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

[Retro]

One too many

Essential reading.

Black Friday Proposals - A Call to Arms!

Not interested, this is someone else's fight, although I do see the connection to ours.
Got enough problems of our own.

[OnYourBikeGB]

Not interested, this is someone else's fight, although I do see the connection to ours.
Got enough problems of our own.

Part of me also wants to see this go nuclear, and I think there's a real possibility that it could, but what's more likely to happen is that there will be careful stage-managed, divide and conquer. They'll label blocks of people as tax-dodgers and Joe Public will defer any real analysis in favour of a marketing catchphrase like 'morally repugnant'. The thought of many thousands of individuals being forced through the grinder over time as we have really troubles me. That said, I understand where you're coming from, though I think we are quite possibly going to be in the first wave.

[DonkeyRhubarb]

Not interested, this is someone else's fight, although I do see the connection to ours.
Got enough problems of our own.

There is more than a connection to ours.

The Montpelier scheme was registered under DOTAS in 2004. Anyone who used the scheme 2004-2008, and put a DOTAS reference number (SRN) on their return, could be targeted come July.

Even if you didn't put an SRN on your return the legislation allows HMRC to deem that you should have done. Even if, like Steed, your promoter didn't register the scheme the legislation allows HMRC to deem that they should have done.

There is virtually no grounds of appeal against a payment notice.

HMRC's stance will be "pay up now and, if you don't like it, take us to court"

[SantaClaus]

Not interested, this is someone else's fight, although I do see the connection to ours.
Got enough problems of our own.

As DR has said, this actually has everything to do with us. If this goes through, we are dead in the water.

It's a bonus that this proposed legislation will affect so many other businesses and people (in terms of lobbying), but they are only just starting to wake up to that fact.

[TalkingCheese]

Not interested, this is someone else's fight, although I do see the connection to ours.
Got enough problems of our own.

Hi Retro. Not sure what makes you think this isn't our fight ?

Scenario 1 (being proposed)
Go bankrupt now and then get the opportunity to get the money back in 2 years if the independent tax tribunals, adjudicator, ombudsman get to the realise the truth or no worries, money already paid if the truth is not heard/listened to. Any harm done in either/both scenarios ?

Scenario 2 (without the proposed)
Determine if the tax is due following due process (independent reviews/tribunals) and then leave as is or go bankrupt depending on the outcome. Any harm done in either/both scenarios ?

[Fireship]

Essential reading.

Black Friday Proposals - A Call to Arms!

Other than responding to HMRC and requestion accountants do the same what else should people be doing, writing to MP's??

[d000hg]

Can I assume all the main contractor accountants on this site will be aware already? I don't want to contribute to a flood of emails on my accountants (InTouch) if they are already aware.

[DonkeyRhubarb]

Other than responding to HMRC and requestion accountants do the same what else should people be doing, writing to MP's??

NTRT will be emailing members in the next day or two with a call to action.

[DonkeyRhubarb]

Can I assume all the main contractor accountants on this site will be aware already? I don't want to contribute to a flood of emails on my accountants (InTouch) if they are already aware.

I doubt they'll get a flood. A lot of folks on CUK seem to be of the view that anyone who used a scheme deserves to get shafted.

There is a certain irony in all of this.

People complied with DOTAS in good faith, and declared everything, only to now find themselves under threat of being penalised for being open, honest and transparent with HMRC.

Meanwhile HMRC offers amnesties to tax evaders, who deliberately concealed their income, to persuade them to come forward.

[ASB]

I doubt they'll get a flood. A lot of folks on CUK seem to be of the view that anyone who used a scheme deserves to get shafted.

There is a certain irony in all of this.

People complied with DOTAS in good faith, and declared everything, only to now find themselves under threat of being penalised for being open, honest and transparent with HMRC.

Meanwhile HMRC offers amnesties to tax evaders, who deliberately concealed their income, to persuade them to come forward.

I feel it is a great shame that people took the pragmatic play fair approach. In effect agreeing to be bound by the results of test cases that were then pulled and the rules changed. And now potentially being changed again to pay up and then is somebody wins get it back.

sadly its water under the bridge, but I wonder what the situation would have been if some victims had exercised their right for determination when hmrc started dragging their feet.