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

[DaveB]

Thought this might be of interested to some of you guys.

BBC News - HMRC's David Heaton quits after offering tips on avoiding tax

[lucozade]

Well if somehow we eventually win this nightmare, then they would collect the loan payments??

Erm - what!

Totally unrelated subjects - surely.

[SLB]

Erm - what!

Totally unrelated subjects - surely.

Either I'm being stupid or I just can't figure why these 2 subjects should be unrelated, surely they are intertwined?

Btw – I’m not remotely concerned for the finances of WG either. I’m sure Montp did perfectly well out of the arrangement, it is called business!

Also, I sent an email as requested by NTRT to the HMRC stooge Gauke got to reply on his behalf and have yet to receive a reply. Any one else had this problem?

Thanks.

[Retro]

Either I'm being stupid or I just can't figure why these 2 subjects should be unrelated, surely they are intertwined?

Btw – I’m not remotely concerned for the finances of WG either. I’m sure Montp did perfectly well out of the arrangement, it is called business!

Also, I sent an email as requested by NTRT to the HMRC stooge Gauke got to reply on his behalf and have yet to receive a reply. Any one else had this problem?

Thanks.

Hooray, I thought I was cracking up, maybe not.

The subjects are very much related and I too am not interested in WG's financial situation, but I have some interest in my own.

[swede]

Will find out and get back to you on this.

Sorry if I missed this DR, but did you have any thoughts on this? i.e. what constitutes a closure notice.... I don't think I ever received anything labelled as such - just determination of extra tax for those years in question.

[DonkeyRhubarb]

Sorry if I missed this DR, but did you have any thoughts on this? i.e. what constitutes a closure notice.... I don't think I ever received anything labelled as such - just determination of extra tax for those years in question.

"Notice of Further Assessment", where there was no prior enquiry, is essentially a discovery assessment. It's equivalent to opening an enquiry under discovery and then issuing a closure notice, all in one go.

HMRC's use of discovery will need to be tested at the FTT. Their position is weakest where a tax return contained a DOTAS scheme reference number.

[the great escape]

"Notice of Further Assessment", where there was no prior enquiry, is essentially a discovery assessment. It's equivalent to opening an enquiry under discovery and then issuing a closure notice, all in one go.

HMRC's use of discovery will need to be tested at the FTT. Their position is weakest where a tax return contained a DOTAS scheme reference number.

How does discovery stand up against the notion that now it's 'full retrospection' and not merely clarifcation of the existing 1987 law?

[DonkeyRhubarb]

How does discovery stand up against the notion that now it's 'full retrospection' and not merely clarifcation of the existing 1987 law?

Don't know. HMRC have used discovery extensively (indiscriminately?) so there are several different scenarios that will need to be tested.

[zippo]

Panorama

Did anyone watch last nights Panorama ?

You can watch Panorama: Tax, Lies and Videotape on BBC One, Monday 16 September at 20:30 BST and then in the UK on the BBC iPlayer

[lucozade]

Did anyone watch last nights Panorama ?

You can watch Panorama: Tax, Lies and Videotape on BBC One, Monday 16 September at 20:30 BST and then in the UK on the BBC iPlayer

Yes sure did.

Usual Gauke not answering the question directly.

That new scheme for corporates sounded interesting considering it's in the Tax manuals. Wonder if they will use retrospection with this one.