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

[smalldog]

and another: Accelerated Payments = Accelerated Insolvencies? - Contractor Weekly

[turnover]

Some good news

HMRC appeal against Oldco Rangers big tax case ruling dismissed | Glasgow & West | News

[lucozade]

HMRC appeal against Oldco Rangers big tax case ruling dismissed | Glasgow & West | News

Yeah just read this too. Great news as it means less of stick to poke those of us that may have been caught up in the EBTs too.

[Henrik]

Special Case

another article hot off the press:

"investors must either reach an immediate settlement with Revenue & Customs or fight the ruling via the courts.
Ingenious warned its investors time was running out if they wanted to take up a settlement offer from HMRC. The offer is thought to cut their bills by up to 40% by allowing them tax relief on the cash element of their investment but not the part funded by borrowings.
Ingenious told clients they have a short time to take up a settlement offer. It said: "We have done everything we can to lobby for changes to the accelerated payment proposals as the Bill has progressed through Parliament, but without success.”

another mention of the 40% discount but it now appears related to reliefs rather than a discount??

Beckham joins celebs facing £520m bill over tax schemes

I have long suspected that we are a 'special' case with the politicians and HMRC. We're not rich, we don't have powerful friends, we're ordinary working people who just happened upon a loophole. We just cannot be allowed to get away with this. They'll bankrupt us without giving it a thought.

[OneUnited]

Yeah just read this too. Great news as it means less of stick to poke those of us that may have been caught up in the EBTs too.

Can anyone tell me what would have happened if the Rangers case was still waiting to be heard at the FTT.

Classic example of how this new legislation could go spectacularly wrong for HMRC

[OnYourBikeGB]

Yeah just read this too. Great news as it means less of stick to poke those of us that may have been caught up in the EBTs too.

79% success rate and dropping?

[SantaClaus]

79% success rate and dropping?

I'm sure Gauke wasn't lying, it was probably 79.9999999999999% with a rounding error.

[SantaClaus]

I have long suspected that we are a 'special' case with the politicians and HMRC. We're not rich, we don't have powerful friends, we're ordinary working people who just happened upon a loophole. We just cannot be allowed to get away with this. They'll bankrupt us without giving it a thought.

Nail hit firmly on head.

[tax is taxing]

best news ever

HMRC appeal against Oldco Rangers big tax case ruling dismissed | Glasgow & West | News

Now FTT verdict stands.

One can not fool everybody all the time.

Many thanks Mr A.Thornhill.

[smalldog]

Now FTT verdict stands.

One can not fool everybody all the time.

Many thanks Mr A.Thornhill.

good for you EBT guys, doesnt help non-EBT users though