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

[Goinroamin]

What Happened to this being fast tracked

Probably a discussion to be had in general - but in the 1970s inflation did erode debt. Its default by stealth. The ones with most to gain are the government as they have the most debt.



+1
Sounds like you have heard what I have heard. But you put it so much more tactfully than me.

Not that I am in any rush to be made backrupt but it was only a short time ago that there was talk on here that FTT case for Huitson was being fast tracked, is this not the case anymore or is two years the fasttrack?

[TalkingCheese]

For those with the option then great. Lots of us on here with no money facing bankruptcy.

Sure thing BP. There are many in the situation where they cant pay anywhere near the full amount but can put a bit in a CTD which may be worth while. I realise that some dont even have that option.

[BrilloPad]

Not that I am in any rush to be made backrupt but it was only a short time ago that there was talk on here that FTT case for Huitson was being fast tracked, is this not the case anymore or is two years the fasttrack?

Not sure. But there seems to be a huge HMRC backlog at the moment.

[CanPayButWouldRatherNot]

ctd or overpay mortgage

CTD vs overpay your mortgage .. when we did this last time the consensus was to overpay your mortgage (assuming you can draw it back if/when required) was better than a ctd.

unless i hear otherwise .. not bothering with a CTD and sticking with the compound benefit of overpaying my property debt

[deckster]

CTD vs overpay your mortgage .. when we did this last time the consensus was to overpay your mortgage (assuming you can draw it back if/when required) was better than a ctd.

unless i hear otherwise .. not bothering with a CTD and sticking with the compound benefit of overpaying my property debt

Ditto. HMRC only charging simple interest will make an increasingly big difference the longer it drags on.

[PlaneSailing]

Not that I am in any rush to be made backrupt but it was only a short time ago that there was talk on here that FTT case for Huitson was being fast tracked, is this not the case anymore or is two years the fasttrack?

I would want to know exactly why 'fast tracking' is required if it came to that. After five years of 'investigation', and no questions asked of me, I'd like to know why I'd now need to be treated differently to anyone else.

I'd hate to think I'm being singled out for special treatment .

[DonkeyRhubarb]

Not that I am in any rush to be made backrupt but it was only a short time ago that there was talk on here that FTT case for Huitson was being fast tracked, is this not the case anymore or is two years the fasttrack?

There was a rumour of it being fast tracked but nothing more has been heard on the matter.

I don't think anyone knows how long this could go on for.

[DonkeyRhubarb]

Backlog

'Political pressure' adds to backlogs at HMRC - Telegraph

BP might be right about 2020.

[TAF4]

The Rule of Law v the Rule of Man

Well worth listening to this -
Radio 4 Analysis - Monday evening - 30mins
"With huge concern over tax avoidance, tax officials are the latest to be given increased powers of discretion. They will be able to penalise people who have obeyed the letter of the law, but who have contravened the spirit of the tax code - as determined by the officials themselves, based on certain criteria. The use of official discretion is now applying across the UK's legal systems, from areas such as tax and finance to crime and hate speech.

Philosopher Jamie Whyte asks: is this growth in the Rule of Man undermining the Rule of Law? If officials can punish you, despite the fact that you followed the rules on the books, doesn't that raise the danger of injustice?"

Good stuff - but the direction of travel is very worrying.

[BrilloPad]

Well worth listening to this -
Radio 4 Analysis - Monday evening - 30mins
"With huge concern over tax avoidance, tax officials are the latest to be given increased powers of discretion. They will be able to penalise people who have obeyed the letter of the law, but who have contravened the spirit of the tax code - as determined by the officials themselves, based on certain criteria. The use of official discretion is now applying across the UK's legal systems, from areas such as tax and finance to crime and hate speech.

Philosopher Jamie Whyte asks: is this growth in the Rule of Man undermining the Rule of Law? If officials can punish you, despite the fact that you followed the rules on the books, doesn't that raise the danger of injustice?"

Good stuff - but the direction of travel is very worrying.

I am tempted to say that as long as the changes are prospective then I don't care. But what I object to is HMRC behaving as judge, jury and executioner ( does forcing a suicide count as executing?). Why should they be above the law?

Anyone know how old Mr B is? I wonder if HMRC want to bury this until he retires(or they sack him) then hang him out to dry.