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

[Ninja]

No effect

Exactly. Why would they even bother passing legislation if it truely had "no effect" on anyone?

This is definitely a case of "...white man speak with forked tongue....". I think what he means is, without actually saying it, is the following "...The S58 legislation has no effect on the taxpayer because we (HMRC) always thought that the scheme didn't work, and this legislation just makes it a bit more clear. Got it!..." With that sort of logic it's a wonder why we need all of these expensive tax courts, why not just scrap them, and let HMRC decide; adjusting the relevant legislation retrospectively, whenever necessary, when they need to 'make it a bit clearer what was meant in the first place'.

The Tory MP is conveniently mixing up fact, i.e. the legislation does have a material effect on taxpayers, with opinion, i.e. what HMRC would like us to believe.

Give me strength!

[screwthis]

This is definitely a case of "...white man speak with forked tongue....". I think what he means is, without actually saying it, is the following "...The S58 legislation has no effect on the taxpayer because we (HMRC) always thought that the scheme didn't work, and this legislation just makes it a bit more clear. Got it!..." With that sort of logic it's a wonder why we need all of these expensive tax courts, why not just scrap them, and let HMRC decide; adjusting the relevant legislation retrospectively, whenever necessary, when they need to 'make it a bit clearer what was meant in the first place'.

...which brings us back to Reckless' point

Any legislation that needs to be clarified was therefore by implication poorly written and misleading in the first place.......

[Disgusted of Coventry]

...With that sort of logic it's a wonder why we need all of these expensive tax courts, why not just scrap them, and let HMRC decide; ...

Oddly enough, that's very close to what they actually said as part justification for s58 - Litigation would have been too costly.

If this ever makes it to the ECHR, you'd hope that an eloquent QC would have some resounding words to say about that.

[ALMAC]

Ntrt newsletter

Anyone know if the newsletter is going out today as planned?

[DonkeyRhubarb]

Anyone know if the newsletter is going out today as planned?

Yes, they are hoping to get it out before the end of the day.

[nevergiveup]

Yes, they are hoping to get it out before the end of the day.

Hopefully some good news for the weekend!

[johnnyguitar]

Montpelier & update

Been out of touch for a while on this - although followed the lobbying campaign and wrote to mp etc
What's the status with Montpelier?
Is this actually being taken to tax court/ tribunal now ? I get the usual threatening letters from HMRC but when am I going to be asked to actually pay?

[DonkeyRhubarb]

Been out of touch for a while on this - although followed the lobbying campaign and wrote to mp etc
What's the status with Montpelier?
Is this actually being taken to tax court/ tribunal now ? I get the usual threatening letters from HMRC but when am I going to be asked to actually pay?

Yes, appeals are being taken to tribunal.

However there's a big backlog at the tax courts, so it could be a while before the cases are heard.

[MMSguru]

Donation Made

Yes, they are hoping to get it out before the end of the day.

Another very informative update from the NTRT team. Thank you.

[lucozade]

Superb newsletter. Well done NTRT once again