used the money at the bookies ! Despite what the Government says, this is NOT all about the money which is what makes it all the more sinister.

I was in the scheme from 2003-2008 I was never informed by MontP that the scheme was illegal although they did expect a challenge by HMRC. I can remember having a long telephone conversation with JC at MontP in the summer of 2007 and they still has not received any such challenge. Some time after that the HMRC time machine took off...

[screwthis]

I was in the scheme from 2003-2008 I was never informed by MontP that the scheme was illegal although they did expect a challenge by HMRC. I can remember having a long telephone conversation with JC at MontP in the summer of 2007 and they still has not received any such challenge. Some time after that the HMRC time machine took off...

They wouldn't warn you that the scheme was illegal. The scheme wasn't illegal and if it was they wouldn't have been selling it.
They warned that it was likely to be challenged and shut down. Rationale being "make hay while the sun shines".

[BrilloPad]

I was in the scheme from 2003-2008 I was never informed by MontP that the scheme was illegal although they did expect a challenge by HMRC. I can remember having a long telephone conversation with JC at MontP in the summer of 2007 and they still has not received any such challenge. Some time after that the HMRC time machine took off...

At the time JC and WG were trying to get HMRC into the FTTT. HMRC backed off. HMRC are a bunch of

[smalldog]

At the time JC and WG were trying to get HMRC into the FTTT. HMRC backed off. HMRC are a bunch of

hmm let me guess, is that cos HMRC knew they couldnt win!

[BrilloPad]

hmm let me guess, is that cos HMRC knew they couldnt win!

Is the right answer! And you didn't even have to ask the audience.

[DotasScandal]

Perhaps they plan to treat 80% as income to them on the basis that they win 80% of their cases. That would be very dodgy accounting and similar to what would happen if they went and used the money at the bookies ! Despite what the Government says, this is NOT all about the money which is what makes it all the more sinister.

I think you hit the nail on the head. If you believe they are above pulling that one off, please look at all their past actions, and reconsider...
And yes, it is not about the money, it is ALL about the message
(and personally, I am not keen on letting myself be burnt at the stake so that Minister Gauke can make a fu*king point)

[jbryce]

I think you hit the nail on the head. If you believe they are above pulling that one off, please look at all their past actions, and reconsider...
And yes, it is not about the money, it is ALL about the message
(and personally, I am not keen on letting myself be burnt at the stake so that Minister Gauke can make a fu*king point)

...if the message is "avoid tax and we will take you out and shoot your f***ing life in the head" then I would suggest that he has succeeded, well as far as contractors are concerned.

[DotasScandal]

...if the message is "avoid tax and we will take you out and shoot your f***ing life in the head" then I would suggest that he has succeeded, well as far as contractors are concerned.

Might look like it...
But it ain't over till the Fat Lady sings ;-)

[smalldog]

Ukip deputy leader on QT tonight, time for some twitter bombardment folks! Get to it.....

[smalldog]

Assume everyone else has gone to bed! Jeeeez we need to jointly bombard twitter....bloody phone hacking, apn affects thousands of people's futures!!!