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

[Guttersnipe]

Sounds like we should get the cross party letter on his desk to sign!

Given Mark Field's willingness to put his head above the parapet on tax planning/avoidance/evasion and his inviolvement in the Finance Act 2008 (Mark Field - Wikipedia, the free encyclopedia), has he been specifically approached about the upcoming amendment?

Just wondering if we've been presented with a surprise opportunity.

[Goinroamin]

If you haven't contacted your MP already, just hack around with this and email it to them using the link:

WriteToThem - Email or fax your Councillor, MP, MEP, MSP or Welsh, NI, London Assembly Member for free

I had already emailed my MP as suggested, I have just recently started a new contract and during the week am renting a room near to Canary Wharf, does this mean that I now have 2 MP's and should I be writing to the London based one as well?

[foolishboy]

If you haven't contacted your MP already, just hack around with this and email it to them using the link:

WriteToThem - Email or fax your Councillor, MP, MEP, MSP or Welsh, NI, London Assembly Member for free

Done.

My MP is a cabinet Minister who hasnt been helpful at all but I will still pester the hell out of him. I sent him a list of all the Tory MPs on the FBC too. He might surprise me yet.

Keep up the good work!

[DonkeyRhubarb]

I had already emailed my MP as suggested, I have just recently started a new contract and during the week am renting a room near to Canary Wharf, does this mean that I now have 2 MP's and should I be writing to the London based one as well?

I know of a couple of other people, with two addresses, who've done this. So go for it.

[Ninja]

Stamp Duty Land Tax - Retro-legislation being introduced

Yesterday's Hansard

David Gauke said:
The Government are today tabling an amendment to Finance Bill 2013 to put beyond doubt that a particular stamp duty land tax (SDLT) avoidance scheme is ineffective. The scheme uses the SDLT transfer of rights rules to avoid SDLT on the purchase of UK land. The legislation will have effect from 21 March 2012.

Because of repeated avoidance in this area, at Budget 2012 the Chancellor of the Exchequer made it clear that he would not hesitate to use retrospective legislation to close down future SDLT avoidance schemes.

Acting on this warning it was announced at Budget 2013 that legislation will be introduced in the Finance Bill to close down two schemes, which use the transfer of rights rules, with effect from the date of the Chancellor’s warning, 21 March 2012.

Since then a further transfer of rights scheme has been identified. The Government do not accept that the scheme has the effect intended but to remove any doubt, prompt action is being taken to protect the Exchequer.

Given the Chancellor’s clear warning last year and the announcement at Budget 2013 of retrospective legislation to close down similar transfer of rights schemes, if should have been obvious to both promoters and users of this scheme that it could be subject to retrospective action.

Does it seem strange that he justifies the use of retro-legislation because scheme users were given 1 year's notice. Hmmmmm. Something here is not right

[Ninja]

SDLT (2)

I wonder how many people will be affected, and how much money they could lose.

They might want to join our happy band!

[DonkeyRhubarb]

Does it seem strange that he justifies the use of retro-legislation because scheme users were given 1 year's notice. Hmmmmm. Something here is not right

Apparently Padmore 1987 was our notice.

[Disgusted of Coventry]

Yesterday's Hansard

David Gauke said:
[I]The Government are today tabling an amendment to Finance Bill 2013 to put beyond doubt that a particular stamp duty land tax (SDLT) avoidance scheme is ineffective. The scheme uses the SDLT transfer of rights rules to avoid SDLT on the purchase of UK land. The legislation will have effect from 21 March 2012.

...at Budget 2012 the Chancellor of the Exchequer made it clear that he would not hesitate to use retrospective legislation to close down future SDLT avoidance schemes.

Acting on this warning it was announced at Budget 2013 ...

....with effect from the date of the Chancellor’s warning, 21 March 2012.


Given the Chancellor’s clear warning last year...

Given that Gauke is producing so much justification for this by way of advance warning, doesn't it provide yet another powerful (and current) argument for the FBC to support the amendment to s58[4]?

[foolishboy]

Given that Gauke is producing so much justification for this by way of advance warning, doesn't it provide yet another powerful (and current) argument for the FBC to support the amendment to s58[4]?

Thats a very good point, but consistency has never been one of Gaukes strong points. We should certainly use this statement though if we can.

[CanPayButWouldRatherNot]

chasing mp's

just chased my libdem mp to ask him to contact the other 3 lib dem's on the committee

keep up the good work folks